Quantum Computing Inc (NASDAQ:QUBT) traded with a subtraction of -$0.02 to $1.09 on Thursday, a downside of -2.25 percent. An average of 450,160 shares of common stock have been traded in the last five days. There was a fall of -$0.0400 in the past week, and it reached a new high 5 times over the past 12 months. The last 20 days have seen an average of 863,155 shares traded, while the 50-day average volume stands at 1,856,618.
QUBT stock has decreased by -11.79% in the last month. The company shares reached their 1-month lowest point of $1.0600 on 09/28/23. With the stock rallying to its 52-week high on 02/06/23, shares of the company touched a low of $1.04 and a high of $3.49 in 52 weeks. It has reached a new high 13 times so far this year and lost -28.15% or -$0.4200 in price. In spite of this, the price is down -68.91% 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 34 days ago on Aug 25. In this transaction, the insider spent $18,300. President, CEO, Liscouski Robert, disposed of 15,000 shares at a price of $1.22 on Jul 28. The insider now owns more than $18,300 worth of shares.
Valuation Metrics
Quantum Computing Inc (QUBT) has a trailing price-to-earnings (P/E) ratio of N/A for the broader industry. The stock’s beta is 1.97. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 298.58, the price-to-book (PB) ratio at 0.95.
Financial Health
The quick ratio of Quantum Computing Inc for the three months ended June 29 was 0.68, and the current ratio was 0.68, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.10 for the quarter ending June 29. Quantum Computing Inc’s EBITDA margin for the year ending June 29 is -24533.10%, while its operating margin for the same period stands at -13513.52%.
Earnings Surprise
The company posted a net income of -$4.64 million in the quarter, while revenues of -$8.51 million were shrunk -9.91%. The analyst consensus anticipated Quantum Computing Inc’s latest quarter earnings to come in at -$0.11 per share, but it turned out to be -$0.07, a 36.40% surprise. At the end of the quarter ending June 29, Quantum Computing Inc’s stock balance sheet showed total debt was $7.73 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Quantum Computing Inc (QUBT) price momentum. RSI 9-day as of the close on 27 September was 35.61%, suggesting the stock is Neutral, with historical volatility in this time frame at 41.07%.
As of today, QUBT’s price is $1.0900 -3.54% or -$0.0400 from its 5-day moving average. QUBT is currently trading -12.10% lower than its 20-day SMA and -1.80% lower than its 100-day SMA. However, the stock’s current price level is -18.66% below the SMA50 and -46.31% below the SMA200.
The stochastic %K and %D were 8.78% and 7.34%, respectively, and the average true range (ATR) was 0.0617. With the 14-day stochastic at 9.68% and the average true range at 0.0697, the RSI (14) stands at 39.49%. The stock has reached -0.0211 on the 9-day MACD Oscillator while the 14-day reading was at -0.0800.
