In the last trading session, 36.21 million Quantum Computing Inc (NASDAQ:QUBT) shares changed hands as the company’s beta touched 2.87. With the company’s per share price at $6.52 changed hands at -$2.46 or -27.39% during last session, the market valuation stood at $840.83M. QUBT’s last price was a discount, traded about -316.41% off its 52-week high of $27.15. The share price had its 52-week low at $0.35, which suggests the last value was 94.63% up since then. When we look at Quantum Computing Inc’s average trading volume, we note the 10-day average is 35.83 million shares, with the 3-month average coming to 41.70 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. Quantum Computing Inc’s EPS for the current quarter is expected to be -0.05.
Quantum Computing Inc (NASDAQ:QUBT) trade information
Instantly QUBT was in red as seen at the end of in last trading. With action -62.74%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -60.60%, with the 5-day performance at -62.74% in the red. However, in the 30-day time frame, Quantum Computing Inc (NASDAQ:QUBT) is -14.44% down. Looking at the short shares, we see there were 12.99 million shares sold at short interest cover period of 0.23 days.
Quantum Computing Inc (QUBT) estimates and forecasts
Year-over-year growth is forecast to reach 39.65% up from the last financial year.
Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of 200k. 1 analysts are of the opinion that Quantum Computing Inc’s revenue for the current quarter will be 300k. The company’s revenue for the corresponding quarters a year ago was 74.89k and 27.33k respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 167.06%. The estimates for the next quarter sales put growth at 997.69%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 28.40%. The 2025 estimates are for Quantum Computing Inc earnings to increase by 34.21%.
QUBT Dividends
Quantum Computing Inc is expected to release its next quarterly earnings report in February.
Quantum Computing Inc (NASDAQ:QUBT)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 20.40% of Quantum Computing Inc shares while 3.11% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 3.90%. There are 3.11% 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.
Among Mutual Funds, the top two as of Sep 30, 2024 were Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund . With 1.53 shares estimated at $10.0 million under it, the former controlled 5.28% of total outstanding shares. On the other hand, Vanguard Extended Market Index Fund held about 2.39% of the shares, roughly 695.63 shares worth around $4.54 million.
