Quantum Computing (QUBT) Expected to Announce Quarterly Earnings on Monday

Quantum Computing (NASDAQ:QUBT) is projected to issue its quarterly earnings data before the market opens on Monday, March 31st. Analysts expect the company to announce earnings of ($0.05) per share and revenue of $0.20 million for the quarter.

Quantum Computing (NASDAQ:QUBT) last issued its quarterly earnings results on Thursday, March 20th. The company reported ($0.47) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.42). The company had revenue of $0.06 million for the quarter, compared to the consensus estimate of $0.20 million. During the same quarter in the prior year, the business earned ($0.09) earnings per share.

Quantum Computing Stock Performance

NASDAQ QUBT opened at $8.45 on Friday. The company has a market capitalization of $1.16 billion, a PE ratio of -29.14 and a beta of 3.26. Quantum Computing has a 52-week low of $0.35 and a 52-week high of $27.15. The company has a 50-day simple moving average of $8.01 and a 200 day simple moving average of $6.64.

Insider Transactions at Quantum Computing

In related news, insider Yuping Huang sold 200,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $8.48, for a total value of $1,696,000.00. Following the transaction, the insider now owns 24,051,256 shares in the company, valued at approximately $203,954,650.88. This represents a 0.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 31.10% of the stock is currently owned by company insiders.

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.