Quantum Computing Inc. (NASDAQ:QUBT - Get Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $8.00, but opened at $8.20. Quantum Computing shares last traded at $7.67, with a volume of 5,051,680 shares.
Quantum Computing Stock Performance
The firm has a market cap of $893.46 million, a PE ratio of -22.45 and a beta of 2.99. The company's 50-day simple moving average is $7.76 and its two-hundred day simple moving average is $6.79.
Quantum Computing (NASDAQ:QUBT - Get Free Report) last released its quarterly earnings results on Thursday, March 20th. The company reported ($0.47) EPS 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 analyst estimates of $0.20 million. During the same period last year, the firm earned ($0.09) earnings per share.
Insider Buying and Selling at Quantum Computing
In other news, insider Yuping Huang sold 200,000 shares of Quantum Computing stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $8.48, for a total transaction of $1,696,000.00. Following the sale, the insider now owns 24,051,256 shares of the company's stock, valued at approximately $203,954,650.88. The trade was a 0.82 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 31.10% of the company's stock.
Institutional Trading of Quantum Computing
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Tower Research Capital LLC TRC purchased a new stake in Quantum Computing in the fourth quarter worth $30,000. IFP Advisors Inc bought a new position in shares of Quantum Computing in the 4th quarter worth about $33,000. Farther Finance Advisors LLC bought a new position in shares of Quantum Computing in the 4th quarter worth about $33,000. Archer Investment Corp bought a new stake in Quantum Computing during the fourth quarter worth about $33,000. Finally, Hollencrest Capital Management purchased a new stake in Quantum Computing in the fourth quarter worth about $41,000. 4.26% of the stock is currently owned by hedge funds and other institutional investors.
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.
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