With 18.86 million shares changed hands, the volume of the stock remained lighter than its average volume of 26.21 million shares. During the session, the Computer Hardware company that operates in wider Technology sector, reached to the highest price of $8.4 whereas the lowest price it dropped to was $7.35. 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 3.00.
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 -8.49%, but this was up by 42.91% over a month. Three-month performance dropped to -57.71% while six-month performance rose 1062.72%. The stock gained 683.76% in the past year, while it has lost -53.11% so far this year.
Float and Shares Shorts:
At present, 129.01 million QUBT shares are outstanding with a float of 111.25 million shares on hand for trading. On 2025-03-14, short shares totaled 21.2 million, which was 1546.0 higher than short shares on 1739491200. In addition to Dr. Yuping Huang Ph.D. as the firm’s Chairman & Chief Quantum Officer, Dr. William J. McGann Ph.D. serves as its CEO & President.
Institutional Ownership:
Through their ownership of 0.16490999 of QUBT’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-12-31, QUBT reported revenue of $62000.0 and operating income of -$8914000.0. The EBITDA in the recently reported quarter was -$47947000.0 and diluted EPS was $nan.
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. With QUBT analysts setting a high price target of 8.5 and a low target of 8.5, the average target price over the next 12 months is 8.5. Based on these targets, QUBT could surge 9.54% to reach the target high and rise by 9.54% to reach the target low. Reaching the average price target will result in a growth of 9.54% from current levels.
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.
