Risk-Taking Investors May Find Quantum Computing Inc (NASDAQ: QUBT) Worth A Gamble.

In today’s recent session, 1.07 million shares of the Quantum Computing Inc (NASDAQ:QUBT) have been traded, and its beta is 1.53. Most recently the company’s share price was $0.68, and it changed around -$0.04 or -4.64% from the last close, which brings the market valuation of the company to $62.54M. QUBT at last check was trading at a discount to its 52-week high of $1.81, offering almost -166.18% off that amount. The share price’s 52-week low was $0.63, which indicates that the recent value has risen by an impressive 7.35% since then. We note from Quantum Computing Inc’s average daily trading volume that its 3-month average coming to 1.72 million.

Quantum Computing Inc (NASDAQ:QUBT) trade information

Instantly QUBT has been showing red trend so far today with a performance of -4.64% on intraday trading today. The performance over the last five days has remained in the red territory. The company’s shares are currently down -25.04% year-to-date, but still down -9.22% over the last five days. On the other hand, Quantum Computing Inc (NASDAQ:QUBT) is -40.48% down in the 30-day period.

Quantum Computing Inc (QUBT) estimates and forecasts

Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 35.70% in revenue this quarter, and will report an increase of 42.90% in the next quarter. The year-over-year growth rate is expected to be 196.30%, up from the previous year.

Consensus estimates provided by 1 financial analysts predict the company will bring in an average of $100k in revenue for the current quarter. 1 analysts expect Quantum Computing Inc to make $100k in revenue for the quarter ending Mar 2024. The company’s sales for the same quarters a year ago were $2k and $120k respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 4,900.00%. Forecasts for the next quarter put sales growth at -16.70%.

Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 29.63%.