Market Momentum Report: Quantum Computing Inc (QUBT)’s Negative Close at 0.59

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The price of Quantum Computing Inc (NASDAQ: QUBT) closed at $0.59 in the last session, down -0.42% from day before closing price of $0.59. In other words, the price has decreased by -$0.42 from its previous closing price. On the day, 0.5 million shares were traded. QUBT stock price reached its highest trading level at $0.6099 during the session, while it also had its lowest trading level at $0.585.

Ratios:

We take a closer look at QUBT’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 2.38 and its Current Ratio is at 2.43. In the meantime, Its Debt-to-Equity ratio is 0.02 whereas as Long-Term Debt/Eq ratio is at 0.01.

Insider Transactions:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Sep 27 ’23 when Liscouski Robert sold 15,000 shares for $1.10 per share. The transaction valued at 16,500 led to the insider holds 896,055 shares of the business.

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 54167660 and an Enterprise Value of 49103792. For the stock, the TTM Price-to-Sale (P/S) ratio is 207.32 while its Price-to-Book (P/B) ratio in mrq is 0.68. Its current Enterprise Value per Revenue stands at 185.408 whereas that against EBITDA is -1.928.

Stock Price History:

Over the past 52 weeks, QUBT has reached a high of $1.37, while it has fallen to a 52-week low of $0.35. The 50-Day Moving Average of the stock is -5.88%, while the 200-Day Moving Average is calculated to be -24.67%.

Shares Statistics:

According to the various share statistics, QUBT traded on average about 814.27K shares per day over the past 3-months and 357910 shares per day over the past 10 days. A total of 77.45M shares are outstanding, with a floating share count of 65.30M. Insiders hold about 28.53% of the company’s shares, while institutions hold 4.53% stake in the company. Shares short for QUBT as of 1723680000 were 2675006 with a Short Ratio of 3.29, compared to 1721001600 on 2653676. Therefore, it implies a Short% of Shares Outstanding of 2675006 and a Short% of Float of 4.5300003.

Earnings Estimates

The stock of Quantum Computing Inc (QUBT) is currently drawing attention from 1.0 analysts actively involved in the ongoing evaluation and rating process.The consensus estimate for the next quarter is -$0.08, with high estimates of -$0.08 and low estimates of -$0.08.

Analysts are recommending an EPS of between -$0.31 and -$0.31 for the fiscal current year, implying an average EPS of -$0.31. EPS for the following year is -$0.31, with 1.0 analysts recommending between -$0.31 and -$0.31.

Revenue Estimates

According to 1 analysts, the current quarter’s revenue is expected to be $200k. It ranges from a high estimate of $200k to a low estimate of $200k. As of the current estimate, Quantum Computing Inc’s year-ago sales were $112kFor the next quarter, 1 analysts are estimating revenue of $300k. There is a high estimate of $300k for the next quarter, whereas the lowest estimate is $300k.

A total of 1 analysts have provided revenue estimates for QUBT’s current fiscal year. The highest revenue estimate was $1M, while the lowest revenue estimate was $1M, resulting in an average revenue estimate of $1M. In the same quarter a year ago, actual revenue was $358kBased on 1 analysts’ estimates, the company’s revenue will be $2.5M in the next fiscal year. The high estimate is $2.5M and the low estimate is $2.5M.

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