PNC Financial Services Group Inc. purchased a new position in shares of Quantum Computing Inc. (NASDAQ:QUBT - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 46,303 shares of the company's stock, valued at approximately $766,000.
A number of other hedge funds and other institutional investors have also modified their holdings of QUBT. Archer Investment Corp acquired a new position in Quantum Computing during the 4th quarter worth $33,000. IFP Advisors Inc bought a new stake in Quantum Computing during the 4th quarter valued at approximately $33,000. Virtu Financial LLC grew its holdings in Quantum Computing by 377.7% in the 3rd quarter. Virtu Financial LLC now owns 60,557 shares of the company's stock valued at $40,000 after buying an additional 47,880 shares during the last quarter. XTX Topco Ltd acquired a new position in shares of Quantum Computing during the third quarter worth approximately $46,000. Finally, SRH Advisors LLC bought a new stake in shares of Quantum Computing in the fourth quarter valued at approximately $69,000. Institutional investors own 4.26% of the company's stock.
Quantum Computing Price Performance
NASDAQ:QUBT remained flat at $7.39 during trading hours on Friday. 28,118,097 shares of the company traded hands, compared to its average volume of 15,656,071. Quantum Computing Inc. has a 1 year low of $0.35 and a 1 year high of $27.15. The stock's fifty day moving average price is $8.13 and its 200-day moving average price is $6.28. The company has a market capitalization of $1.01 billion, a PE ratio of -25.48 and a beta of 3.26.
Quantum Computing (NASDAQ:QUBT - Get Free Report) last released its earnings results on Thursday, March 20th. The company reported ($0.47) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.42). The company had revenue of $0.06 million for the quarter, compared to analyst estimates of $0.20 million. During the same period in the previous year, the firm posted ($0.09) EPS.
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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