Virtu Financial LLC lifted its stake in shares of Quantum Computing Inc. (NASDAQ:QUBT - Free Report) by 377.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 60,557 shares of the company's stock after acquiring an additional 47,880 shares during the quarter. Virtu Financial LLC owned approximately 0.06% of Quantum Computing worth $40,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Separately, XTX Topco Ltd purchased a new position in Quantum Computing in the third quarter valued at approximately $46,000. 4.26% of the stock is owned by hedge funds and other institutional investors.
Quantum Computing Stock Performance
QUBT stock traded up $2.48 during trading on Friday, reaching $17.62. The company had a trading volume of 128,206,961 shares, compared to its average volume of 9,541,522. The company has a market cap of $2.10 billion, a price-to-earnings ratio of -60.76 and a beta of 3.11. Quantum Computing Inc. has a twelve month low of $0.35 and a twelve month high of $27.15. The firm has a 50-day simple moving average of $4.89 and a 200-day simple moving average of $2.11.
Quantum Computing (NASDAQ:QUBT - Get Free Report) last announced its quarterly earnings data on Wednesday, October 2nd. The company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.02. The business had revenue of $0.18 million for the quarter.
Wall Street Analyst Weigh In
Separately, Ascendiant Capital Markets boosted their target price on Quantum Computing from $8.25 to $8.50 and gave the company a "buy" rating in a research note on Wednesday, November 13th.
Read Our Latest Stock 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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