Do Analysts Think Quantum Computing Inc (QUBT) Is Still Worth Buying In 2024?

Quantum Computing Inc (NASDAQ:QUBT) does about 1.37M shares in volume on a normal day but saw 1251780 shares change hands in Friday’s trading. The company now has a market cap of 58.47M USD. Its current market price is $0.64, marking a decrease of -6.57% compared to the previous close of $0.69. The 52 week high reached by this stock is $1.81 whilst the lowest price level in 52 weeks is $0.63.

Quantum Computing Inc (QUBT) has a 20-day trading average at $0.7342 and the current price is -64.64% off the 52-week high compared with 0.96% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.7883 and its 200-day simple moving average is $0.8984. If we look at the stock’s price movements over the week, volatility stands at 4.35%, which increases to 6.43% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 28.06 to suggest the stock is oversold.

The consensus objective for the share price is $8.25, suggesting that the stock has a potential upside of 92.24% over the period.

Quantum Computing Inc (QUBT) stock is down -11.55% over the week and -15.79% over the past month. Its price is -29.91% year-to-date and -53.62% over the past year.

To reach the target analysts have set, the stock logically needs to grow 92.24 percent from here.

The company has a return on investment of -40.12% and return on equity of -40.13%. The beta has a value of 1.81. Price to book ratio is 0.68 and price to sales ratio is 162.42.