Quantum Computing Inc. (NASDAQ:QUBT – Get Free Report) was up 5.8% on Thursday . The company traded as high as $1.13 and last traded at $1.10. Approximately 1,871,011 shares traded hands during mid-day trading, an increase of 68% from the average daily volume of 1,116,255 shares. The stock had previously closed at $1.04.
Quantum Computing Stock Down 0.9 %
The firm has a market capitalization of $103.70 million, a price-to-earnings ratio of -3.41 and a beta of 1.74. The stock’s 50 day moving average price is $0.72 and its two-hundred day moving average price is $0.70.
Quantum Computing (NASDAQ:QUBT – Get Free Report) last issued its quarterly earnings data on Wednesday, October 2nd. The company reported ($0.06) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.02. The business had revenue of $0.18 million during the quarter.
Institutional Inflows and Outflows
Quantum Computing Company Profile
Quantum Computing Inc, an integrated photonics company, offers accessible and affordable quantum machines. The company offers Dirac systems are portable, low power, and room temperature qubit and qudit entropy quantum computers (EQC); reservoir computing; remote sensing; and single photon imaging. It also provides Quantum random number generator (uQRNG), a portable device that provides genuine random numbers directly from quantum processes; and quantum authentication which eliminates vulnerabilities inherent in classical cryptographic schemes by offering a comprehensive entanglement-based quantum cyber solution that seamlessly integrates into existing telecom fiber and communication infrastructure.
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