Quantum Computing Inc (NASDAQ:QUBT) traded at $10.20 at close of the session on Tuesday, January 28 and made an upward move of 2.62% on its previous day’s price.
Looking at the stock we see that its previous close was $9.94 and the beta (5Y monthly) reads 1.634 with the day’s price range being $9.26 – $10.36. In terms of its 52-week price range, QUBT has a high of $27.15 and a low of $0.35. The company’s stock has lost about -40.33% over that past 30 days.
Quantum Computing Inc has a market cap of $1.40 billion and is expected to release its quarterly earnings report in February.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 200k, with a low of 200k and a high of 200k. The median projection represents growth squeezing down to 167.06% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 500k, or 39.65% up from figures reported last year.
On the other hand, looking at the outlook for the QUBT stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of 50% Buy.
Based on estimates by 1 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 0 have rated the Quantum Computing Inc (QUBT) stock as a Hold, while 1 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note the current price level is -20.05% off its SMA20 and -2.45% from its 50-day simple moving average. The RSI (14) is pointing at 46.53 while the volatility over the past week is 13.81% and jumps to 20.14% over the past one month. The beta value is 2.76, while the average true range (ATR) is currently pointing at 2.49.
Coming back to Quantum Computing Inc (NASDAQ:QUBT), we note that the average 3-month trading volume was 49.99 million, while that of the preceding 10-day period stands at 49.09 million. Current shares outstanding are 137.18 million.
The insiders hold 19.79% of the company’s shares while institutions hold 3.19%. The data shows that short shares as of 2025-01-15, stood at 19.37 million at a short ratio of 0.27. This represents a 1737.00 short interest in shares outstanding on 2025-01-15. Shares short rose in January from the previous month at 12.99 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -38.37% down in year-to-date price movement.
