Quantum Computing (QUBT) to Release Earnings on Monday

Quantum Computing (NASDAQ:QUBT) will likely be posting its quarterly earnings results before the market opens on Monday, March 31st. Analysts expect Quantum Computing to post earnings of ($0.05) per share and revenue of $0.20 million for the quarter.

Quantum Computing (NASDAQ:QUBT) last announced its quarterly earnings data on Thursday, March 20th. The company reported ($0.47) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.42). The business had revenue of $0.06 million for the quarter, compared to analyst estimates of $0.20 million. During the same period in the prior year, the business posted ($0.09) earnings per share.

Quantum Computing Stock Performance

QUBT stock opened at $8.45 on Friday. The company’s fifty day moving average price is $8.01 and its 200-day moving average price is $6.59. Quantum Computing has a one year low of $0.35 and a one year high of $27.15. The company has a market capitalization of $1.16 billion, a PE ratio of -29.14 and a beta of 3.26.

Insiders Place Their Bets

In related news, insider Yuping Huang sold 200,000 shares of the stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $8.48, for a total transaction of $1,696,000.00. Following the completion of the transaction, the insider now directly owns 24,051,256 shares of the company’s stock, valued at approximately $203,954,650.88. This represents a 0.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 31.10% of the company’s stock.

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.