Quantum Computing Inc (NASDAQ: QUBT) is -29.18% lower on its value in year-to-date trading and has touched a low of $0.35 and a high of $1.37 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The QUBT stock was last observed hovering at around $0.66 in the last trading session, with the day’s loss setting it -0.01%.
Currently trading at $0.65, the stock is 2.57% and 3.43% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.16 million and changing -1.72% at the moment leaves the stock -17.79% off its SMA200. QUBT registered -47.85% loss for a year compared to 6-month loss of -24.13%.
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The stock witnessed a 1.06% gain in the last 1 month and extending the period to 3 months gives it a -10.63%, and is -6.26% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.73% over the week and 7.68% over the month.
Quantum Computing Inc (QUBT) has around 39 employees, a market worth around $59.08M and $0.26M in sales. Profit margin for the company is -10621.73%. Distance from 52-week low is 82.22% and -52.80% from its 52-week high. The company has generated returns on investments over the last 12 months (-35.15%).
with sales reaching $200k over the same period., but quarterly earnings will post 179.30% year-over-year. Quarterly sales are estimated to grow 78.60% in year-over-year returns.
Quantum Computing Inc (QUBT) Top Institutional Holders
49.0 institutions hold shares in Quantum Computing Inc (QUBT), with institutional investors hold 5.99% of the company’s shares. The shares outstanding are 77.45M, and float is at 65.30M with Short Float at 4.10%. Institutions hold 4.33% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 2.23 million shares valued at $1.12 million. The investor’s holdings represent 2.7036% of the QUBT Shares outstanding. As of 2024-06-30, the second largest holder is GEODE CAPITAL MANAGEMENT, LLC with 0.62 million shares valued at $$0.31 million to account for 0.7538 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 0.29 million shares representing 0.3555% and valued at over $0.15 million, while STATE STREET CORP holds 0.248 of the shares totaling 0.2 million with a market value of $0.1 million.
Quantum Computing Inc (QUBT) Insider Activity
The most recent transaction is an insider sale by Liscouski Robert,the company’sPresident, CEO. SEC filings show that Liscouski Robert sold 15,000 shares of the company’s common stock on Sep 27 ’23 at a price of $1.10 per share for a total of $16500.0. Following the sale, the insider now owns 0.9 million shares.
