Quantum Computing Inc. (NASDAQ:QUBT - Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $8.98, but opened at $8.01. Quantum Computing shares last traded at $7.97, with a volume of 6,295,023 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, Ascendiant Capital Markets increased their target price on Quantum Computing from $8.25 to $8.50 and gave the company a "buy" rating in a report on Wednesday, November 13th.
Check Out Our Latest Research Report on QUBT
Quantum Computing Price Performance
The stock has a market capitalization of $840.83 million, a PE ratio of -22.48 and a beta of 2.83. The company's 50 day moving average price is $9.42 and its two-hundred day moving average price is $3.77.
Institutional Trading of Quantum Computing
Large investors have recently added to or reduced their stakes in the stock. Virtu Financial LLC increased its position in Quantum Computing by 377.7% during the third quarter. Virtu Financial LLC now owns 60,557 shares of the company's stock worth $40,000 after purchasing an additional 47,880 shares during the last quarter. XTX Topco Ltd acquired a new stake in shares of Quantum Computing during the 3rd quarter worth approximately $46,000. Finally, Geode Capital Management LLC raised its position in shares of Quantum Computing by 10.5% during the 3rd 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 period. 4.26% of the stock is currently owned by hedge funds and other institutional investors.
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.
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