Mission Wealth Management LP purchased a new position in shares of Quantum Computing Inc. (NASDAQ:QUBT – Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 120,000 shares of the company’s stock, valued at approximately $1,986,000. Mission Wealth Management LP owned about 0.09% of Quantum Computing at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of QUBT. SBI Securities Co. Ltd. acquired a new position in Quantum Computing during the fourth quarter worth $1,602,000. Modera Wealth Management LLC purchased a new stake in shares of Quantum Computing in the 4th quarter valued at $662,000. Jacobi Capital Management LLC purchased a new stake in Quantum Computing during the fourth quarter worth about $280,000. Cutter & CO Brokerage Inc. acquired a new stake in Quantum Computing during the 4th quarter worth approximately $535,000. Finally, IFP Advisors Inc acquired a new stake in shares of Quantum Computing in the fourth quarter valued at $33,000. Hedge funds and other institutional investors own 4.26% of the company’s stock.
Analyst Upgrades and Downgrades
Separately, Ascendiant Capital Markets raised their target price on shares of Quantum Computing from $8.25 to $8.50 and gave the company a “buy” rating in a report on Wednesday, November 13th.
Quantum Computing Stock Performance
QUBT opened at $5.43 on Tuesday. Quantum Computing Inc. has a one year low of $0.35 and a one year high of $27.15. The company has a market cap of $744.87 million, a P/E ratio of -18.72 and a beta of 2.75. The business’s 50-day simple moving average is $11.09 and its 200-day simple moving average is $5.82.
Quantum Computing Profile
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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