Quantum Computing Inc [NASDAQ: QUBT] gained 32379862% or 24909980.91 points to close at $24910000.0 with a heavy trading volume of 32379862 shares.
It opened the trading session at $20.06, the shares rose to $20.34 and dropped to $18.83, the range by which the price of stock traded the whole day. The daily chart for QUBT points out that the company has recorded 70.40% gains over the past six months.
If we look at the average trading volume of 24.91M shares, QUBT reached to a volume of 32379862 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about 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 $22.00 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 Price to Book ratio for the last quarter was 11.74, with the Price to Cash per share for the same quarter was set at 1.18.
Trading performance analysis for QUBT stock
Quantum Computing Inc [QUBT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 7.82. With this latest performance, QUBT shares gained by 64.03% in over the last four-week period, additionally plugging by 70.40% over the last 6 months – not to mention a rise of 14.08% in the past year of trading.
Quantum Computing Inc [QUBT]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Quantum Computing Inc [QUBT] shares currently have an operating margin of -7248.05% and a Gross Margin at -990.91%. Quantum Computing Inc’s Net Margin is presently recorded at -11720.52%.
Return on Equity for this stock declined to -28.05%, with Return on Assets sitting at -28.05%.
An analysis of Institutional ownership at Quantum Computing Inc [QUBT]
There are presently around $15.71%, or 19.36%% 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 2.3836%. 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 0.3134%.
