Quantum Computing Inc (NASDAQ: QUBT) has experienced a decline in its stock price by -7.71 compared to its previous closing price of 0.66. However, the company has seen a fall of -10.44% in its stock price over the last five trading days. prnewswire.com reported 2024-08-22 that HOBOKEN, N.J., Aug. 22, 2024 /PRNewswire/ — Quantum Computing Inc. (NASDAQ: QUBT) (“QCi” or the “Company”), an innovative quantum optics and nanophotonics technology company, today announced that it received a notice (the “Notice”) from Nasdaq Stock Market LLC (“Nasdaq”) that the Company had failed to satisfy a standard for continued listing, Nasdaq Listing Rule 5250(c)(1), because the Company did not timely file its Quarterly Report on Form 10-Q for the period ended June 30, 2024 (the “Form 10-Q”) with the Securities and Exchange Commission (the “SEC”).
Is It Worth Investing in Quantum Computing Inc (NASDAQ: QUBT) Right Now?
The stock has a 36-month beta value of 1.73. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for QUBT is 65.30M, and at present, short sellers hold a 4.10% of that float. On August 29, 2024, the average trading volume of QUBT was 845.12K shares.
QUBT’s Market Performance
The stock of Quantum Computing Inc (QUBT) has seen a -10.44% decrease in the past week, with a -8.14% drop in the past month, and a -16.33% fall in the past quarter. The volatility ratio for the week is 6.63%, and the volatility levels for the past 30 days are at 7.94% for QUBT. The simple moving average for the past 20 days is -3.83% for QUBT’s stock, with a -22.68% simple moving average for the past 200 days.
QUBT Trading at -2.52% 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 -55.55% of loss for the given period.
Volatility was left at 7.94%, however, over the last 30 days, the volatility rate increased by 6.63%, as shares sank -10.70% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.44% lower at present.
During the last 5 trading sessions, QUBT fell by -10.44%, which changed the moving average for the period of 200-days by -18.69% in comparison to the 20-day moving average, which settled at $0.6296. In addition, Quantum Computing Inc saw -33.30% 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.
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 191.99. 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 sum up, Quantum Computing Inc (QUBT) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. 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.
