Virtu Financial LLC boosted its stake in shares of Quantum Computing Inc. (NASDAQ:QUBT - Free Report) by 377.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 60,557 shares of the company's stock after acquiring an additional 47,880 shares during the quarter. Virtu Financial LLC owned about 0.06% of Quantum Computing worth $40,000 as of its most recent SEC filing.
Separately, XTX Topco Ltd purchased a new position in shares of Quantum Computing in the 3rd quarter worth approximately $46,000. 4.26% of the stock is owned by hedge funds and other institutional investors.
Separately, Ascendiant Capital Markets raised their price target on Quantum Computing from $8.25 to $8.50 and gave the stock a "buy" rating in a research report on Wednesday, November 13th.
Check Out Our Latest Analysis on QUBT
QUBT stock opened at $17.62 on Friday. Quantum Computing Inc. has a 12 month low of $0.35 and a 12 month high of $27.15. The stock has a market cap of $2.10 billion, a PE ratio of -60.76 and a beta of 3.11. The company has a 50-day moving average price of $4.55 and a 200 day moving average price of $2.00.
Quantum Computing (NASDAQ:QUBT - Get Free Report) last released its earnings results on Wednesday, October 2nd. The company reported ($0.06) EPS for the quarter, beating analysts' consensus estimates of ($0.08) by $0.02. The business had revenue of $0.18 million for the quarter.
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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