Quantum Computing (NASDAQ:QUBT) Stock Price Up 0.9%

Shares of Quantum Computing Inc. (NASDAQ:QUBT) shot up 0.9% during mid-day trading on Thursday . The company traded as high as $0.68 and last traded at $0.67. 226,524 shares changed hands during trading, a decline of 79% from the average session volume of 1,080,345 shares. The stock had previously closed at $0.66.

Quantum Computing Price Performance

The stock has a market capitalization of $60.97 million, a price-to-earnings ratio of -2.15 and a beta of 1.73. The business’s 50-day simple moving average is $0.65 and its two-hundred day simple moving average is $0.73.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of QUBT. Independence Bank of Kentucky bought a new stake in shares of Quantum Computing during the 1st quarter worth $25,000. TRUE Private Wealth Advisors boosted its position in shares of Quantum Computing by 318.1% in the second quarter. TRUE Private Wealth Advisors now owns 65,718 shares of the company’s stock valued at $33,000 after acquiring an additional 50,000 shares during the period. Virtu Financial LLC boosted its holdings in Quantum Computing by 17.7% in the 1st quarter. Virtu Financial LLC now owns 95,425 shares of the company’s stock valued at $94,000 after purchasing an additional 14,326 shares during the period. Finally, PEAK6 Investments LLC acquired a new stake in Quantum Computing during the first quarter worth about $129,000. 4.26% of the stock is owned by institutional investors and hedge funds.

Quantum Computing Company Profile

Quantum Computing Inc, an integrated photonics company, offers accessible and affordable quantum machines. The company offers Dirac systems are portable, low power, and room temperature qubit and qudit entropy quantum computers (EQC); reservoir computing; remote sensing; and single photon imaging. It also provides Quantum random number generator (uQRNG), a portable device that provides genuine random numbers directly from quantum processes; and quantum authentication which eliminates vulnerabilities inherent in classical cryptographic schemes by offering a comprehensive entanglement-based quantum cyber solution that seamlessly integrates into existing telecom fiber and communication infrastructure.