Quantum Computing Inc. (NASDAQ:QUBT - Get Free Report)'s share price traded down 1.2% during mid-day trading on Thursday . The stock traded as low as $10.01 and last traded at $10.01. 5,292,840 shares traded hands during trading, a decline of 87% from the average session volume of 39,555,637 shares. The stock had previously closed at $10.13.
Wall Street Analyst Weigh In
Separately, Ascendiant Capital Markets boosted their price objective on shares of Quantum Computing from $8.25 to $8.50 and gave the stock a "buy" rating in a report on Wednesday, November 13th.
Get Our Latest Report on Quantum Computing
Quantum Computing Price Performance
The business has a fifty day moving average of $11.49 and a 200 day moving average of $4.62. The stock has a market cap of $1.29 billion, a PE ratio of -34.48 and a beta of 2.83.
Quantum Computing (NASDAQ:QUBT - Get Free Report) last released its earnings results on Wednesday, November 6th. The company reported ($0.06) EPS for the quarter. The firm had revenue of $0.10 million during the quarter.
Institutional Investors Weigh In On Quantum Computing
Hedge funds and other institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC increased its holdings in Quantum Computing by 10.5% in the third quarter. Geode Capital Management LLC now owns 687,208 shares of the company's stock valued at $449,000 after buying an additional 65,486 shares during the last quarter. UNICOM Systems Inc. acquired a new position in Quantum Computing in the fourth quarter worth $5,707,000. Focus Financial Network Inc. acquired a new stake in shares of Quantum Computing during the fourth quarter worth $1,536,000. Heck Capital Advisors LLC bought a new position in shares of Quantum Computing in the 4th quarter worth about $1,255,000. Finally, XTX Topco Ltd acquired a new position in shares of Quantum Computing in the 3rd quarter valued at about $46,000. Institutional investors own 4.26% of the company's stock.
About Quantum Computing
(
Get Free Report)
Quantum Computing Inc, an integrated photonics company, offers accessible and affordable quantum machines. The company offers Dirac systems are portable, low power, and room temperature qubit and qudit entropy quantum computers (EQC); reservoir computing; remote sensing; and single photon imaging. It also provides Quantum random number generator (uQRNG), a portable device that provides genuine random numbers directly from quantum processes; and quantum authentication which eliminates vulnerabilities inherent in classical cryptographic schemes by offering a comprehensive entanglement-based quantum cyber solution that seamlessly integrates into existing telecom fiber and communication infrastructure.
Further Reading
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