Quantum Computing Inc. (NASDAQ:QUBT - Get Free Report) dropped 7.3% on Monday . The company traded as low as $6.83 and last traded at $6.94. Approximately 4,861,139 shares were traded during trading, a decline of 83% from the average daily volume of 28,982,859 shares. The stock had previously closed at $7.49.
Wall Street Analysts Forecast Growth
Separately, Ascendiant Capital Markets lifted their price target on shares of Quantum Computing from $8.25 to $8.50 and gave the stock a "buy" rating in a research report on Wednesday, November 13th.
Check Out Our Latest Research Report on QUBT
Quantum Computing Price Performance
The business's 50-day moving average price is $11.32 and its two-hundred day moving average price is $5.71. The company has a market capitalization of $832.66 million, a P/E ratio of -20.93 and a beta of 2.75.
Hedge Funds Weigh In On Quantum Computing
Hedge funds and other institutional investors have recently made changes to their positions in the company. Alyeska Investment Group L.P. bought a new stake in Quantum Computing in the 4th quarter valued at $69,613,000. Anson Funds Management LP bought a new stake in Quantum Computing in the 4th quarter valued at $70,006,000. Vanguard Group Inc. lifted its position in Quantum Computing by 83.6% in the 4th quarter. Vanguard Group Inc. now owns 4,186,729 shares of the company's stock valued at $69,290,000 after acquiring an additional 1,906,749 shares in the last quarter. Rockefeller Capital Management L.P. bought a new stake in Quantum Computing in the 4th quarter valued at $13,953,000. Finally, CIBC Private Wealth Group LLC bought a new stake in Quantum Computing in the 4th quarter valued at $11,750,000. 4.26% of the stock is owned by institutional investors.
About Quantum Computing
(
Get 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.
Featured Stories
Before you consider Quantum Computing, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Quantum Computing wasn't on the list.
While Quantum Computing currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Summer 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
