Quantum Computing Inc. (NASDAQ:QUBT – Get Free Report)’s stock price dropped 6.4% during mid-day trading on Wednesday . The stock traded as low as $0.64 and last traded at $0.66. Approximately 752,130 shares traded hands during trading, a decline of 41% from the average daily volume of 1,270,455 shares. The stock had previously closed at $0.70.
Quantum Computing Stock Up 8.6 %
The firm has a market capitalization of $67.28 million, a PE ratio of -2.38 and a beta of 1.77. The business’s 50-day moving average price is $0.65 and its 200-day moving average price is $0.79.
Quantum Computing (NASDAQ:QUBT – Get Free Report) last posted its earnings results on Tuesday, June 11th. The company reported ($0.08) earnings per share for the quarter. The company had revenue of $0.03 million during the quarter.
Hedge Funds Weigh In On Quantum Computing
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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