Shares of Quantum Computing Inc. (NASDAQ:QUBT - Get Free Report) were down 5.4% during trading on Wednesday . The company traded as low as $8.10 and last traded at $8.16. Approximately 21,684,119 shares changed hands during trading, an increase of 41% from the average daily volume of 15,356,321 shares. The stock had previously closed at $8.63.
Quantum Computing Stock Performance
The company has a market capitalization of $1.01 billion, a P/E ratio of -25.48 and a beta of 3.26. The firm's fifty day moving average is $8.10 and its 200 day moving average is $6.41.
Quantum Computing (NASDAQ:QUBT - Get Free Report) last released 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 quarter last year, the company posted ($0.09) earnings per share.
Institutional Trading of Quantum Computing
A number of hedge funds and other institutional investors have recently bought and sold shares of QUBT. Tower Research Capital LLC TRC purchased a new position in Quantum Computing in the 4th quarter worth about $30,000. IFP Advisors Inc bought a new position in Quantum Computing in the 4th quarter worth about $33,000. Farther Finance Advisors LLC purchased a new position in shares of Quantum Computing during the fourth quarter worth approximately $33,000. Archer Investment Corp bought a new stake in shares of Quantum Computing during the fourth quarter valued at approximately $33,000. Finally, Hollencrest Capital Management purchased a new stake in shares of Quantum Computing in the fourth quarter valued at approximately $41,000. Hedge funds and other 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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