Quantum Computing Inc (NASDAQ:QUBT) does about 1.46M shares in volume on a normal day but saw 4195200 shares change hands in the recent trading day. The company now has a market cap of 147.99M USD. Its current market price is $1.41, marking a decrease of -1.40% compared to the previous close of $1.43. The 52 week high reached by this stock is $1.65 whilst the lowest price level in 52 weeks is $0.35.
Quantum Computing Inc (QUBT) has a 20-day trading average at $1.1121 and the current price is -14.55% off the 52-week high compared with 297.30% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.8462 and its 200-day simple moving average is $0.7834. If we look at the stock’s price movements over the week, volatility stands at 19.65%, which decreases to 16.52% 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 68.54 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 82.91% over the period.
FactSet Research has provided data showing that 1 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 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.
The current price level is 26.79%, 66.63%, and 80.00% away from its SMA20, SMA50, and SMA200 respectively, with the QUBT price moving below the 50-day SMA on current market day. Quantum Computing Inc (QUBT) stock is up 34.29% over the week and 103.88% over the past month. Its price is 54.42% year-to-date and 88.25% over the past year.
The stock last released its quarterly earnings report for quarter ended 9/30/2024, with the company’s earnings per share (EPS) of -0.09 above consensus estimates by 0.01. The company’s next earnings report forecasts estimating quarterly EPS at 0 and 0 for whole year. Expected sales for next quarter are $400k, which analysts say will come at $1M for the current fiscal year and next year at $2.5M. In addition, estimates put the company’s current quarterly revenue at an average of $400k.
To reach the target analysts have set, the stock logically needs to grow 82.91 percent from here.
The company has a return on investment of -32.24% and return on equity of -31.13%. The beta has a value of 1.71. Price to book ratio is 2.20 and price to sales ratio is 379.45.
