Should You Sell Quantum Computing Inc (QUBT) And Go Away This Year?

Quantum Computing Inc (NASDAQ:QUBT) currently has a daily average trading volume of 3.11M but it saw 230710825 shares traded in last market. With a market cap of 435.98M USD, the company’s current market price of $4.40 came rising about 65.41 while comparing to the previous closing price of $2.66. In past 52 weeks, the stock remained buoying in the range of price level as high as $3.42 and as low as $0.35. In the recent trading on the day, stock has struck highest price mark of $3.23 while lowest mark touched by it was $4.69.

Taking a look at 20-day trading activity of Quantum Computing Inc (QUBT) gives us an average price of $1.42, while its current price level is 28.65% below from 52-week high level whereas it is 1139.79% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $0.98 while that of 200 days or SMA-200 reads an average of $0.81. A closer look into the stock’s movement over the week reveals that its volatility is standing at 46.92% during that period while stretching the period over a month that decreases to 25.03%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 92.51 which implies that the stock is in overbought territory.

Over the week, QUBT’s stock price is moving 225.93% up while it is 478.95% when we observe its performance for the past one month. Year-to-date it is 381.87% up and over the past year, the stock is showing an upside performance of 468.70%.

Currently, Quantum Computing Inc’s total number of outstanding shares is 77.45M. Company’s return on investment (ROI) stands at -32.24% and return on equity (ROE) at -31.13%. Stock’s beta reads 1.96. Stock has a price to book (P/B) ratio of 6.87 while price to sale or P/S ratio amounts to 1117.90. Its return on asset (ROA) is -27.57% on average.