A new trading day began on Friday, with Quantum Computing Inc (NASDAQ: QUBT) stock price down -20.58% from the previous day of trading, before settling in for the closing price of $0.63. QUBT’s price has ranged from $0.57 to $1.63 over the past 52 weeks.
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During the last 5-year period, the sales growth of Technology Sector giant was 32.79%. Meanwhile, its annual earnings per share averaged 18.42%. With a float of $65.30 million, this company’s outstanding shares have now reached $77.45 million.
Let’s determine the extent of company efficiency that accounts for 39 employees.
Quantum Computing Inc (QUBT) Breakdown of a Key Holders of the stock
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 28.53%, while institutional ownership is 4.06%. 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) Recent Fiscal highlights
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 2.38. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 176.54.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.37, 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)
Looking closely at Quantum Computing Inc (NASDAQ: QUBT), its last 5-days average volume was 0.88 million, which is a drop from its year-to-date volume of 1.26 million. As of the previous 9 days, the stock’s Stochastic %D was 61.88%. Additionally, its Average True Range was 0.05.
During the past 100 days, Quantum Computing Inc’s (QUBT) raw stochastic average was set at 0.00%, which indicates a significant increase from 0.00% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 110.06% in the past 14 days, which was higher than the 87.00% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.7104, while its 200-day Moving Average is $0.8548. However, in the short run, Quantum Computing Inc’s stock first resistance to watch stands at $0.5741. Second resistance stands at $0.6459. The third major resistance level sits at $0.6817. If the price goes on to break the first support level at $0.4665, it is likely to go to the next support level at $0.4307. Now, if the price goes above the second support level, the third support stands at $0.3589.
Quantum Computing Inc (NASDAQ: QUBT) Key Stats
With a market capitalization of 45.90 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.
