Quantum Computing Inc. (NASDAQ:QUBT - Get Free Report) gapped down before the market opened 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 trading hands.
Analyst Ratings Changes
Separately, Ascendiant Capital Markets lifted their price objective on shares of Quantum Computing from $8.25 to $8.50 and gave the company a "buy" rating in a report on Wednesday, November 13th.
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Quantum Computing Trading Up 55.5 %
The stock has a market capitalization of $1.49 billion, a P/E ratio of -39.83 and a beta of 2.83. The company has a 50-day moving average price of $9.66 and a 200 day moving average price of $3.86.
Hedge Funds Weigh In On Quantum Computing
A number of large investors have recently added to or reduced their stakes in QUBT. Sovereign Financial Group Inc. bought a new stake in shares of Quantum Computing in the 4th quarter valued at about $209,000. Virtu Financial LLC lifted 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 valued at $40,000 after acquiring an additional 47,880 shares during the last quarter. Geode Capital Management LLC boosted its stake 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 acquiring an additional 65,486 shares in the last quarter. Finally, XTX Topco Ltd purchased a new position in Quantum Computing in the third quarter worth $46,000. 4.26% of the stock is currently owned by institutional investors.
Quantum Computing Company Profile
(
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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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