The stock of Quantum Computing Inc. (NASDAQ:QUBT) decreased by -$0.09 on Tuesday to finish at $1.11, down -7.50 percent. The last five days have seen an average of 2,202,560 shares of common stock traded. 13 times new highs were reached in the current year, with a fall of -$0.4000. The average number of shares traded over the last 20 days was 3,223,050, while the average volume over the last 50 days totaled 2,392,480.
QUBT stock dropped -17.78% since last month. On 08/15/23, the company’s shares reached a one-month low of $1.0900. The stock touched a high of $4.28 on 02/06/23, after rallying from a low of $1.04 in 52 weeks. The price of QUBT stock has declined by -26.49% or -$0.4000 this year, reaching a new high 13 times. Still, the stock price is down -74.04% from the 52-week high.
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Insider Transactions
QUBT stock investors should be aware that Quantum Computing Inc. (QUBT) stock had its last reported insider trading activity 19 days ago on Jul 28. On Jul 28, President, CEO Liscouski Robert sold 15,000 shares at $1.22 each. This transaction resulted in the insider making $18,300.
Valuation Metrics
Beta for the stock is 1.95. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 321.46, the price-to-book (PB) ratio of 0.87.
Financial Health
For the three months ended June 29, Quantum Computing Inc.’s quick ratio was 0.70, while its current ratio was 0.70, indicating its inability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 53.10% percent.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. QUBT’s return on assets (ROA) during the last 12 months has been -43.70%. There was a -44.10% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -48.90%.
Earnings Surprise
According to Quantum Computing Inc.’s quarterly financial report for the quarter that ended June 29. Net income for the quarter came in at $0.12 million, while revenues rose by 75.0% to $0.0. It was predicted that Quantum Computing Inc.’s quarterly earnings would be -$0.07, but it ended up being -$0.11, beating the consensus by 36.40%.
Technical Picture
Here’s a quick look at Quantum Computing Inc.’s (QUBT) price momentum from a technical perspective. As of 15 August, the RSI 9-day stood at 38.51%, suggesting the stock is Neutral, with a 67.63% historical volatility rate.
The stochastic %K and %D were 13.81% and 13.46% respectively, while the average true range (ATR) was 0.1204. Based on the 14-day stochastic reading of 3.70%, the RSI (14) reading is 41.44%. On the 9-day MACD Oscillator, the stock is at -0.0133, and the 14-day reading is at -0.0714.
Analyst Ratings
Analysts have assigned Quantum Computing Inc. (QUBT) an Buy rating. QUBT is a stock that is recommended for selling by 0 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 1 other recommend it as a buy.
What is QUBT’s price target for the next 12 months?
The current consensus forecast for the stock is between $9.50 and $9.50, with a median target price of $9.50. In analyzing these forecasts, the average price target given by analysts for Quantum Computing Inc. (QUBT) is $9.50.
