Quantum Computing Inc. (NASDAQ:QUBT) saw a downside of -2.94% to $1.15 after subtracting -$0.04 on Tuesday. The 5-day average trading volume is 1,108,813 shares of the company’s common stock. It has gained $1.1904 in the past week and touched a new high 3 times within the past 5 days. An average of 3,156,683 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,278,475.
QUBT’s 1-month performance is -10.47% or -$0.1400 on its low of $1.0600 reached on 08/18/23. The company’s shares have touched a 52-week low of $1.04 and high of $3.49, with the stock’s rally to the 52-week high happening on 02/06/23. YTD, QUBT has lost -23.51% or -$0.3600 and has reached a new high 13 times. However, the current price is down -66.91% from the 52-week high price.
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Insider Transactions
QUBT stock investors last saw insider trading activity on Jul 28.Liscouski Robert (President, CEO) most recently sold 15,000 shares at $1.22 per share on Jul 28. This transaction cost the insider $18,300.
Valuation Metrics
QUBT stock has a beta of 1.95. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 403.27 while the price-to-book (PB) in the most recent quarter is 1.01.
In terms of profitability, the gross margin trailing 12 months is 53.10%. The trailing 12-month EBITDA margin is -24533.10%.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income shrunk -9.91% to -$4.64 million, while revenue of -$8.51 million was -83.41% off the previous quarter. Analysts expected QUBT to announce -$0.11 per share in earnings in its latest quarter, but it posted -$0.07, representing a 36.40% surprise.
Let’s look briefly at Quantum Computing Inc. (QUBT) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 21 August was 45.06% to suggest the stock is trending Neutral, with historical volatility in this time period at 67.27%.
The stock’s 5-day moving average is $1.1400, reflecting a +3.60% or $0.0400 change from its current price. QUBT is currently trading -8.00% above its 20-day SMA, -2.54% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -24.34% and SMA200 by-43.63%.
Stochastic %K and %D was 24.27% and 16.86% and the average true range (ATR) pointed at 0.0953. The RSI (14) points at 45.15%, while the 14-day stochastic is at 25.71% with the period’s ATR at 0.1064. The stock’s 9-day MACD Oscillator is pointing at 0.0178 and -0.0012 on the 14-day charts.
