Quantum Computing (NASDAQ:QUBT) Announces Earnings Results

Quantum Computing (NASDAQ:QUBT) announced its quarterly earnings data on Thursday. The company reported ($0.47) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.42), RTT News reports. During the same quarter in the previous year, the company posted ($0.09) earnings per share.

Quantum Computing Stock Performance

NASDAQ:QUBT traded down $0.98 during trading on Thursday, reaching $7.39. The company’s stock had a trading volume of 35,124,269 shares, compared to its average volume of 15,548,500. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of -25.48 and a beta of 3.26. The firm has a 50 day moving average of $8.19 and a 200-day moving average of $6.27. Quantum Computing has a 12 month low of $0.35 and a 12 month high of $27.15.

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.