Moreover, the 36-month beta value for QUBT is 1.73. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for QUBT is 65.30M and currently, short sellers hold a 4.40% of that float. On August 22, 2024, QUBT’s average trading volume was 868.56K shares.
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QUBT) stock’s latest price update
Quantum Computing Inc (NASDAQ: QUBT)’s stock price has gone rise by 10.70 in comparison to its previous close of 0.61, however, the company has experienced a 15.18% increase in its stock price over the last five trading days. prnewswire.com reported 2024-08-01 that HOBOKEN, N.J., Aug. 1, 2024 /PRNewswire/ — Quantum Computing Inc. (“QCi” or the “Company”) (Nasdaq: QUBT), an innovative, quantum optics and nanophotonics technology company, today released its July company newsletter containing a mid-year business update from its Chief Executive Officer, Dr. William McGann.
QUBT’s Market Performance
Quantum Computing Inc (QUBT) has experienced a 15.18% rise in stock performance for the past week, with a -2.86% drop in the past month, and a -7.67% drop in the past quarter. The volatility ratio for the week is 7.21%, and the volatility levels for the past 30 days are at 8.13% for QUBT. The simple moving average for the past 20 days is 7.18% for QUBT’s stock, with a -14.02% simple moving average for the past 200 days.
QUBT Trading at 9.40% from the 50-Day Moving Average
After a stumble in the market that brought QUBT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -50.36% of loss for the given period.
Volatility was left at 8.13%, however, over the last 30 days, the volatility rate increased by 7.21%, as shares surge +3.79% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.94% upper at present.
During the last 5 trading sessions, QUBT rose by +15.18%, which changed the moving average for the period of 200-days by -13.83% in comparison to the 20-day moving average, which settled at $0.6357. In addition, Quantum Computing Inc saw -25.53% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at QUBT starting from Liscouski Robert, who sale 15,000 shares at the price of $1.10 back on Sep 27 ’23. After this action, Liscouski Robert now owns 896,055 shares of Quantum Computing Inc, valued at $16,500 using the latest closing price.
Liscouski Robert, the President, CEO of Quantum Computing Inc, sale 15,000 shares at $1.22 during a trade that took place back on Aug 25 ’23, which means that Liscouski Robert is holding 911,055 shares at $18,300 based on the most recent closing price.
Stock Fundamentals for QUBT
Current profitability levels for the company are sitting at:
- -97.67 for the present operating margin
- -31.13 for the gross margin
The net margin for Quantum Computing Inc stands at -106.22. The total capital return value is set at -0.32. Equity return is now at value -36.02, with -32.60 for asset returns.
Based on Quantum Computing Inc (QUBT), the company’s capital structure generated 0.02 points at debt to capital in total, while cash flow to debt ratio is standing at -15.0. The debt to equity ratio resting at 0.02. The interest coverage ratio of the stock is -12.49.
Currently, EBITDA for the company is -25.26 million with net debt to EBITDA at 0.21. When we switch over and look at the enterprise to sales, we see a ratio of 216.48. The receivables turnover for the company is 0.44for trailing twelve months and the total asset turnover is 0.0. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.43.
Conclusion
To wrap up, the performance of Quantum Computing Inc (QUBT) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
