Quantum Computing Inc [NASDAQ: QUBT] stock went on a downward path that fall over -6.69% on Friday, amounting to a one-week price decrease of less than -9.04%.
Over the last 12 months, QUBT stock rose by 1925.46%. The one-year Quantum Computing Inc stock forecast points to a potential downside of -105.88. The average equity rating for QUBT stock is currently 1.00, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $2.11 billion, with 128.96 million shares outstanding and 101.12 million shares in the current float. Compared to the average trading volume of 37.80M shares, QUBT stock reached a trading volume of 22347132 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Quantum Computing Inc [QUBT]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for QUBT shares is $8.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on QUBT stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
The Average True Range (ATR) for Quantum Computing Inc is set at 3.14, with the Price to Sales ratio for QUBT stock in the period of the last 12 months amounting to 5399.54. The Price to Book ratio for the last quarter was 27.34, with the Price to Cash per share for the same quarter was set at 0.03.
QUBT Stock Performance Analysis:
Quantum Computing Inc [QUBT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -9.04. With this latest performance, QUBT shares gained by 183.63% in over the last four-week period, additionally plugging by 2786.84% over the last 6 months – not to mention a rise of 1925.46% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for QUBT stock in for the last two-week period is set at 59.03, with the RSI for the last a single of trading hit 56.57, and the three-weeks RSI is set at 60.40 for Quantum Computing Inc [QUBT]. The present Moving Average for the last 50 days of trading for this stock 7.51, while it was recorded at 17.94 for the last single week of trading, and 2.42 for the last 200 days.
Insight into Quantum Computing Inc Fundamentals:
Quantum Computing Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.51 and a Current Ratio set at 1.61.
Quantum Computing Inc [QUBT] Institutonal Ownership Details
There are presently around $3.33%, or 4.26%% of QUBT stock, in the hands of institutional investors. The top three institutional holders of QUBT stocks are: VANGUARD GROUP INC with ownership of 2.23 million shares, which is approximately 2.7036%. GEODE CAPITAL MANAGEMENT, LLC, holding 0.62 million shares of the stock with an approximate value of $$0.31 million in QUBT stocks shares; and GEODE CAPITAL MANAGEMENT, LLC, currently with $$0.15 million in QUBT stock with ownership which is approximately 0.3555%.
