Quantum Computing Inc (NASDAQ:QUBT) does about 21.25M shares in volume on a normal day but saw 113561340 shares change hands in the recent trading day. The company now has a market cap of 1.38B USD. Its current market price is $11.08, marking an increase of 65.25% compared to the previous close of $6.70. The 52 week high reached by this stock is $9.20 whilst the lowest price level in 52 weeks is $0.35.
Quantum Computing Inc (QUBT) has a 20-day trading average at $6.39 and the current price is 20.43% off the 52-week high compared with 3022.01% distance from its 52-week low. The 50-day simple moving average of the closing price is $3.31 and its 200-day simple moving average is $1.38. If we look at the stock’s price movements over the week, volatility stands at 30.92%, which decreases to 27.69% 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 75.81 to suggest the stock is overbought.
The consensus objective for the share price is $8.50, suggesting that the stock has a potential downside of -30.35% 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 73.47%, 234.28%, and 701.84% 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 48.33% over the week and 151.82% over the past month. Its price is 1113.45% year-to-date and 1245.64% over the past year.
To reach the target analysts have set, the stock logically needs to shrink -30.35 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 3.14. Price to book ratio is 17.31 and price to sales ratio is 3540.78.
