Quantum Computing Inc (NASDAQ: QUBT) is -51.54% lower on its value in year-to-date trading and has touched a low of $0.35 and a high of $27.15 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 $7.09 in the last trading session, with the day’s gains setting it 0.93%.
Currently trading at $8.02, the stock is 28.83% and -10.16% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 78.93 million and changing 13.12% at the moment leaves the stock 88.02% off its SMA200. QUBT registered 591.38% gain for a year compared to 6-month gain of 1029.58%. The firm has a 50-day simple moving average (SMA 50) of $8.9265 and a 200-day simple moving average (SMA200) of $4.265605.
The stock witnessed a -3.14% loss in the last 1 month and extending the period to 3 months gives it a 25.31%, and is 77.43% 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 13.01% over the week and 11.31% over the month.
Quantum Computing Inc (QUBT) has around 39 employees, a market worth around $1.10B and $0.39M in sales. Profit margin for the company is -6158.80%. Distance from 52-week low is 2159.79% and -70.46% 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.
Quantum Computing Inc (QUBT) Top Institutional Holders
134.0 institutions hold shares in Quantum Computing Inc (QUBT), with institutional investors hold 20.41% of the company’s shares. The shares outstanding are 137.18M, and float is at 111.31M with Short Float at 17.52%. Institutions hold 16.45% 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
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