At the last check on Thursday, Quantum Computing Inc.’s (NASDAQ:QUBT) stock was down -$0.04, moving down -3.63 percent to $1.20. The average number of shares traded per day over the past five days has been 948,535 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.0050 fall in that time frame. In the last twenty days, the average volume was 1,604,784, while in the previous 50 days, it was 2,217,198.
Since last month, QUBT stock retreated -11.48%. Shares of the company fell to $1.0600 on 08/18/23, the lowest level in the past month. A 52-week high of $3.49 was reached on 02/06/23 after having rallying from a 52-week low of $1.04. Since the beginning of this year, QUBT’s stock price has dropped by -20.86% or -$0.3150, and marked a new high 13 times. However, the stock has declined by -65.76% since its 52-week high.
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QUBT stock investors should be aware that Quantum Computing Inc. (QUBT) stock had its last reported insider trading activity 6 days ago on Aug 25. Liscouski Robert, the President, CEO of the company, disposed of 15,000 shares for $1.22 on Aug 25. It resulted in a $18,300 divestment by the insider. Liscouski Robert sold 15,000 shares at an average price of $1.22 on Jul 28. The insider now owns 926,055 shares following the transaction.
Valuation Metrics
The stock’s beta is 1.94. Besides these, the trailing price-to-sales (P/S) ratio of 288.87, the price-to-book (PB) ratio of 1.05.
Financial Health
In the three months ended June 29, Quantum Computing Inc.’s quick ratio stood at 0.70, while its current ratio was 0.70, showing that the company is not able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 44.20% percent.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -44.10%. Return on equity (ROE) for the past 12 months was -50.50%.
QUBT’s revenue rose 36.36% to $0.12 million during the quarter, while net income inched up to $0.11 million. While analysts expected Quantum Computing Inc. to report -$0.11 quarterly earnings, the actual figure was -$0.07 per share, beating the consensus estimate by 36.40%.
Technical Picture
This quick technical analysis looks at Quantum Computing Inc.’s (QUBT) price momentum. With a historical volatility rate of 45.48%, the RSI 9-day stood at 47.15% on 30 August.
With respect to its five-day moving average, the current Quantum Computing Inc. price is down by -0.42% percent or -$0.0050. At present, QUBT shares trade -8.78% below its 20-day simple moving average and -12.77% percent below its 100-day simple moving average. However, the stock is currently trading approximately -14.95% below its SMA50 and -44.42% below its SMA200.
Stochastic coefficient K was 70.29% and Stochastic coefficient D was 77.05%, while ATR was 0.0808. Given the Stochastic reading of 58.70% for the 14-day period, the RSI (14) reading has been calculated as 47.49%.
Analyst Ratings
Quantum Computing Inc. (QUBT) has been rated Buy by analysts. According to 0 brokerage firms, QUBT is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Quantum Computing Inc. stock as buy, with 1 recommending it as overweight.
With a median target price of $9.00, the current consensus forecast for the stock is $9.00 – $9.00. Based on these forecasts, analysts predict Quantum Computing Inc. (QUBT) will achieve an average price target of $9.00.
