Quantum Computing Inc (NASDAQ:QUBT) price closed higher on Friday, November 29, and jumping 4.59% above its previous close.
A look at the daily price movement shows that the last close reads $6.75, with intraday deals fluctuated between $6.15 and $7.22. The company’s 5Y monthly beta was ticking 1.634. Taking into account the 52-week price action we note that the stock hit a 52-week high of $9.20 and 52-week low of $0.35. The stock added 464.80% on its value in the past month.
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Quantum Computing Inc, which has a market valuation of $872.95 million, is expected to release its quarterly earnings report in January.
Technical indicators in stocks provide crucial insights into market trends, guiding investors with precise entry and exit points based on price movements for informed decision-making.On the technical perspective front, indicators give QUBT a short term outlook of 100% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 1 analysts have assigned QUBT a recommendation rating as follows: 0 rate it as a Hold; 1 advise Buy while 0 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the Quantum Computing Inc (QUBT) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Buy, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
The overview shows that QUBT’s price is at present 108.51% off the SMA20 and 279.90% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 73.78, with weekly volatility standing at 30.01%. The indicator jumps to 29.93% when calculated based on the past 30 days. Quantum Computing Inc (NASDAQ:QUBT)’s beta value is holding at 2.86, while the average true range (ATR) indicator is currently reading 1.03.
An analysis of the Quantum Computing Inc (NASDAQ:QUBT) stock in terms of its daily trading volume indicates that the 3-month average is 17.60 million. However, this figure increases on the past 10-day timeline to an average of 69.66 million.
Current records show that the company has 118.22M in outstanding shares. The insiders’ percentage holdings are 26.82% of outstanding shares while the percentage share held by institutions stands at 3.44%. The stats also highlight that short interest as of 2024-11-15, stood at 11.91 million shares, which puts the short ratio at the time at 0.61. From this we can glean that short interest is 1554.00 of company’s current outstanding shares. Notably, we see that shares short in November rose slightly given the previous month’s figure stood at 2.96 million. But the 673.19% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
