Quantum Computing Inc (NASDAQ:QUBT) shares, rose in value on Thursday, January 23, with the stock price up by 0.18% to the previous day’s close as strong demand from buyers drove the stock to $11.12.
Actively observing the price movement in the last trading, the stock closed the session at $11.10, falling within a range of $10.55 and $11.94. The value of beta (5-year monthly) was 1.634. Referring to stock’s 52-week performance, its high was $27.15, and the low was $0.35. On the whole, QUBT has fluctuated by -26.55% over the past month.
With the market capitalization of Quantum Computing Inc currently standing at about $1.43 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 500k, with a low estimate of 200k and a high estimate of 200k. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 200k.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that QUBT’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of QUBT currently trading nearly -20.18% and 12.10% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 48.43, while the 7-day volatility ratio is showing 16.23% which for the 30-day chart, stands at 21.61%. Furthermore, Quantum Computing Inc (QUBT)’s beta value is 2.72, and its average true range (ATR) is 2.76.
A comparison of Quantum Computing Inc (QUBT) with its peers suggests the former has fared considerably weaker in the market. QUBT showed an intraday change of 0.18% in last session, and over the past year, it grew by 1132.82%%.
Data on historical trading for Quantum Computing Inc (NASDAQ:QUBT) indicates that the trading volumes over the past 10 days have averaged 56.03 and over the past 3 months, they’ve averaged 48.94 million. According to company’s latest data on outstanding shares, there are 128.96 million shares outstanding.
Nearly 19.79% of Quantum Computing Inc’s shares belong to company insiders and institutional investors own 3.32% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 16.07 million shares as on 2024-12-31, resulting in a short ratio of 0.27. According to the data, the short interest in Quantum Computing Inc (QUBT) stood at 1555.00 of shares outstanding as of 2024-12-31; the number of short shares registered in 2024-11-29 reached 14.6 million. The stock has fallen by -32.81% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the QUBT stock heading into the next quarter.
