Quantum Computing Inc. (NASDAQ:QUBT - Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $6.52, but opened at $7.15. Quantum Computing shares last traded at $7.80, with a volume of 9,195,541 shares trading hands.
Analyst Upgrades and Downgrades
Separately, Ascendiant Capital Markets raised 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.
View Our Latest Stock Analysis on QUBT
Quantum Computing Stock Performance
The stock has a market cap of $958.19 million, a P/E ratio of -25.62 and a beta of 2.83. The business's 50-day moving average price is $9.53 and its 200-day moving average price is $3.82.
Institutional Investors Weigh In On Quantum Computing
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sovereign Financial Group Inc. purchased a new stake in shares of Quantum Computing in the fourth quarter worth $209,000. Virtu Financial LLC boosted its holdings in Quantum Computing by 377.7% in 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 during the period. XTX Topco Ltd purchased a new stake in Quantum Computing in the 3rd quarter worth $46,000. Finally, Geode Capital Management LLC raised its holdings in Quantum Computing by 10.5% during 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 during the period. Institutional investors own 4.26% of the company's stock.
About Quantum Computing
(
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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.
See Also
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