Quantum Computing (NASDAQ:QUBT) Shares Gap Down – Should You Sell?

Quantum Computing Inc. (NASDAQ:QUBT)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $8.02, but opened at $7.50. Quantum Computing shares last traded at $8.22, with a volume of 14,148,923 shares.

Quantum Computing Stock Up 13.9 %

The stock’s 50 day moving average price is $8.39 and its two-hundred day moving average price is $6.20. The stock has a market cap of $1.25 billion, a price-to-earnings ratio of -31.54 and a beta of 3.26.

Institutional Investors Weigh In On Quantum Computing

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC purchased a new stake in shares of Quantum Computing in the fourth quarter worth about $30,000. IFP Advisors Inc purchased a new stake in Quantum Computing in the 4th quarter worth approximately $33,000. Farther Finance Advisors LLC acquired a new stake in shares of Quantum Computing during the 4th quarter worth approximately $33,000. Archer Investment Corp purchased a new position in shares of Quantum Computing during the 4th quarter valued at approximately $33,000. Finally, Hollencrest Capital Management acquired a new position in shares of Quantum Computing in the 4th quarter valued at $41,000. 4.26% of the stock is owned by institutional investors and hedge funds.

About Quantum Computing

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.