Quantum Computing Inc. (NASDAQ:QUBT - Get Free Report) shares gapped down prior to trading on Tuesday . The stock had previously closed at $5.43, but opened at $5.02. Quantum Computing shares last traded at $5.18, with a volume of 3,576,172 shares changing hands.
Analyst Ratings Changes
Separately, Ascendiant Capital Markets upped their price objective on Quantum Computing from $8.25 to $8.50 and gave the company a "buy" rating in a report on Wednesday, November 13th.
Check Out Our Latest Stock Analysis on QUBT
Quantum Computing Trading Up 3.3 %
The firm has a market capitalization of $690.00 million, a PE ratio of -17.34 and a beta of 3.26. The business has a fifty day moving average price of $10.07 and a two-hundred day moving average price of $5.88.
Institutional Investors Weigh In On Quantum Computing
A number of institutional investors have recently made changes to their positions in the stock. Heck Capital Advisors LLC purchased a new stake in Quantum Computing in the fourth quarter valued at approximately $1,255,000. Two Sigma Investments LP acquired a new position in Quantum Computing during the 4th quarter worth about $657,000. Toronto Dominion Bank acquired a new position in Quantum Computing during the 4th quarter worth about $3,509,000. OMERS ADMINISTRATION Corp acquired a new position in Quantum Computing during the 4th quarter worth about $319,000. Finally, Millennium Management LLC acquired a new position in Quantum Computing during the 4th quarter worth about $2,772,000. 4.26% of the stock is currently owned by institutional investors and hedge funds.
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.
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