Quantum Computing Inc (NASDAQ:QUBT) price on Thursday, March 20, fall -11.71% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $7.39.
A look at the stock’s price movement, the close in the last trading session was $8.37, moving within a range at $7.06 and $8.37. The beta value (5-Year monthly) was 3.259. Turning to its 52-week performance, $27.15 and $0.35 were the 52-week high and 52-week low respectively. Overall, QUBT moved -7.16% over the past month.
Quantum Computing Inc’s market cap currently stands at around $1.01 billion, with investors looking forward to this quarter’s earnings report slated for on 2024-Nov-05.
Analysts have a consensus estimate of 300k for the company’s revenue for the quarter, with a low and high estimate of 300k and 300k respectively. The average forecast suggests up to a 997.69% 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 1.5M, representing a 302.14% 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 Hold. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% 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 17.80% and -11.26% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 51.42, while 7-day volatility ratio is 18.68% and 12.59% in the 30-day chart. Further, Quantum Computing Inc (QUBT) has a beta value of 3.02, and an average true range (ATR) of 1.05.
If we refocus on Quantum Computing Inc (NASDAQ:QUBT), historical trading data shows that trading volumes averaged 33.79 over the past 10 days and 29.43 million over the past 3 months. The company’s latest data on shares outstanding shows there are 137.18 million shares.
The 18.86% of Quantum Computing Inc’s shares are in the hands of company insiders while institutional holders own 15.85% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 19.51 million on 2025-02-28, giving us a short ratio of 1.35. The data shows that as of 2025-02-28 short interest in Quantum Computing Inc (QUBT) stood at 1748.0 of shares outstanding, with shares short falling to 25.14 million registered in 2025-01-31. Current price change has pushed the stock -55.35% 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.
