SG Americas Securities LLC bought a new stake in Quantum Computing Inc. (NASDAQ:QUBT - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 37,809 shares of the company's stock, valued at approximately $626,000.
Other large investors also recently added to or reduced their stakes in the company. XTX Topco Ltd bought a new position in shares of Quantum Computing in the 3rd quarter valued at approximately $46,000. Geode Capital Management LLC raised its position in shares of Quantum Computing by 10.5% in the third quarter. Geode Capital Management LLC now owns 687,208 shares of the company's stock valued at $449,000 after purchasing an additional 65,486 shares during the period. Virtu Financial LLC lifted its stake in shares of Quantum Computing by 377.7% in the third quarter. Virtu Financial LLC now owns 60,557 shares of the company's stock worth $40,000 after buying an additional 47,880 shares during the last quarter. Diversify Wealth Management LLC bought a new stake in shares of Quantum Computing during the 4th quarter worth $331,000. Finally, Sovereign Financial Group Inc. acquired a new position in Quantum Computing in the 4th quarter valued at $209,000. 4.26% of the stock is owned by institutional investors.
Quantum Computing Trading Down 4.0 %
QUBT traded down $0.41 during midday trading on Monday, reaching $9.97. The company's stock had a trading volume of 11,994,788 shares, compared to its average volume of 37,729,605. The company has a fifty day simple moving average of $11.68 and a 200 day simple moving average of $4.78. The stock has a market cap of $1.29 billion, a P/E ratio of -34.48 and a beta of 2.75. Quantum Computing Inc. has a twelve month low of $0.35 and a twelve month high of $27.15.
Quantum Computing (NASDAQ:QUBT - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The company reported ($0.06) earnings per share (EPS) for the quarter. The firm had revenue of $0.10 million for the quarter.
Wall Street Analysts Forecast Growth
Separately, Ascendiant Capital Markets upped their price target 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 Research Report on Quantum Computing
About Quantum Computing
(
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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