Quantum Computing Inc (NASDAQ: QUBT) 52-Week High Located At $1.63, Forget The Dips, Just Ride The Rips

Quantum Computing Inc (NASDAQ:QUBT) does about 998.78K shares in volume on a normal day but saw 719625 shares change hands in the recent trading day. The company now has a market cap of 52.39M USD. Its current market price is $0.57, marking an increase of 1.74% compared to the previous close of $0.56. The 52 week high reached by this stock is $1.63 whilst the lowest price level in 52 weeks is $0.35.

Quantum Computing Inc (QUBT) has a 20-day trading average at $0.5908 and the current price is -64.82% off the 52-week high compared with 61.57% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.6840 and its 200-day simple moving average is $0.8345. If we look at the stock’s price movements over the week, volatility stands at 17.93%, which decreases to 10.74% 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 45.87 to suggest the stock is neutral.

The consensus objective for the share price is $8.25, suggesting that the stock has a potential upside of 93.09% over the period.

1 analysts have rated it as a buy and 0 have advised that investors hold their positions. The consensus recommendation rating is Buy and Wall Street’s advice is for investors to Strong Buy the stock.

Quantum Computing Inc (QUBT) stock is up 36.36% over the week and -16.29% over the past month. Its price is -37.20% year-to-date and -54.49% over the past year.

To reach the target analysts have set, the stock logically needs to grow 93.09 percent from here.

The company has a return on investment of -35.15% and return on equity of -36.02%. The beta has a value of 1.76. Price to book ratio is 0.66 and price to sales ratio is 201.48.