Quantum Computing Inc (NASDAQ: QUBT) Shares Might Go Up 543.90% This Year

In the last trading session, 9.42 million shares of the Quantum Computing Inc (NASDAQ:QUBT) were traded, and its beta was 3.26. Most recently the company’s share price was $5.43, and it changed around -$0.64 or -10.47% from the last close, which brings the market valuation of the company to $744.86M. QUBT currently trades at a discount to its 52-week high of $27.15, offering almost -400.0% off that amount. The share price’s 52-week low was $0.35, which indicates that the current value has risen by an impressive 93.55% since then.

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 (NASDAQ:QUBT) trade information

Instantly QUBT has showed a red trend with a performance of -10.47% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 7.14 on recent trading dayincreased the stock’s daily price by 23.95%. The company’s shares are currently down -67.19% year-to-date, but still down -20.85% over the last five days. On the other hand, Quantum Computing Inc (NASDAQ:QUBT) is -45.70% down in the 30-day period.

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 April.

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.

Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund were the top two Mutual Funds as of Sep 30, 2024 . The former held 1.53 shares worth $8.33 million, making up 5.28% of all outstanding shares. On the other hand, Vanguard Extended Market Index Fund held roughly 695.63 shares worth around $3.78 million, which represents about 2.39% of the total shares outstanding.