Quantum Computing Inc. (NASDAQ:QUBT - Get Free Report) dropped 3.4% during trading on Friday . The stock traded as low as $7.96 and last traded at $8.00. Approximately 5,064,267 shares traded hands during mid-day trading, a decline of 84% from the average daily volume of 30,894,781 shares. The stock had previously closed at $8.28.
Analyst Ratings Changes
Separately, Ascendiant Capital Markets increased their price objective on Quantum Computing from $8.25 to $8.50 and gave the company a "buy" rating in a research note on Wednesday, November 13th.
Check Out Our Latest Stock Analysis on QUBT
Quantum Computing Trading Up 7.9 %
The firm has a market capitalization of $1.09 billion, a PE ratio of -27.45 and a beta of 2.75. The business has a fifty day moving average price of $12.12 and a two-hundred day moving average price of $5.48.
Institutional Investors Weigh In On Quantum Computing
A number of hedge funds have recently bought and sold shares of the stock. XTX Topco Ltd acquired a new stake in shares of Quantum Computing during the 3rd quarter worth about $46,000. Geode Capital Management LLC boosted its stake in shares of Quantum Computing by 10.5% in the third quarter. Geode Capital Management LLC now owns 687,208 shares of the company's stock valued at $449,000 after buying an additional 65,486 shares in the last quarter. Virtu Financial LLC boosted its stake in shares of Quantum Computing by 377.7% in 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 in the last quarter. Sovereign Financial Group Inc. purchased a new stake in shares of Quantum Computing in the fourth quarter valued at approximately $209,000. Finally, Diversify Wealth Management LLC purchased a new stake in Quantum Computing during the fourth quarter worth $331,000. Institutional investors and hedge funds own 4.26% of the company's stock.
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
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
