Quantum Computing Inc. (NASDAQ:QUBT - Get Free Report) shares fell 2.8% during mid-day trading on Thursday . The stock traded as low as $4.86 and last traded at $5.13. 3,785,898 shares were traded during trading, a decline of 85% from the average session volume of 25,291,549 shares. The stock had previously closed at $5.28.
Wall Street Analysts Forecast Growth
Separately, Ascendiant Capital Markets lifted their price objective 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 Analysis on QUBT
Quantum Computing Stock Up 3.3 %
The firm has a market cap of $690.00 million, a PE ratio of -17.34 and a beta of 3.26. The business has a 50-day moving average price of $9.81 and a two-hundred day moving average price of $5.94.
Institutional Trading of Quantum Computing
Large investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC purchased a new position in Quantum Computing in the fourth quarter worth approximately $30,000. IFP Advisors Inc purchased a new stake in shares of Quantum Computing during the 4th quarter worth $33,000. Farther Finance Advisors LLC acquired a new position in shares of Quantum Computing during the fourth quarter worth $33,000. Archer Investment Corp purchased a new position in Quantum Computing in the fourth quarter valued at $33,000. Finally, Hollencrest Capital Management acquired a new stake in Quantum Computing in the fourth quarter valued at $41,000. 4.26% of the stock is currently owned by hedge funds and other institutional investors.
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.
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