Quantum Computing (NASDAQ:QUBT) Trading 2.5% Higher - Here's Why

On Monday, shares of Quantum Computing Inc. (NASDAQ: QUBT) increased by 2.5%, trading at a peak price of $8.30 before settling at $8.66. During this period, about 2,497,714 shares changed hands, which is significantly lower than the average daily trading volume of 15,996,688 shares. The previous closing price for the stock was $8.45.

Performance Overview

The stock's 50-day moving average currently stands at $8.01, while its 200-day moving average is $6.68. Quantum Computing has a market capitalization of $1.07 billion, a price-to-earnings ratio of -26.75, and a beta of 3.26.

The company released its latest quarterly earnings results on March 20, revealing earnings of ($0.47) per share, falling short of the expected ($0.05) by $0.42. The revenue generated for that quarter was $0.06 million, below analysts' forecasts of $0.20 million. In the same period last year, the company had an earnings per share (EPS) of ($0.09).

Insider Transactions

In related developments, insider Yuping Huang conducted a sale of 200,000 shares of Quantum Computing on March 25 at an average price of $8.48, totaling approximately $1.7 million. After this transaction, Yuping Huang holds 24,051,256 shares, valued at around $203.95 million. This sale represented a 0.82% reduction in Huang's ownership of the company. This insider transaction has been documented in a filing with the Securities and Exchange Commission, which is publicly available. Notably, corporate insiders own about 31.10% of Quantum Computing's shares.

Institutional Investments

Recently, various hedge funds have adjusted their stakes in Quantum Computing. Alyeska Investment Group L.P. acquired a new position in the fourth quarter worth approximately $69.61 million. Similarly, Anson Funds Management LP added a new stake valued at $70.01 million. Vanguard Group Inc. increased its investment in Quantum Computing by 83.6% in the same quarter, now owning 4,186,729 shares valued at roughly $69.29 million after purchasing an additional 1,906,749 shares. Rockefeller Capital Management L.P. also bought a new stake valued at roughly $13.95 million, while Geode Capital Management LLC raised its holdings by 11% during the fourth quarter, now possessing 762,588 shares worth $12.63 million. Overall, 4.26% of Quantum Computing's stock is owned by institutional investors and hedge funds.

About Quantum Computing Inc.

Quantum Computing Inc. specializes in integrated photonics and aims to make quantum machines more accessible and affordable. They offer various products including Dirac systems, which are efficient and operate at room temperature, focusing on entropy quantum computing. The company also provides a portable quantum random number generator (uQRNG) that produces genuine random numbers directly from quantum processes and quantum authentication solutions that enhance security in telecommunications.

Investment Insights

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