Quantum Computing Inc (NASDAQ:QUBT) shares, rose in value on Wednesday, April 16, with the stock price down by -6.15% to the previous day’s close as strong demand from buyers drove the stock to $6.41.
Actively observing the price movement in the last trading, the stock closed the session at $6.83, falling within a range of $6.28 and $6.7. The value of beta (5-year monthly) was 2.999. 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 -25.72% over the past month.
With the market capitalization of Quantum Computing Inc currently standing at about $879.74 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Mar-19.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.5M, with a low estimate of 300k and a high estimate of 300k. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 300k.
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 Hold on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a Hold.
The stock’s technical analysis shows that the price of QUBT currently trading nearly -13.29% and -10.76% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 42.69, while the 7-day volatility ratio is showing 7.97% which for the 30-day chart, stands at 13.10%. Furthermore, Quantum Computing Inc (QUBT)’s beta value is 3.75, and its average true range (ATR) is 0.89.
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 -6.15% in last session, and over the past year, it grew by 750.13%%.
Data on historical trading for Quantum Computing Inc (NASDAQ:QUBT) indicates that the trading volumes over the past 10 days have averaged 10.31 and over the past 3 months, they’ve averaged 20.61 million. According to company’s latest data on outstanding shares, there are 129.01 million shares outstanding.
Nearly 18.27% of Quantum Computing Inc’s shares belong to company insiders and institutional investors own 16.79% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 23.62 million shares as on 2025-03-31, resulting in a short ratio of 0.98. According to the data, the short interest in Quantum Computing Inc (QUBT) stood at 2096.00 of shares outstanding as of 2025-03-31; the number of short shares registered in 2025-02-28 reached 19.51 million. The stock has fallen by -61.27% 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.
