Quantum Computing Inc (NASDAQ:QUBT) price on Thursday, December 26, rose 12.55% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $19.24.
A look at the stock’s price movement, the close in the last trading session was $17.09, moving within a range at $16.22 and $19.46. The beta value (5-Year monthly) was 1.634. Turning to its 52-week performance, $27.15 and $0.35 were the 52-week high and 52-week low respectively. Overall, QUBT moved 149.87% over the past month.
Quantum Computing Inc’s market cap currently stands at around $2.48 billion, with investors looking forward to this quarter’s earnings report slated for in January.
Analysts have a consensus estimate of 200k for the company’s revenue for the quarter, with a low and high estimate of 200k and 200k respectively. The average forecast suggests up to a 167.06% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 500k, representing a 39.65% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that QUBT is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
1 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 1 recommend QUBT as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
QUBT’s current price about 72.03% and 231.07% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 65.05, while 7-day volatility ratio is 30.87% and 29.08% in the 30-day chart. Further, Quantum Computing Inc (QUBT) has a beta value of 3.04, and an average true range (ATR) of 3.26.
If we refocus on Quantum Computing Inc (NASDAQ:QUBT), historical trading data shows that trading volumes averaged 94.51 over the past 10 days and 34.87 million over the past 3 months. The company’s latest data on shares outstanding shows there are 128.96 million shares.
The 21.59% of Quantum Computing Inc’s shares are in the hands of company insiders while institutional holders own 3.15% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 14.6 million on 2024-11-29, giving us a short ratio of 0.31. The data shows that as of 2024-11-29 short interest in Quantum Computing Inc (QUBT) stood at 1576.0 of shares outstanding, with shares short rising to 4.36 million registered in 2024-10-31. Current price change has pushed the stock 2007.11% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the QUBT stock continues to rise going into the next quarter.
