Quantum Computing (NASDAQ:QUBT) Releases Earnings Results, Misses Estimates By $0.42 EPS

Quantum Computing (NASDAQ:QUBT) issued its earnings results on Thursday. The company reported ($0.47) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.42), RTT News reports. During the same period in the prior year, the business earned ($0.09) earnings per share.

Quantum Computing Stock Down 11.7 %

NASDAQ QUBT traded down $0.98 on Thursday, reaching $7.39. The company had a trading volume of 35,124,269 shares, compared to its average volume of 15,548,500. The stock has a market capitalization of $1.01 billion, a P/E ratio of -25.48 and a beta of 3.26. The company’s fifty day moving average is $8.19 and its 200 day moving average is $6.27. Quantum Computing has a 52-week low of $0.35 and a 52-week high of $27.15.

About Quantum Computing

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.