Spotting A Winner: Quantum Computing Inc (NASDAQ: QUBT) Advances 10.31 And It Still Have Room To Run

Quantum Computing Inc (NASDAQ:QUBT) currently has a daily average trading volume of 23.77M but it saw 15997879 shares traded in last market. With a market cap of 940.13M USD, the company’s current market price of $6.85 came rising about 10.31 while comparing to the previous closing price of $6.21. 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 $5.91 while lowest mark touched by it was $7.06.

Taking a look at 20-day trading activity of Quantum Computing Inc (QUBT) gives us an average price of $7.58, while its current price level is -74.77% below from 52-week high level whereas it is 1830.12% 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 $7.51 while that of 200 days or SMA-200 reads an average of $4.86. A closer look into the stock’s movement over the week reveals that its volatility is standing at 15.62% during that period while stretching the period over a month that decreases to 15.15%. 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 46.24 which implies that the stock is in neutral territory.

Over the week, QUBT’s stock price is moving -12.74% down while it is 44.82% when we observe its performance for the past one month. Year-to-date it is -58.61% down and over the past year, the stock is showing an upside performance of 659.93%.

Currently, Quantum Computing Inc’s total number of outstanding shares is 129.01M with 17.25% of that held by the insiders while 16.52% 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 3.63. Stock has a price to book (P/B) ratio of 8.24 while price to sale or P/S ratio amounts to 2540.88. Its return on asset (ROA) is -60.15% on average.