During the last session, Quantum Computing Inc (NASDAQ:QUBT)’s traded shares were 13.13 million, with the beta value of the company hitting 3.20. At the end of the trading day, the stock’s price was $8.26, reflecting an intraday gain of 4.96% or $0.39. The 52-week high for the QUBT share is $27.15, that puts it down -228.69 from that peak though still a striking 95.76% gain since the share price plummeted to a 52-week low of $0.35. The company’s market capitalization is $1.13B, and the average intraday trading volume over the past 10 days was 16.07 million shares, and the average trade volume was 51.97 million shares over the past three months.
Quantum Computing Inc (QUBT) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.00. QUBT has a Sell rating from 0 analyst(s) out of 1 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.05.
Quantum Computing Inc (NASDAQ:QUBT) trade information
Quantum Computing Inc (QUBT) registered a 4.96% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 4.96% in intraday trading to $8.26, hitting a weekly high. The stock’s 5-day price performance is -16.31%, and it has moved by 26.69% in 30 days. Based on these gigs, the overall price performance for the year is 1002.22%. The short interest in Quantum Computing Inc (NASDAQ:QUBT) is 25.14 million shares and it means that shorts have 0.66 day(s) to cover.
Quantum Computing Inc (QUBT) estimates and forecasts
In the rating firms’ projections, revenue will increase 39.65% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 200k as predicted by 1 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to 300k by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 74.89k and 27.33k respectively. In this case, analysts expect current quarter sales to grow by 167.06% and then jump by 997.69% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 28.40%. While earnings are projected to return 34.21% in 2025.
QUBT Dividends
Quantum Computing Inc is due to release its next quarterly earnings in March. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Quantum Computing Inc (NASDAQ:QUBT)’s Major holders
Quantum Computing Inc insiders own 19.47% of total outstanding shares while institutional holders control 5.94%, with the float percentage being 7.37%. VANGUARD GROUP INC is the largest shareholder of the company, while 92.0 institutions own stock in it. As of 2024-06-30, the company held over 2.23 million shares (or 2.7036% of all shares), a total value of $1.12 million in shares.
The next largest institutional holding, with 0.62 million shares, is of GEODE CAPITAL MANAGEMENT, LLC’s that is approximately 0.7538% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $0.31 million.
Also, the Mutual Funds coming in first place with the largest holdings of Quantum Computing Inc (QUBT) shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund . Data provided on Sep 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 1.53 shares. This amounts to just over 5.28 percent of the company’s overall shares, with a $12.67 million market value. The same data shows that the other fund manager holds slightly less at 695.63, or about 2.39% of the stock, which is worth about $5.75 million.
