Quantum Computing Inc. (NASDAQ:QUBT - Get Free Report)'s stock price traded down 3.6% on Thursday . The stock traded as low as $9.52 and last traded at $9.51. 7,146,630 shares were traded during mid-day trading, a decline of 80% from the average session volume of 35,086,887 shares. The stock had previously closed at $9.87.
Wall Street Analyst Weigh In
Separately, Ascendiant Capital Markets increased their target price on shares of 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 Report on Quantum Computing
Quantum Computing Stock Down 7.2 %
The company has a market cap of $1.11 billion, a P/E ratio of -28.05 and a beta of 2.75. The company's 50-day moving average is $12.00 and its two-hundred day moving average is $5.15.
Institutional Trading of Quantum Computing
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Archer Investment Corp bought a new position in shares of Quantum Computing during the 4th quarter valued at about $33,000. IFP Advisors Inc bought a new position in shares of Quantum Computing during the fourth quarter valued at about $33,000. Farther Finance Advisors LLC bought a new position in shares of Quantum Computing during the fourth quarter valued at about $33,000. Virtu Financial LLC grew its stake in shares of Quantum Computing by 377.7% during the third 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. Finally, Hollencrest Capital Management bought a new stake in Quantum Computing in the fourth quarter valued at approximately $41,000. Hedge funds and other institutional investors own 4.26% of the company's stock.
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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