Shares of Quantum Computing Inc. (NASDAQ:QUBT – Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $8.02, but opened at $7.50. Quantum Computing shares last traded at $8.22, with a volume of 14,148,923 shares traded.
Quantum Computing Stock Performance
The firm’s 50-day moving average is $8.19 and its two-hundred day moving average is $6.27. The stock has a market cap of $1.15 billion, a P/E ratio of -28.86 and a beta of 3.26.
Institutional Trading of Quantum Computing
Institutional investors have recently bought and sold shares of the business. UNICOM Systems Inc. acquired a new stake in Quantum Computing during the 4th quarter worth $5,707,000. SBI Securities Co. Ltd. acquired a new stake in Quantum Computing during the 4th quarter worth $1,602,000. SG Americas Securities LLC acquired a new stake in Quantum Computing during the 4th quarter worth $626,000. Virtu Financial LLC grew its holdings in Quantum Computing by 377.7% during the 3rd quarter. Virtu Financial LLC now owns 60,557 shares of the company’s stock worth $40,000 after acquiring an additional 47,880 shares during the period. Finally, Janney Montgomery Scott LLC acquired a new stake in Quantum Computing during the 4th quarter worth $786,000. Institutional investors and hedge funds own 4.26% of the company’s stock.
About Quantum Computing
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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