The stock of Quantum Computing Inc (NASDAQ: QUBT) has decreased by -7.08 when compared to last closing price of 1.13. Despite this, the company has experienced a -17.97% fall in its stock price over the last five trading sessions. prnewswire.com reported 2024-10-30 that HOBOKEN, N.J., Oct. 30, 2024 /PRNewswire/ — Quantum Computing Inc. (“QCi” or the “Company”) (Nasdaq: QUBT), an innovative, integrated photonics and quantum optics technology company, is pleased to announce significant progress as it approaches the final commissioning of its quantum photonic chip foundry, set to open in Q1 2025.
Is It Worth Investing in Quantum Computing Inc (NASDAQ: QUBT) Right Now?
Company’s 36-month beta value is 1.66.Analysts have differing opinions on the stock, with 1 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 69.37M, and currently, short sellers hold a 4.27% ratio of that floaft. The average trading volume of QUBT on November 05, 2024 was 1.16M shares.
QUBT’s Market Performance
The stock of Quantum Computing Inc (QUBT) has seen a -17.97% decrease in the past week, with a 50.13% rise in the past month, and a 63.02% gain in the past quarter. The volatility ratio for the week is 19.29%, and the volatility levels for the past 30 days are at 13.48% for QUBT. The simple moving average for the last 20 days is 8.84% for QUBT stock, with a simple moving average of 35.68% for the last 200 days.
QUBT Trading at 34.09% 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 -36.36% of loss for the given period.
Volatility was left at 13.48%, however, over the last 30 days, the volatility rate increased by 19.29%, as shares surge +45.87% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +52.20% upper at present.
During the last 5 trading sessions, QUBT fell by -17.97%, which changed the moving average for the period of 200-days by +26.51% in comparison to the 20-day moving average, which settled at $0.9647. In addition, Quantum Computing Inc saw 14.99% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for QUBT
Current profitability levels for the company are sitting at:
- -81.26 for the present operating margin
- -24.57 for the gross margin
The net margin for Quantum Computing Inc stands at -85.45. The total capital return value is set at -0.37. Equity return is now at value -34.17, with -30.99 for asset returns.
Based on Quantum Computing Inc (QUBT), the company’s capital structure generated 0.01 points at debt to capital in total, while cash flow to debt ratio is standing at -17.98. The debt to equity ratio resting at 0.01. The interest coverage ratio of the stock is -22.23.
Currently, EBITDA for the company is -25.26 million with net debt to EBITDA at 0.08. When we switch over and look at the enterprise to sales, we see a ratio of 292.21. The receivables turnover for the company is 0.96for 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 1.18.
Conclusion
In a nutshell, Quantum Computing Inc (QUBT) has experienced a better performance in recent times. The stock has received mixed “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.
