Quantum Computing Inc. (NASDAQ:QUBT - Get Free Report) traded down 6.3% on Friday . The company traded as low as $9.80 and last traded at $10.19. 20,506,609 shares changed hands during trading, a decline of 59% from the average session volume of 49,867,602 shares. The stock had previously closed at $10.88.
Analyst Upgrades and Downgrades
Separately, Ascendiant Capital Markets upped their price target on shares of Quantum Computing from $8.25 to $8.50 and gave the stock a "buy" rating in a research note on Wednesday, November 13th.
Get Our Latest Stock Report on Quantum Computing
Quantum Computing Price Performance
The business has a fifty day simple moving average of $10.22 and a two-hundred day simple moving average of $4.06.
Institutional Trading of Quantum Computing
Hedge funds have recently bought and sold shares of the stock. XTX Topco Ltd purchased a new stake in shares of Quantum Computing in the third quarter worth $46,000. Geode Capital Management LLC increased its stake in Quantum Computing by 10.5% in the 3rd quarter. Geode Capital Management LLC now owns 687,208 shares of the company's stock worth $449,000 after buying an additional 65,486 shares in the last quarter. Virtu Financial LLC increased its stake 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 in the last quarter. Janney Montgomery Scott LLC bought a new stake in Quantum Computing during the fourth quarter valued at about $786,000. Finally, SG Americas Securities LLC purchased a new position in shares of Quantum Computing in the fourth quarter valued at about $626,000. Institutional investors own 4.26% of the company's stock.
Quantum Computing Company Profile
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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.
Further Reading
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