It’s Not A Fantasy To Think That Quantum Computing Inc (QUBT) Has Big Future Potential

Quantum Computing Inc (NASDAQ:QUBT) currently has a daily average trading volume of 15.77M but it saw 4021954 shares traded in last market. With a market cap of 971.69M USD, the company’s current market price of $7.08 remained unchanged while comparing to the previous closing price of $7.08. 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.

Taking a look at 20-day trading activity of Quantum Computing Inc (QUBT) gives us an average price of $6.84, while its current price level is -73.92% below from 52-week high level whereas it is 1894.93% 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 $6.82 while that of 200 days or SMA-200 reads an average of $5.46. A closer look into the stock’s movement over the week reveals that its volatility is standing at 7.17% during that period while stretching the period over a month that increases to 8.74%. 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 50.49 which implies that the stock is in neutral territory.

Over the week, QUBT’s stock price is moving 5.04% up while it is 4.58% when we observe its performance for the past one month. Year-to-date it is -57.22% down and over the past year, the stock is showing an upside performance of 822.12%.

The company is expected to be releasing its next quarterly report in June, for which analysts forecasted an EPS of -0.07 while estimate for next year EPS is -0.26. In next quarter, company is expected to be making quarterly sales of $100k as analysts are expecting the sales for current fiscal year at $700k and seeing the company making $1.5M in sales next year. Moreover, analysts are in estimates of $100k for current-quarter revenue.

Currently, Quantum Computing Inc’s total number of outstanding shares is 129.01M with 18.27% of that held by the insiders while 17.55% 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 3.72. Stock has a price to book (P/B) ratio of 8.51 while price to sale or P/S ratio amounts to 2626.19. Its return on asset (ROA) is -60.15% on average.

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