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Quantum Computing Inc (QUBT) – Don’t Believe the Hype: Check The Facts

Quantum Computing Inc (NASDAQ: QUBT) is 381.87% higher on its value in year-to-date trading and has touched a low of $0.35 and a high of $3.42 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The QUBT stock was last observed hovering at around $2.66 in the last trading session, with the day’s gains setting it 1.74%.

Currently trading at $4.40, the stock is 210.52% and 350.22% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 230.71 million and changing 65.41% at the moment leaves the stock 441.46% off its SMA200. QUBT registered 468.70% gain for a year compared to 6-month loss of 425.06%. The firm has a 50-day simple moving average (SMA 50) of $0.9017 and a 200-day simple moving average (SMA200) of $0.794685.

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The stock witnessed a 478.95% gain in the last 1 month and extending the period to 3 months gives it a 601.53%, and is 225.93% 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 46.92% over the week and 25.03% over the month.

Quantum Computing Inc (QUBT) has around 39 employees, a market worth around $435.98M and $0.39M in sales. Profit margin for the company is -6158.80%. Distance from 52-week low is 1139.79% and 28.65% from its 52-week high. The company has generated returns on investments over the last 12 months (-32.24%).

The EPS is expected to grow by 34.21% this year

41.0 institutions hold shares in Quantum Computing Inc (QUBT), with institutional investors hold 5.53% of the company’s shares. The shares outstanding are 77.45M, and float is at 72.25M with Short Float at 6.04%. Institutions hold 4.06% 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.

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