Quantum Computing Inc. (NASDAQ:QUBT - Get Free Report)'s share price was up 10.8% on Friday . The company traded as high as $11.28 and last traded at $11.08. Approximately 10,560,584 shares changed hands during mid-day trading, a decline of 72% from the average daily volume of 38,299,855 shares. The stock had previously closed at $10.00.
Analyst Ratings Changes
Separately, Ascendiant Capital Markets increased their price target on shares of 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 Research Report on QUBT
Quantum Computing Trading Down 4.1 %
The business's fifty day moving average price is $11.68 and its 200 day moving average price is $4.78. The company has a market capitalization of $1.28 billion, a P/E ratio of -34.31 and a beta of 2.75.
Quantum Computing (NASDAQ:QUBT - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The company reported ($0.06) EPS for the quarter. The firm had revenue of $0.10 million for the quarter.
Hedge Funds Weigh In On Quantum Computing
Institutional investors have recently added to or reduced their stakes in the company. Archer Investment Corp bought a new position in Quantum Computing during the 4th quarter valued at about $33,000. Virtu Financial LLC increased its position 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 acquiring an additional 47,880 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of Quantum Computing during the 3rd quarter worth approximately $46,000. SRH Advisors LLC bought a new stake in shares of Quantum Computing during the fourth quarter worth approximately $69,000. Finally, Capital Advisors Inc. OK bought a new stake in shares of Quantum Computing during the fourth quarter worth approximately $166,000. 4.26% of the stock is owned by institutional investors.
About Quantum Computing
(
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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.
Further Reading
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