Quantum Computing Inc. (NASDAQ:QUBT - Get Free Report)'s share price shot up 7.8% during mid-day trading on Tuesday . The company traded as high as $0.77 and last traded at $0.76. 1,448,265 shares traded hands during trading, a decline of 5% from the average session volume of 1,528,579 shares. The stock had previously closed at $0.70.
Quantum Computing Stock Down 0.7 %
The stock has a market cap of $68.70 million, a P/E ratio of -2.21 and a beta of 1.43. The business has a 50-day simple moving average of $0.93 and a 200-day simple moving average of $0.87.
Institutional Trading of Quantum Computing
A hedge fund recently bought a new stake in Quantum Computing stock. Independence Bank of Kentucky bought a new position in Quantum Computing Inc. (NASDAQ:QUBT - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 25,350 shares of the company's stock, valued at approximately $25,000. 4.26% of the stock is owned by institutional investors and hedge funds.
Quantum Computing Company Profile
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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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