Are Analysts Too Bullish On Quantum Computing Inc (QUBT)

Quantum Computing Inc (NASDAQ:QUBT) currently has a daily average trading volume of 34.45M but it saw 26597148 shares traded in last market. With a market cap of 2.07B USD, the company’s current market price of $17.09 came falling about -6.02 while comparing to the previous closing price of $18.19. In past 52 weeks, the stock remained buoying in the range of price level as high as $27.15 and as low as $0.35. In the recent trading on the day, stock has struck highest price mark of $16.31 while lowest mark touched by it was $18.0.

Taking a look at 20-day trading activity of Quantum Computing Inc (QUBT) gives us an average price of $10.55, while its current price level is -37.03% below from 52-week high level whereas it is 4716.85% 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 $5.44 while that of 200 days or SMA-200 reads an average of $1.91. A closer look into the stock’s movement over the week reveals that its volatility is standing at 37.73% during that period while stretching the period over a month that decreases to 30.08%. 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 62.34 which implies that the stock is in neutral territory.

Over the week, QUBT’s stock price is moving 1.79% up while it is 180.16% when we observe its performance for the past one month. Year-to-date it is 1771.65% up and over the past year, the stock is showing an upside performance of 1798.89%.

The company is expected to be releasing its next quarterly report in January, for which analysts forecasted an EPS of -0.05 while estimate for next year EPS is -0.25. In next quarter, company is expected to be making quarterly sales of $300k as analysts are expecting the sales for current fiscal year at $500k and seeing the company making $1.5M in sales next year. Moreover, analysts are in estimates of $200k for current-quarter revenue.

Currently, Quantum Computing Inc’s total number of outstanding shares is 128.96M. Company’s return on investment (ROI) stands at -32.24% and return on equity (ROE) at -31.13%. Stock’s beta reads 2.93. Stock has a price to book (P/B) ratio of 26.71 while price to sale or P/S ratio amounts to 5312.56. Its return on asset (ROA) is -27.57% on average.