Market Insights: Quantum Computing Inc (QUBT)’s Notable Drop of -13.46, Closing at 6.11

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As of close of business last night, Quantum Computing Inc’s stock clocked out at $6.11, down -13.46% from its previous closing price of $7.06. In other words, the price has decreased by -$13.46 from its previous closing price. On the day, 21.74 million shares were traded. QUBT stock price reached its highest trading level at $7.56 during the session, while it also had its lowest trading level at $6.11.

Ratios:

To gain a deeper understanding of QUBT’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.51 and its Current Ratio is at 1.61. In the meantime, Its Debt-to-Equity ratio is 0.12 whereas as Long-Term Debt/Eq ratio is at 0.12.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, QUBT now has a Market Capitalization of 722312000 and an Enterprise Value of 610165376. For the stock, the TTM Price-to-Sale (P/S) ratio is 1937.14 while its Price-to-Book (P/B) ratio in mrq is 9.54. Its current Enterprise Value per Revenue stands at 1580.739 whereas that against EBITDA is -30.114.

Stock Price History:

Over the past 52 weeks, QUBT has reached a high of $9.20, while it has fallen to a 52-week low of $0.35. The 50-Day Moving Average of the stock is 210.49%, while the 200-Day Moving Average is calculated to be 479.84%.

Shares Statistics:

It appears that QUBT traded 17.60M shares on average per day over the past three months and 69659460 shares per day over the past ten days. A total of 94.42M shares are outstanding, with a floating share count of 86.51M. Insiders hold about 26.82% of the company’s shares, while institutions hold 3.44% stake in the company. Shares short for QUBT as of 1731628800 were 11913200 with a Short Ratio of 0.68, compared to 1728950400 on 2960521. Therefore, it implies a Short% of Shares Outstanding of 11913200 and a Short% of Float of 15.540000000000001.

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