Home Computing Quantum Computing (NASDAQ:QUBT) Trading 2% Higher

Quantum Computing (NASDAQ:QUBT) Trading 2% Higher

Quantum Computing Inc. (NASDAQ:QUBT – Get Free Report)’s stock price traded up 2% during trading on Friday . The company traded as high as $0.75 and last traded at $0.75. 662,172 shares traded hands during mid-day trading, a decline of 7% from the average session volume of 708,368 shares. The stock had previously closed at $0.73.

Wall Street Analysts Forecast Growth

Separately, Ascendiant Capital Markets reduced their price objective on Quantum Computing from $9.00 to $8.75 and set a “buy” rating for the company in a research note on Friday, November 24th.

Get Our Latest Stock Report on QUBT

Quantum Computing Stock Up 2.0 %

The company has a 50 day moving average of $0.85 and a 200 day moving average of $0.97. The firm has a market cap of $56.28 million, a price-to-earnings ratio of -2.08 and a beta of 1.43.

Quantum Computing (NASDAQ:QUBT – Get Free Report) last issued its quarterly earnings data on Monday, November 13th. The company reported ($0.09) earnings per share (EPS) for the quarter. The firm had revenue of $0.05 million during the quarter.

Institutional Investors Weigh In On Quantum Computing

A number of institutional investors and hedge funds have recently modified their holdings of the stock. UBS Group AG increased its stake in shares of Quantum Computing by 27.8% in the second quarter. UBS Group AG now owns 16,693 shares of the company’s stock worth $40,000 after acquiring an additional 3,628 shares during the last quarter. Advisor Group Holdings Inc. raised its position in Quantum Computing by 1,894.4% in the fourth quarter. Advisor Group Holdings Inc. now owns 17,950 shares of the company’s stock worth $27,000 after purchasing an additional 17,050 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of Quantum Computing during the first quarter worth approximately $47,000. Tower Research Capital LLC TRC acquired a new stake in shares of Quantum Computing during the first quarter worth approximately $34,000. Finally, PEAK6 Investments LLC acquired a new stake in shares of Quantum Computing in the second quarter valued at approximately $70,000. Institutional investors and hedge funds own 3.95% of the company’s stock.

About Quantum Computing

(Get Free Report)

Quantum Computing Inc, a nanophotonic-based quantum technology company, offers affordable commercial applications. It delivers quantum solutions at speed and accuracy, at room temperatures, with little training, low power, and no unique environmental requirements. The company’s leverages its core technology throughout its product offerings of computing, sensing, and imaging solutions.

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