Quantum Computing Inc. (NASDAQ:QUBT - Get Free Report)'s stock price was down 1.9% during trading on Wednesday . The company traded as low as $6.02 and last traded at $6.09. Approximately 3,628,786 shares traded hands during mid-day trading, a decline of 78% from the average daily volume of 16,302,756 shares. The stock had previously closed at $6.21.
Quantum Computing Price Performance
The company has a 50-day moving average of $7.20 and a 200 day moving average of $7.12. The company has a market cap of $938.76 million, a PE ratio of -23.59 and a beta of 3.00.
Quantum Computing (NASDAQ:QUBT - Get Free Report) last announced its 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 firm had revenue of $0.06 million during the quarter, compared to analysts' expectations of $0.20 million. During the same period last year, the business posted ($0.09) EPS.
Insider Buying and Selling at Quantum Computing
In related 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 completion of the transaction, the insider now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 31.10% of the company's stock.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of QUBT. Rhumbline Advisers purchased a new position in Quantum Computing during the 1st quarter valued at $28,000. Tower Research Capital LLC TRC purchased a new stake in Quantum Computing in the fourth quarter worth $30,000. Archer Investment Corp bought a new stake in shares of Quantum Computing during the fourth quarter worth $33,000. IFP Advisors Inc purchased a new stake in shares of Quantum Computing during the fourth quarter valued at $33,000. Finally, Farther Finance Advisors LLC bought a new position in shares of Quantum Computing in the fourth quarter worth about $33,000. 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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