Quantum Computing Inc (NASDAQ: QUBT) is -16.77% lower on its value in year-to-date trading and has touched a low of $0.35 and a high of $1.32 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 $0.71 in the last trading session, with the day’s gains setting it 0.05%.
Currently trading at $0.76, the stock is 10.50% and 15.37% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.9 million and changing 6.77% at the moment leaves the stock 0.50% off its SMA200. QUBT registered -19.32% loss for a year compared to 6-month loss of -4.52%. The firm has a 50-day simple moving average (SMA 50) of $0.65642 and a 200-day simple moving average (SMA200) of $0.757035.
The stock witnessed a 9.34% gain in the last 1 month and extending the period to 3 months gives it a 19.12%, and is 10.77% up 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 6.23% over the week and 6.87% over the month.
Quantum Computing Inc (QUBT) has around 39 employees, a market worth around $69.43M and $0.34M in sales. Profit margin for the company is -7863.38%. Distance from 52-week low is 114.14% and -42.42% from its 52-week high. The company has generated returns on investments over the last 12 months (-36.08%).
47.0 institutions hold shares in Quantum Computing Inc (QUBT), with institutional investors hold 6.24% of the company’s shares. The shares outstanding are 77.45M, and float is at 65.82M with Short Float at 4.47%. Institutions hold 4.44% 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.
