Stocks of Quantum Computing Inc. (NASDAQ:QUBT) traded higher last session on Wall Street, down -6.45% to $1.16.
According to the data, Quantum Computing Inc. (NASDAQ:QUBT) has 1 analysts covering its stock. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $9.50 and a low of $9.50, we find $9.50. Given the previous closing price of $1.24, this indicates a potential upside of 666.13 percent. QUBT stock price is now -13.70% away from the 50-day moving average and -27.47% away from the 200-day moving average. The market capitalization of the company currently stands at $71.94M.
A total of 0 analysts have issued a hold rating and 1 have given it a buy rating. Brokers who have rated the stock have averaged $9.50 as their price target over the next twelve months.
Insiders disposed of 71,445 shares of company stock worth roughly $82876.2 over the past 1 year. A total of 44.90% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in QUBT stock. A new stake in Quantum Computing Inc. shares was purchased by SG AMERICAS SECURITIES, LLC during the first quarter worth $211,000. TOWER RESEARCH CAPITAL LLC (TRC) invested $30,000 in shares of QUBT during the first quarter. In the first quarter, ATOM INVESTORS LP acquired a new stake in Quantum Computing Inc. valued at approximately $14,000. WORTH ASSET MANAGEMENT, LLC acquired a new stake in QUBT for approximately $1,000. In total, there are 40 active investors with 3.70% ownership of the company’s stock.
Thursday’s opening bell rang with an opening price of $1.2600 for Quantum Computing Inc. (NASDAQ: QUBT). During the past 12 months, Quantum Computing Inc. has had a low of $1.04 and a high of $4.30. As of last week, the company has a debt-to-equity ratio of 0.11, a current ratio of 0.70, and a quick ratio of 0.70. The fifty day moving average price for QUBT is $1.3407 and a two-hundred day moving average price translates $1.5935 for the stock.
The latest earnings results from Quantum Computing Inc. (NASDAQ: QUBT) was released for Mar, 2023. For the current quarter, analysts expect QUBT to generate $200k in revenue.
Quantum Computing Inc.(QUBT) Company Profile
Quantum Computing, Inc. focuses on providing software tools and applications for quantum computers in Virginia. The company offers Qatalyst, a platform that enables developers to create and execute quantum-ready applications on conventional computers, while being ready to run on quantum computers, as well as provides multiple quantum processing units, including Rigetti, Oxford Quantum Circuits and IonQ, QuEra, and Xanadu. It focuses on serving commercial enterprises and government entities. The company, formerly known as Innovative Beverage Group Holdings, Inc. Quantum Computing, Inc. was founded in 2018 and is based in Leesburg, Virginia.
