In the last trading session, 53.08 million shares of the Quantum Computing Inc (NASDAQ:QUBT) were traded, and its beta was 2.21. Most recently the company’s share price was $3.10, and it changed around -$1.3 or -29.55% from the last close, which brings the market valuation of the company to $216.42M. QUBT currently trades at a discount to its 52-week high of $4.69, offering almost -51.29% off that amount. The share price’s 52-week low was $0.35, which indicates that the current value has risen by an impressive 88.71% since then. We note from Quantum Computing Inc’s average daily trading volume that its 10-day average is 41.72 million shares, with the 3-month average coming to 6.69 million.
Quantum Computing Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 1 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 0 recommended QUBT as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. Quantum Computing Inc is expected to report earnings per share of -0.05 for the current quarter.
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Quantum Computing Inc (NASDAQ:QUBT) trade information
Instantly QUBT has showed a red trend with a performance of -29.55% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 4.69 on recent trading dayincreased the stock’s daily price by 33.9%. The company’s shares are currently up 239.50% year-to-date, but still up 116.78% over the last five days. On the other hand, Quantum Computing Inc (NASDAQ:QUBT) is 256.32% up in the 30-day period. We can see from the shorts that 4.36 million shares have been sold at a short interest cover period of 1.88 day(s).
Quantum Computing Inc (QUBT) estimates and forecasts
The year-over-year growth rate is expected to be 200.00%, up from the previous year.
Consensus estimates provided by 1 financial analysts predict the company will bring in an average of 200k in revenue for the current quarter. 1 analysts expect Quantum Computing Inc to make 500k in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 74.89k and 358.05k respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 167.06%. Forecasts for the next quarter put sales growth at 39.65%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 28.40%.
QUBT Dividends
Quantum Computing Inc’s next quarterly earnings report is expected to be released in December.
Quantum Computing Inc (NASDAQ:QUBT)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 26.55% of Quantum Computing Inc shares, and 4.00% of them are in the hands of institutional investors. The stock currently has a share float of 5.44%. Quantum Computing Inc stock is held by 36.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 2.7036% of the shares, which is about 2.23 million shares worth $1.12 million.
GEODE CAPITAL MANAGEMENT, LLC, with 0.7538% or 0.62 million shares worth $0.31 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
