Quantum Computing Inc. (NASDAQ:QUBT - Get Free Report) shares rose 1.9% during trading on Friday . The stock traded as high as $7.52 and last traded at $7.53. Approximately 12,973,836 shares traded hands during mid-day trading, a decline of 17% from the average daily volume of 15,601,937 shares. The stock had previously closed at $7.39.
Quantum Computing Stock Down 2.6 %
The company has a 50 day simple moving average of $8.15 and a two-hundred day simple moving average of $6.46. The company has a market capitalization of $1.17 billion, a P/E ratio of -29.33 and a beta of 3.26.
Quantum Computing (NASDAQ:QUBT - Get Free Report) last released its earnings results on Thursday, March 20th. The company reported ($0.47) earnings per share for the quarter, missing the consensus estimate 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 in the prior year, the company posted ($0.09) earnings per share.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of QUBT. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Quantum Computing during the 4th quarter worth approximately $166,000. Heck Capital Advisors LLC purchased a new stake in shares of Quantum Computing during the fourth quarter valued at $1,255,000. Two Sigma Investments LP bought a new position in shares of Quantum Computing in the fourth quarter worth about $657,000. Toronto Dominion Bank purchased a new position in Quantum Computing in the 4th quarter worth about $3,509,000. Finally, OMERS ADMINISTRATION Corp bought a new stake in Quantum Computing during the 4th quarter valued at about $319,000. Hedge funds and other institutional investors own 4.26% of the company's stock.
About Quantum Computing
(
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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