Quantum Computing Inc. (NASDAQ:QUBT – Get Free Report) traded up 25.4% during trading on Friday . The company traded as high as $7.04 and last traded at $6.89. 21,180,084 shares changed hands during trading, an increase of 46% from the average session volume of 14,548,083 shares. The stock had previously closed at $5.49.
Quantum Computing Stock Performance
The company has a market capitalization of $972.58 million, a P/E ratio of -24.45 and a beta of 3.26. The stock has a 50 day moving average price of $8.59 and a 200 day moving average price of $6.11.
Institutional Investors Weigh In On Quantum Computing
Hedge funds have recently made changes to their positions in the business. Tower Research Capital LLC TRC bought a new stake in shares of Quantum Computing during the 4th quarter worth $30,000. Archer Investment Corp bought a new stake in Quantum Computing in the 4th quarter valued at about $33,000. IFP Advisors Inc bought a new stake in Quantum Computing in the 4th quarter valued at about $33,000. Farther Finance Advisors LLC bought a new stake in Quantum Computing in the 4th quarter valued at about $33,000. Finally, Virtu Financial LLC raised its stake in Quantum Computing by 377.7% in the 3rd quarter. Virtu Financial LLC now owns 60,557 shares of the company’s stock valued at $40,000 after acquiring an additional 47,880 shares during the period. 4.26% of the stock is currently owned by institutional investors.
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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