Quantum Computing Inc. (NASDAQ:QUBT - Get Free Report)'s stock price gapped up prior to trading on Monday . The stock had previously closed at $7.39, but opened at $7.75. Quantum Computing shares last traded at $8.09, with a volume of 4,301,773 shares changing hands.
Quantum Computing Stock Up 6.4 %
The company has a market capitalization of $1.16 billion, a price-to-earnings ratio of -29.14 and a beta of 3.26. The firm has a 50 day moving average price of $8.01 and a two-hundred day moving average price of $6.64.
Quantum Computing (NASDAQ:QUBT - Get Free Report) last issued its quarterly earnings data on Thursday, March 20th. The company reported ($0.47) earnings per share for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.42). The business had revenue of $0.06 million during the quarter, compared to analysts' expectations of $0.20 million. During the same period in the previous year, the business posted ($0.09) EPS.
Insider Buying and Selling
In related news, insider Yuping Huang sold 200,000 shares of the stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $8.48, for a total value of $1,696,000.00. Following the completion of the transaction, the insider now directly owns 24,051,256 shares of the company's stock, valued at $203,954,650.88. This represents a 0.82 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 31.10% of the company's stock.
Institutional Trading of Quantum Computing
Hedge funds have recently added to or reduced their stakes in the business. UNICOM Systems Inc. acquired a new position in shares of Quantum Computing during the 4th quarter valued at $5,707,000. SBI Securities Co. Ltd. bought a new position in shares of Quantum Computing in the fourth quarter valued at $1,602,000. Farther Finance Advisors LLC acquired a new stake in shares of Quantum Computing during the fourth quarter worth $33,000. SG Americas Securities LLC purchased a new stake in shares of Quantum Computing in the fourth quarter valued at $626,000. Finally, Virtu Financial LLC grew 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 valued at $40,000 after acquiring an additional 47,880 shares in the last quarter. Institutional investors own 4.26% of the company's stock.
Quantum Computing Company Profile
(
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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