Quantum Computing Inc. (NASDAQ:QUBT - Get Free Report)'s share price traded down 3.2% on Wednesday . The stock traded as low as $5.02 and last traded at $5.09. 2,359,537 shares were traded during mid-day trading, a decline of 91% from the average session volume of 25,638,244 shares. The stock had previously closed at $5.26.
Analyst Upgrades and Downgrades
Separately, Ascendiant Capital Markets upped their target price on shares of Quantum Computing from $8.25 to $8.50 and gave the stock a "buy" rating in a report on Wednesday, November 13th.
Get Our Latest Stock Analysis on Quantum Computing
Quantum Computing Stock Performance
The company has a market cap of $690.00 million, a P/E ratio of -17.34 and a beta of 3.26. The firm's fifty day moving average is $9.81 and its two-hundred day moving average is $5.94.
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of QUBT. Tower Research Capital LLC TRC bought a new position in Quantum Computing in the 4th quarter worth $30,000. Archer Investment Corp purchased a new stake in Quantum Computing in the 4th quarter worth $33,000. IFP Advisors Inc purchased a new stake in Quantum Computing in the 4th quarter worth $33,000. Farther Finance Advisors LLC purchased a new stake in Quantum Computing in the 4th quarter worth $33,000. Finally, Virtu Financial LLC lifted its stake in Quantum Computing by 377.7% in the 3rd quarter. Virtu Financial LLC now owns 60,557 shares of the company's stock worth $40,000 after purchasing an additional 47,880 shares in the last quarter. Institutional investors own 4.26% of the company's stock.
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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