Quantum Computing (NASDAQ:QUBT) Shares Down 3% - Time to Sell?

Quantum Computing Inc. (NASDAQ:QUBT - Get Free Report) traded down 3% on Monday . The company traded as low as $7.99 and last traded at $8.20. 10,477,324 shares traded hands during mid-day trading, a decline of 35% from the average session volume of 16,023,934 shares. The stock had previously closed at $8.45.

Quantum Computing Trading Down 3.6 %

The company's 50-day moving average price is $7.84 and its two-hundred day moving average price is $6.79. The company has a market cap of $1.04 billion, a P/E ratio of -26.10 and a beta of 2.99.

Quantum Computing (NASDAQ:QUBT - Get Free Report) last issued its earnings results 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 company had revenue of $0.06 million for the quarter, compared to analysts' expectations of $0.20 million. During the same period last year, the firm earned ($0.09) EPS.

Insider Buying and Selling

In related news, insider Yuping Huang sold 200,000 shares of the stock in a transaction 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 owns 24,051,256 shares in the company, valued at $203,954,650.88. This trade represents a 0.82 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 31.10% of the company's stock.

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Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC acquired a new stake in shares of Quantum Computing during the fourth quarter valued at approximately $30,000. Archer Investment Corp acquired a new position in shares of Quantum Computing in the 4th quarter valued at about $33,000. IFP Advisors Inc acquired a new position in shares of Quantum Computing in the 4th quarter valued at about $33,000. Farther Finance Advisors LLC purchased a new stake in shares of Quantum Computing in the fourth quarter worth approximately $33,000. Finally, Virtu Financial LLC boosted its holdings in shares of Quantum Computing by 377.7% during the third quarter. Virtu Financial LLC now owns 60,557 shares of the company's stock worth $40,000 after purchasing an additional 47,880 shares during the period. 4.26% of the stock is currently owned by institutional investors and hedge funds.

About Quantum Computing

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.