Quantum Computing Inc (NASDAQ: QUBT) Loses -80.00% From High. Why That Could Change?

Currently, there are 137.18M common shares owned by the public and among those 111.31M shares have been available to trade.

Insiders at the company have transacted a total of 0 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 0 of these insider trades were purchases, accounting for 0 shares. Insider sales of the common stock occurred on 0 occasions, with total insider shares sold totaling 0 shares.

The company’s stock has a 5-day price change of -20.85% and -18.35% over the past three months. QUBT shares are trading -67.19% year to date (YTD), with the 12-month market performance up to 543.90% higher. It has a 12-month low price of $0.35 and touched a high of $27.15 over the same period. QUBT has an average intraday trading volume of 38.00 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -31.44%, -52.68%, and 34.91% respectively.

Institutional ownership of Quantum Computing Inc (NASDAQ: QUBT) shares accounts for 15.84% of the company’s 137.18M shares outstanding.

It has a market capitalization of $744.86M and a beta (3y monthly) value of 3.26. The earnings-per-share (ttm) stands at -$0.28. Price movements for the stock have been influenced by the stock’s volatility, which stands at 11.33% over the week and 10.48% over the month.

Analysts forecast that Quantum Computing Inc (QUBT) will achieve an EPS of -0.05 for the current quarter, -0.05 for the next quarter and -0.21 for current fiscal year. The lowest estimate earnings-per-share for the quarter is -0.05 while analysts give the company a high EPS estimate of -0.05. Comparatively, EPS for the current quarter was -0.09 a year ago. Earnings per share for the fiscal year are expected to increase by 34.21%, and 16.00% over the next financial year.

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