Quantum Computing (NASDAQ:QUBT - Get Free Report) is expected to be issuing its quarterly earnings data before the market opens on Monday, March 31st. Analysts expect the company to announce earnings of ($0.05) per share and revenue of $0.20 million for the quarter.
Quantum Computing (NASDAQ:QUBT - Get Free Report) last released its quarterly earnings results on Thursday, March 20th. The company reported ($0.47) earnings per share for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.42). The business had revenue of $0.06 million during the quarter, compared to analysts' expectations of $0.20 million. During the same period in the prior year, the business posted ($0.09) earnings per share.
Quantum Computing Trading Down 3.0 %
Shares of NASDAQ QUBT traded down $0.24 during midday trading on Tuesday, reaching $7.76. The company's stock had a trading volume of 18,880,299 shares, compared to its average volume of 16,140,962. The stock has a 50 day simple moving average of $7.90 and a 200-day simple moving average of $6.78. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of -26.76 and a beta of 3.26. Quantum Computing has a fifty-two week low of $0.35 and a fifty-two week high of $27.15.
Insider Buying and Selling at Quantum Computing
In other news, insider Yuping Huang sold 200,000 shares of the firm's stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $8.48, for a total value of $1,696,000.00. Following the completion of the transaction, the insider now owns 24,051,256 shares in the company, valued at $203,954,650.88. This trade represents a 0.82 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 31.10% of the company's stock.
About Quantum Computing
(
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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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