With 6.6 million shares changed hands, the volume of the stock remained lighter than its average volume of 36.98 million shares. The 52-week range on QUBT shows that it touched its highest point at $27.15 and its lowest point at $0.35 during that stretch. It currently has a 1-year price target of $8.50. Beta for the stock currently stands at 3.29.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of QUBT was down-trending over the past week, with a drop of -10.08%, but this was down by -49.03% over a month. Three-month performance dropped to -34.85% while six-month performance rose 698.31%. The stock gained 434.52% in the past year, while it has lost -71.42% so far this year. A look at the trailing 12-month EPS for QUBT yields -0.28 with Next year EPS estimates of -0.21. For the next quarter, that number is -0.05. This implies an EPS growth rate of 34.21% for this year and 16.00% for next year.
Float and Shares Shorts:
At present, 137.18 million QUBT shares are outstanding with a float of 111.31 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for QUBT since 1 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$0.25 being high and -$0.25 being low. For QUBT, this leads to a yearly average estimate of -$0.25. Based on analyst estimates, the high estimate for the next quarter is -$0.05 and the low estimate is -$0.05. The average estimate for the next quarter is thus -$0.05.
