Quantum Computing Inc (QUBT) Down -71.09% From Its 52-Week High, But Growth Potential Is Changing Over Time

Quantum Computing Inc (NASDAQ:QUBT) currently has a daily average trading volume of 26.09M but it saw 13303573 shares traded in last market. With a market cap of 1.08B USD, the company’s current market price of $7.85 came rising about 1.16 while comparing to the previous closing price of $7.76. 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 $7.4707 while lowest mark touched by it was $8.29.

Taking a look at 20-day trading activity of Quantum Computing Inc (QUBT) gives us an average price of $7.11, while its current price level is -71.09% below from 52-week high level whereas it is 2111.89% 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 $7.90 while that of 200 days or SMA-200 reads an average of $4.71. A closer look into the stock’s movement over the week reveals that its volatility is standing at 12.99% during that period while stretching the period over a month that increases to 13.81%. 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 52.00 which implies that the stock is in neutral territory.

Over the week, QUBT’s stock price is moving -2.00% down while it is 49.24% when we observe its performance for the past one month. Year-to-date it is -52.57% down and over the past year, the stock is showing an upside performance of 685.00%.

Currently, Quantum Computing Inc’s total number of outstanding shares is 129.01M. Company’s return on investment (ROI) stands at -63.19% and return on equity (ROE) at -77.89%. Stock’s beta reads 3.72. Stock has a price to book (P/B) ratio of 9.44 while price to sale or P/S ratio amounts to 2911.82. Its return on asset (ROA) is -60.15% on average.