Quantum Computing Inc (NASDAQ: QUBT) is -47.13% 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 $7.39 in the last trading session, with the day’s gains setting it 1.36%.
Currently trading at $8.75, the stock is 37.51% and 8.00% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 23.67 million and changing 18.40% at the moment leaves the stock 96.61% off its SMA200. QUBT registered 605.65% gain for a year compared to 6-month gain of 1122.75%. The firm has a 50-day simple moving average (SMA 50) of $8.1022 and a 200-day simple moving average (SMA200) of $4.45041.
The stock witnessed a 16.82% loss in the last 1 month and extending the period to 3 months gives it a -65.93%, and is 9.10% 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 19.39% over the week and 13.15% over the month.
Quantum Computing Inc (QUBT) has around 41 employees, a market worth around $1.20B and $0.37M in sales. Profit margin for the company is -18375.87%. Distance from 52-week low is 2365.48% and -67.77% from its 52-week high. The company has generated returns on investments over the last 12 months (-63.19%).
with sales reaching $300k over the same period., but quarterly earnings will post 302.14% year-over-year. Quarterly sales are estimated to grow 997.69% in year-over-year returns.
Quantum Computing Inc (QUBT) Top Institutional Holders
136.0 institutions hold shares in Quantum Computing Inc (QUBT), with institutional investors hold 20.47% of the company’s shares. The shares outstanding are 129.01M, and float is at 111.37M with Short Float at 17.52%. Institutions hold 16.49% 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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