SBI Securities Co. Ltd. purchased a new stake in Quantum Computing Inc. (NASDAQ:QUBT - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 96,798 shares of the company's stock, valued at approximately $1,602,000. SBI Securities Co. Ltd. owned 0.08% of Quantum Computing at the end of the most recent reporting period.
Other large investors have also recently modified their holdings of the company. IFP Advisors Inc bought a new position in Quantum Computing during the 4th quarter worth approximately $33,000. Archer Investment Corp bought a new stake in Quantum Computing during the 4th quarter valued at $33,000. SRH Advisors LLC purchased a new stake in Quantum Computing during the 4th quarter valued at $69,000. Capital Advisors Inc. OK bought a new stake in Quantum Computing in the 4th quarter worth $166,000. Finally, Essex Financial Services Inc. bought a new position in shares of Quantum Computing during the fourth quarter valued at about $174,000. Institutional investors own 4.26% of the company's stock.
Quantum Computing Stock Down 10.1 %
Shares of QUBT traded down $0.54 during mid-day trading on Thursday, hitting $4.75. 7,193,892 shares of the company's stock traded hands, compared to its average volume of 25,373,277. The firm has a market capitalization of $650.90 million, a P/E ratio of -16.36 and a beta of 3.26. The business's 50-day moving average price is $10.36 and its 200-day moving average price is $5.88. Quantum Computing Inc. has a 1 year low of $0.35 and a 1 year high of $27.15.
Wall Street Analyst Weigh In
Separately, Ascendiant Capital Markets raised their target price on Quantum Computing from $8.25 to $8.50 and gave the stock a "buy" rating in a research note on Wednesday, November 13th.
Check Out Our Latest Stock Analysis on QUBT
Quantum Computing Company Profile
(
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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