Quantum Computing Inc. (NASDAQ:QUBT - Get Free Report) was the target of some unusual options trading activity on Thursday. Investors bought 25,299 call options on the company. This is an increase of approximately 4,315% compared to the typical volume of 573 call options.
Analyst Ratings Changes
Separately, Ascendiant Capital Markets boosted their target price on shares of Quantum Computing from $8.25 to $8.50 and gave the company a "buy" rating in a research note on Wednesday.
Check Out Our Latest Analysis on QUBT
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in the company. TRUE Private Wealth Advisors grew its stake in shares of Quantum Computing by 318.1% during the second quarter. TRUE Private Wealth Advisors now owns 65,718 shares of the company's stock worth $33,000 after buying an additional 50,000 shares during the last quarter. Virtu Financial LLC increased its holdings in Quantum Computing by 17.7% in the first quarter. Virtu Financial LLC now owns 95,425 shares of the company's stock valued at $94,000 after purchasing an additional 14,326 shares during the period. Finally, PEAK6 Investments LLC bought a new position in Quantum Computing during the 1st quarter worth $129,000. Institutional investors own 4.26% of the company's stock.
Quantum Computing Trading Up 65.4 %
Shares of QUBT traded up $1.74 during trading hours on Thursday, hitting $4.40. 231,715,230 shares of the stock traded hands, compared to its average volume of 2,812,877. The firm has a market capitalization of $435.98 million, a PE ratio of -15.17 and a beta of 1.64. Quantum Computing has a 1-year low of $0.35 and a 1-year high of $4.69. The business has a fifty day moving average of $0.98 and a 200-day moving average of $0.77.
Quantum Computing (NASDAQ:QUBT - Get Free Report) last posted its quarterly earnings results on Wednesday, October 2nd. The company reported ($0.06) earnings per share for the quarter, beating analysts' consensus estimates of ($0.08) by $0.02. The company had revenue of $0.18 million during the quarter.
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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