Quantum Computing Inc. (NASDAQ:QUBT – Get Free Report) saw some unusual options trading activity on Monday. Investors purchased 81,028 call options on the stock. This is an increase of approximately 32% compared to the typical volume of 61,360 call options.
Quantum Computing Stock Up 13.1 %
QUBT traded up $0.93 during trading on Monday, hitting $8.02. The company had a trading volume of 78,827,509 shares, compared to its average volume of 14,987,365. The company has a market capitalization of $1.10 billion, a PE ratio of -27.66 and a beta of 3.26. Quantum Computing has a one year low of $0.35 and a one year high of $27.15. The firm’s 50-day moving average price is $8.59 and its 200 day moving average price is $6.15.
Institutional Investors Weigh In On Quantum Computing
Several institutional investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC bought a new stake in Quantum Computing during the 4th quarter worth about $30,000. IFP Advisors Inc bought a new position in Quantum Computing in the fourth quarter valued at approximately $33,000. Farther Finance Advisors LLC bought a new position in Quantum Computing in the fourth quarter valued at approximately $33,000. Archer Investment Corp bought a new position in Quantum Computing in the fourth quarter valued at approximately $33,000. Finally, Hollencrest Capital Management bought a new position in Quantum Computing in the fourth quarter valued at approximately $41,000. 4.26% of the stock is owned by institutional investors.
Quantum Computing Company Profile
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.
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