Quantum Computing Inc (NASDAQ:QUBT) At $0.70: What To Do?

In recent trading session, Quantum Computing Inc (NASDAQ:QUBT) saw 0.79 million shares changing hands at last check today with its beta currently measuring 1.70. Company’s recent per share price level of $0.70 trading at $0.02 or 3.21% at last check today assigns it a market valuation of $63.95M. That most recent trading price of QUBT’s stock is at a discount of -132.86% from its 52-week high price of $1.63 and is indicating a premium of 50.0% from its 52-week low price of $0.35. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.9 million shares which gives us an average trading volume of 951.41K if we extend that period to 3-months.

For Quantum Computing Inc (QUBT), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.00. Splitting up the data highlights that, out of 1 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.08 in the current quarter.

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Quantum Computing Inc (NASDAQ:QUBT) trade information

Upright in the green today for gaining 3.21%, in the last five days QUBT remained trading in the green while hitting it’s week-highest on Tuesday, 07/23/24 when the stock touched $0.70 price level, adding 3.67% to its value on the day. Quantum Computing Inc’s shares saw a change of -23.34% in year-to-date performance and have moved 4.63% in past 5-day. Quantum Computing Inc (NASDAQ:QUBT) showed a performance of 9.98% in past 30-days. Number of shares sold short was 2.65 million shares which calculate 2.12 days to cover the short interests.

Quantum Computing Inc (QUBT) estimates and forecasts

This year revenue growth is estimated to rise 179.30% from the last financial year’s standing.

1 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 200k for the same. And 1 analysts are in estimates of company making revenue of 300k in the next quarter. Company posted 112k and 50k of sales in current and next quarters respectively a year earlier.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 29.63% during past 5 years.

Quantum Computing Inc (NASDAQ:QUBT)’s Major holders

Insiders are in possession of 28.53% of company’s total shares while institution are holding 4.11 percent of that, with stock having share float percentage of 5.75%. Investors also watch the number of corporate investors in a company very closely, which is 4.11% institutions for Quantum Computing Inc that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at QUBT for having 1.66 million shares of worth $1.65 million. And as of 2024-03-31, it was holding 2.1462 of the company’s outstanding shares.

The second largest institutional holder is GEODE CAPITAL MANAGEMENT, LLC, which was holding about 0.51 million shares on 2024-03-31. The number of shares represents firm’s hold over 0.6643 of outstanding shares, having a total worth of $0.51 million.