Quantum Computing Inc (NASDAQ: QUBT) Increases 23.42% Over A Month, But Analysts Still See Upside Potential

Quantum Computing Inc (NASDAQ:QUBT) currently has a daily average trading volume of 27.17M but it saw 15427828 shares traded in last market. With a market cap of 1.10B USD, the company’s current market price of $8.01 came falling about -5.54 while comparing to the previous closing price of $8.48. 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 $7.8 while lowest mark touched by it was $8.88.

Taking a look at 20-day trading activity of Quantum Computing Inc (QUBT) gives us an average price of $6.52, while its current price level is -70.50% below from 52-week high level whereas it is 2156.97% 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 $8.12 while that of 200 days or SMA-200 reads an average of $4.53. A closer look into the stock’s movement over the week reveals that its volatility is standing at 15.75% during that period while stretching the period over a month that decreases to 13.36%. 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 53.92 which implies that the stock is in neutral territory.

Over the week, QUBT’s stock price is moving -4.30% down while it is 23.42% when we observe its performance for the past one month. Year-to-date it is -51.60% down and over the past year, the stock is showing an upside performance of 648.60%.

The company is expected to be releasing its next quarterly report on 2024-Nov-05, for which analysts forecasted an EPS of -0.05 while estimate for next year EPS is -0.21. Moreover, analysts are in estimates of $300k for current-quarter revenue.

Currently, Quantum Computing Inc’s total number of outstanding shares is 129.01M with 19.44% of that held by the insiders while 16.49% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -63.19% and return on equity (ROE) at -77.89%. Stock’s beta reads 3.08. Stock has a price to book (P/B) ratio of 9.63 while price to sale or P/S ratio amounts to 2971.15. Its return on asset (ROA) is -60.15% on average.