Shares of Quantum Computing Inc. (NASDAQ:QUBT - Get Free Report) rose 25.4% during trading on Friday . The company traded as high as $7.04 and last traded at $6.89. Approximately 21,180,084 shares traded hands during mid-day trading, an increase of 46% from the average daily volume of 14,548,083 shares. The stock had previously closed at $5.49.
Quantum Computing Stock Up 5.1 %
The stock has a market cap of $1.16 billion, a price-to-earnings ratio of -28.87 and a beta of 3.26. The company has a 50 day simple moving average of $8.39 and a 200 day simple moving average of $6.20.
Institutional Trading of Quantum Computing
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC bought a new position in shares of Quantum Computing during the 4th quarter worth approximately $166,000. Heck Capital Advisors LLC purchased a new stake in Quantum Computing in the 4th quarter valued at $1,255,000. Two Sigma Investments LP purchased a new stake in shares of Quantum Computing during the 4th quarter valued at $657,000. Toronto Dominion Bank purchased a new stake in shares of Quantum Computing during the 4th quarter valued at $3,509,000. Finally, OMERS ADMINISTRATION Corp purchased a new stake in shares of Quantum Computing during the 4th quarter valued at $319,000. 4.26% of the stock is currently 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.
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