The stock of Quantum Computing Inc (NASDAQ: QUBT) has increased by 4.39 when compared to last closing price of 4.76. Despite this, the company has experienced a 60.29% gain in its stock price over the last five trading sessions. prnewswire.com reported 2024-11-20 that HOBOKEN, N.J., Nov. 20, 2024 /PRNewswire/ — Quantum Computing Inc. (“QCi” or the “Company”) (Nasdaq: QUBT), an innovative, integrated photonics and quantum optics technology company, today announced the Company has received its second purchase order for its thin film lithium niobate (TFLN) photonic chip foundry from the University of Texas at Austin.
Is It Worth Investing in Quantum Computing Inc (NASDAQ: QUBT) Right Now?
QUBT has 36-month beta value of 2.27. Analysts have mixed views on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for QUBT is 72.51M, and currently, short sellers hold a 6.01% ratio of that float. The average trading volume of QUBT on November 22, 2024 was 11.95M shares.
QUBT’s Market Performance
The stock of Quantum Computing Inc (QUBT) has seen a 60.29% increase in the past week, with a 351.73% rise in the past month, and a 608.84% gain in the past quarter. The volatility ratio for the week is 27.96%, and the volatility levels for the past 30 days are at 27.15% for QUBT. The simple moving average for the past 20 days is 129.20% for QUBT’s stock, with a 453.80% simple moving average for the past 200 days.
QUBT Trading at 273.83% 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 -6.42% of loss for the given period.
Volatility was left at 27.15%, however, over the last 30 days, the volatility rate increased by 27.96%, as shares surge +362.39% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +621.13% upper at present.
During the last 5 trading sessions, QUBT rose by +62.58%, which changed the moving average for the period of 200-days by +585.81% in comparison to the 20-day moving average, which settled at $2.17. In addition, Quantum Computing Inc saw 444.19% 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:
- -64.85 for the present operating margin
- -21.4 for the gross margin
The net margin for Quantum Computing Inc stands at -67.53. The total capital return value is set at -0.34. Equity return is now at value -31.13, with -27.57 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 -13.68. The debt to equity ratio resting at 0.02. The interest coverage ratio of the stock is -31.31.
Currently, EBITDA for the company is -22.11 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 1232.02. The receivables turnover for the company is 6.13for trailing twelve months and the total asset turnover is 0.01. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.61.
Conclusion
To put it simply, Quantum Computing Inc (QUBT) has had a better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
