Those aspiring to outpace the market meticulously engage in the process of selecting individual stocks. Strategic choices can be instrumental in accelerating your wealth.
The closing price of Quantum Computing Inc (NASDAQ: QUBT) was $0.77 for the day, down -0.29% from the previous closing price of $0.77. In other words, the price has decreased by -$0.29 from its previous closing price. On the day, 0.73 million shares were traded. QUBT stock price reached its highest trading level at $0.8 during the session, while it also had its lowest trading level at $0.7544.
Ratios:
Our analysis of QUBT’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 0.67 and its Current Ratio is at 0.69. In the meantime, Its Debt-to-Equity ratio is 0.05 whereas as Long-Term Debt/Eq ratio is at 0.01.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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.
Liscouski Robert sold 15,000 shares of QUBT for $18,300 on Aug 25 ’23. The President, CEO now owns 911,055 shares after completing the transaction at $1.22 per share. On Jul 28 ’23, another insider, Liscouski Robert, who serves as the President, CEO of the company, sold 15,000 shares for $1.22 each. As a result, the insider received 18,300 and left with 926,055 shares of the company.
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 70144360 and an Enterprise Value of 71421824. For the stock, the TTM Price-to-Sale (P/S) ratio is 194.85 while its Price-to-Book (P/B) ratio in mrq is 0.81. Its current Enterprise Value per Revenue stands at 199.476 whereas that against EBITDA is -2.827.
Stock Price History:
The Beta on a monthly basis for QUBT is 1.76, which has changed by -0.3984375 over the last 52 weeks, in comparison to a change of 0.22379243 over the same period for the S&P500. Over the past 52 weeks, QUBT has reached a high of $1.81, while it has fallen to a 52-week low of $0.63. The 50-Day Moving Average of the stock is -15.91%, while the 200-Day Moving Average is calculated to be -20.01%.
Shares Statistics:
QUBT traded an average of 1.74M shares per day over the past three months and 923290 shares per day over the past ten days. A total of 77.45M shares are outstanding, with a floating share count of 59.65M. Insiders hold about 34.69% of the company’s shares, while institutions hold 3.48% stake in the company. Shares short for QUBT as of 1713139200 were 3207377 with a Short Ratio of 1.84, compared to 1710460800 on 3384733. Therefore, it implies a Short% of Shares Outstanding of 3207377 and a Short% of Float of 5.43.
