Quantum Computing (NASDAQ:QUBT) Trading 7.8% Higher

Quantum Computing Inc. (NASDAQ:QUBT)’s stock price rose 7.8% during trading on Tuesday . The company traded as high as $0.77 and last traded at $0.76. Approximately 1,448,265 shares were traded during trading, a decline of 5% from the average daily volume of 1,528,579 shares. The stock had previously closed at $0.70.

Quantum Computing Trading Up 7.8 %

The stock’s fifty day moving average is $0.93 and its 200 day moving average is $0.87. The company has a market capitalization of $69.16 million, a P/E ratio of -2.23 and a beta of 1.43.

Institutional Investors Weigh In On Quantum Computing

An institutional investor recently bought a new position in Quantum Computing stock. Independence Bank of Kentucky acquired a new stake in shares of Quantum Computing Inc. (NASDAQ:QUBT) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 25,350 shares of the company’s stock, valued at approximately $25,000. 4.26% of the stock is owned by institutional investors and hedge funds.

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.