Quantum Computing (NASDAQ:QUBT) Trading 7.8% Higher

Quantum Computing Inc. (NASDAQ:QUBT)’s stock price traded up 7.8% during trading on Tuesday . The stock traded as high as $0.77 and last traded at $0.76. 1,448,265 shares changed hands during mid-day trading, a decline of 5% from the average session volume of 1,528,579 shares. The stock had previously closed at $0.70.

Quantum Computing Price Performance

The company has a market capitalization of $69.16 million, a PE ratio of -2.23 and a beta of 1.43. The firm has a 50-day simple moving average of $0.93 and a 200 day simple moving average of $0.87.

Institutional Trading of Quantum Computing

An institutional investor recently bought a new position in Quantum Computing stock. Independence Bank of Kentucky bought a new position in shares of Quantum Computing Inc. (NASDAQ:QUBT) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 25,350 shares of the company’s stock, valued at approximately $25,000. 4.26% of the stock is currently owned by hedge funds and other institutional investors.

Quantum Computing Company Profile

Quantum Computing Inc, an integrated photonics company, offers accessible and affordable quantum machines. The company offers Dirac systems are portable, low power, and room temperature qubit and qudit entropy quantum computers (EQC); reservoir computing; remote sensing; and single photon imaging. It also provides Quantum random number generator (uQRNG), a portable device that provides genuine random numbers directly from quantum processes; and quantum authentication which eliminates vulnerabilities inherent in classical cryptographic schemes by offering a comprehensive entanglement-based quantum cyber solution that seamlessly integrates into existing telecom fiber and communication infrastructure.