Quantum Computing Inc (NASDAQ: QUBT): Is It A Life-Changing Stock?

In the last trading session, 4.2 million Quantum Computing Inc (NASDAQ:QUBT) shares changed hands as the company’s beta touched 1.71. With the company’s per share price at $1.41 changed hands at -$0.02 or -1.40% during last session, the market valuation stood at $147.99M. QUBT’s last price was a discount, traded about -17.02% off its 52-week high of $1.65. The share price had its 52-week low at $0.35, which suggests the last value was 75.18% up since then. When we look at Quantum Computing Inc’s average trading volume, we note the 10-day average is 4.92 million shares, with the 3-month average coming to 1.46 million.

Analysts gave the Quantum Computing Inc (QUBT) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 1 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended QUBT as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight.

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Quantum Computing Inc (NASDAQ:QUBT) trade information

Instantly QUBT was in red as seen at the end of in last trading. With action 34.29%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 54.42%, with the 5-day performance at 34.29% in the green. However, in the 30-day time frame, Quantum Computing Inc (NASDAQ:QUBT) is 103.88% up. Looking at the short shares, we see there were 2.96 million shares sold at short interest cover period of 6.95 days.

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

If we look at who the major shareholders are, we find that insiders hold 27.65% of Quantum Computing Inc shares while 4.24% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 5.86%. There are 4.24% institutions holding the Quantum Computing Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 2.7036% of the shares, roughly 2.23 million QUBT shares worth $1.12 million.

GEODE CAPITAL MANAGEMENT, LLC holds the second largest percentage of outstanding shares, with 0.7538% or 0.62 million shares worth $0.31 million as of 2024-06-30.