Quantum Computing (QUBT) Expected to Announce Earnings on Monday

Quantum Computing (NASDAQ:QUBT - Get Free Report) is expected to be issuing its quarterly earnings data before the market opens on Monday, March 31st. Analysts expect the company to announce earnings of ($0.05) per share and revenue of $0.20 million for the quarter.

Quantum Computing (NASDAQ:QUBT - Get Free Report) last issued its quarterly earnings results on Thursday, March 20th. The company reported ($0.47) earnings per share for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.42). The firm had revenue of $0.06 million during the quarter, compared to analyst estimates of $0.20 million. During the same quarter last year, the firm earned ($0.09) EPS.

Quantum Computing Stock Down 0.9 %

Shares of Quantum Computing stock traded down $0.07 during midday trading on Thursday, hitting $7.94. The company had a trading volume of 10,643,947 shares, compared to its average volume of 15,894,290. The stock has a market cap of $1.09 billion, a price-to-earnings ratio of -27.38 and a beta of 3.26. Quantum Computing has a 12-month low of $0.35 and a 12-month high of $27.15. The company has a fifty day simple moving average of $8.10 and a 200 day simple moving average of $6.53.

Insider Transactions at Quantum Computing

In other news, insider Yuping Huang sold 200,000 shares of the firm's stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $8.48, for a total value of $1,696,000.00. Following the completion of the transaction, the insider now directly owns 24,051,256 shares in the company, valued at $203,954,650.88. This trade represents a 0.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 31.10% of the company's stock.

Quantum Computing Company Profile

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.