A new trading day began on Monday, with Quantum Computing Inc (NASDAQ: QUBT) stock price up 6.22% from the previous day of trading, before settling in for the closing price of $0.75. QUBT’s price has ranged from $0.63 to $1.81 over the past 52 weeks.
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A company in the Technology sector has jumped its sales by 32.79% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged 18.42%. With a float of $59.67 million, this company’s outstanding shares have now reached $77.45 million.
In an organization with 39 employees, it is important to assess its efficiency.
Quantum Computing Inc (QUBT) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Computer Hardware Industry. The insider ownership of Quantum Computing Inc is 34.69%, while institutional ownership is 3.49%. The most recent insider transaction that took place on Sep 27 ’23, was worth 16,500. In this transaction President, CEO of this company sold 15,000 shares at a rate of $1.10, taking the stock ownership to the 896,055 shares. Before that another transaction happened on Aug 25 ’23, when Company’s President, CEO sold 15,000 for $1.22, making the entire transaction worth $18,300. This insider now owns 911,055 shares in total.
Quantum Computing Inc (QUBT) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around 18.42% per share during the next fiscal year.
Quantum Computing Inc (NASDAQ: QUBT) Trading Performance Indicators
Here are Quantum Computing Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.67. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 202.82.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.43, a number that is poised to hit -0.08 in the next quarter and is forecasted to reach -0.31 in one year’s time.
Technical Analysis of Quantum Computing Inc (QUBT)
Let’s dig in a bit further. During the last 5-days, its volume was 0.91 million. That was inferior than the volume of 1.49 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 63.32%. Additionally, its Average True Range was 0.07.
During the past 100 days, Quantum Computing Inc’s (QUBT) raw stochastic average was set at 18.62%, which indicates a significant decrease from 52.05% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 72.46% in the past 14 days, which was lower than the 84.99% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.9183, while its 200-day Moving Average is $0.9685. However, in the short run, Quantum Computing Inc’s stock first resistance to watch stands at $0.8280. Second resistance stands at $0.8569. The third major resistance level sits at $0.8947. If the price goes on to break the first support level at $0.7613, it is likely to go to the next support level at $0.7235. The third support level lies at $0.6946 if the price breaches the second support level.
Quantum Computing Inc (NASDAQ: QUBT) Key Stats
With a market capitalization of 73.01 million, the company has a total of 91,358K Shares Outstanding. Currently, annual sales are 358 K while annual income is -29,731 K. The company’s previous quarter sales were 75 K while its latest quarter income was -8,306 K.
