Quantum Computing Inc. (NASDAQ:QUBT – Get Free Report) was the recipient of some unusual options trading activity on Friday. Traders acquired 69,109 call options on the company. This is an increase of 31% compared to the average daily volume of 52,594 call options.
Quantum Computing Trading Up 3.0%
Shares of QUBT opened at $17.29 on Friday. The firm has a market capitalization of $2.44 billion, a P/E ratio of -36.02 and a beta of 3.85. Quantum Computing has a 12-month low of $0.35 and a 12-month high of $27.15. The firm has a fifty day moving average price of $12.14 and a 200-day moving average price of $10.50.
Quantum Computing (NASDAQ:QUBT – Get Free Report) last issued its earnings results on Thursday, May 15th. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.18. The company had revenue of $0.04 million for the quarter, compared to analysts’ expectations of $0.30 million.
Insider Activity at Quantum Computing
Institutional Trading of Quantum Computing
A number of large investors have recently made changes to their positions in the stock. Rhumbline Advisers purchased a new stake in shares of Quantum Computing during the first quarter valued at $28,000. GK Wealth Management LLC purchased a new stake in shares of Quantum Computing during the first quarter valued at $88,000. Intrua Financial LLC purchased a new stake in shares of Quantum Computing during the first quarter valued at $385,000. Goldman Sachs Group Inc. boosted its stake in shares of Quantum Computing by 0.7% during the first quarter. Goldman Sachs Group Inc. now owns 326,278 shares of the company’s stock valued at $2,610,000 after purchasing an additional 2,280 shares during the period. Finally, PharVision Advisers LLC bought a new stake in shares of Quantum Computing in the first quarter valued at about $171,000. 4.26% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several research analysts have commented on the stock. Wall Street Zen raised shares of Quantum Computing from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 22nd. Ascendiant Capital Markets lifted their price objective on shares of Quantum Computing from $14.00 to $22.00 and gave the stock a “buy” rating in a research note on Friday, June 6th.
Read Our Latest Analysis on QUBT
Quantum Computing Company Profile
Quantum Computing Inc, an integrated photonics company, offers accessible and affordable quantum machines. The company offers Dirac systems are portable, low power, and room temperature qubit and qudit entropy quantum computers (EQC); reservoir computing; remote sensing; and single photon imaging. It also provides Quantum random number generator (uQRNG), a portable device that provides genuine random numbers directly from quantum processes; and quantum authentication which eliminates vulnerabilities inherent in classical cryptographic schemes by offering a comprehensive entanglement-based quantum cyber solution that seamlessly integrates into existing telecom fiber and communication infrastructure.
Featured Articles
- Five stocks we like better than Quantum Computing
- Using the MarketBeat Stock Split Calculator
- Apple: The Mag 7’s Dead Money Stock or AI Cash Cow in the Making?
- Find and Profitably Trade Stocks at 52-Week Lows
- Value Alert: 3 High-Yield Stocks Trading at 52-Week Lows
- What does consumer price index measure?
- Nektar Jumps 157% on Drug Trial Data—Can It Go Even Higher?
Receive News & Ratings for Quantum Computing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Quantum Computing and related companies with MarketBeat.com's FREE daily email newsletter.