Shares of Quantum Computing Inc. (NASDAQ:QUBT - Get Free Report) gapped up prior to trading 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.
Analysts Set New Price Targets
Separately, Ascendiant Capital Markets raised their price target 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.
Read Our Latest Research Report on QUBT
Quantum Computing Price Performance
The stock has a 50-day moving average price of $9.86 and a 200-day moving average price of $3.92. The firm has a market capitalization of $1.40 billion, a PE ratio of -37.52 and a beta of 2.83.
Institutional Trading of Quantum Computing
Institutional investors have recently added to or reduced their stakes in the stock. Virtu Financial LLC grew its holdings 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 acquiring an additional 47,880 shares in the last quarter. XTX Topco Ltd bought a new position in shares of Quantum Computing during the third quarter worth about $46,000. Geode Capital Management LLC grew 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 worth $449,000 after purchasing an additional 65,486 shares in the last quarter. Sovereign Financial Group Inc. bought a new stake in Quantum Computing in the fourth quarter valued at about $209,000. Finally, Diversify Wealth Management LLC acquired a new stake in Quantum Computing during the fourth quarter valued at approximately $331,000. 4.26% of the stock is owned by institutional investors and hedge funds.
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.
Further Reading
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