Shares of Quantum Computing Inc. (NASDAQ:QUBT - Get Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $7.96, but opened at $8.52. Quantum Computing shares last traded at $8.00, with a volume of 7,424,895 shares trading hands.
Analyst Ratings Changes
Separately, Ascendiant Capital Markets upped their price target on Quantum Computing from $8.25 to $8.50 and gave the stock a "buy" rating in a report on Wednesday, November 13th.
Check Out Our Latest Analysis on Quantum Computing
Quantum Computing Trading Down 7.4 %
The company has a market cap of $1.03 billion, a price-to-earnings ratio of -25.83 and a beta of 2.75. The business has a fifty day moving average of $12.17 and a two-hundred day moving average of $5.58.
Institutional Investors Weigh In On Quantum Computing
Large investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC purchased a new stake in Quantum Computing during the 4th quarter worth approximately $30,000. Archer Investment Corp purchased a new stake in Quantum Computing during the 4th quarter worth approximately $33,000. IFP Advisors Inc purchased a new stake in Quantum Computing during the 4th quarter worth approximately $33,000. Farther Finance Advisors LLC purchased a new stake in Quantum Computing during the 4th quarter worth approximately $33,000. Finally, Virtu Financial LLC increased its stake in Quantum Computing by 377.7% during the 3rd quarter. Virtu Financial LLC now owns 60,557 shares of the company's stock worth $40,000 after buying an additional 47,880 shares in the last quarter. 4.26% of the stock is currently owned by hedge funds and other 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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