Capital Advisors Inc. OK Takes $166,000 Position in Quantum Computing Inc. (NASDAQ:QUBT)

Capital Advisors Inc. OK purchased a new position in shares of Quantum Computing Inc. (NASDAQ:QUBT) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 10,000 shares of the company’s stock, valued at approximately $166,000.

Several other hedge funds have also recently modified their holdings of the stock. Archer Investment Corp purchased a new stake in Quantum Computing during the 4th quarter worth approximately $33,000. Virtu Financial LLC lifted its position in shares of Quantum Computing by 377.7% in the third quarter. Virtu Financial LLC now owns 60,557 shares of the company’s stock valued at $40,000 after acquiring an additional 47,880 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of Quantum Computing in the third quarter worth approximately $46,000. SRH Advisors LLC purchased a new stake in shares of Quantum Computing during the fourth quarter worth approximately $69,000. Finally, Essex Financial Services Inc. purchased a new stake in shares of Quantum Computing during the fourth quarter worth approximately $174,000. Institutional investors and hedge funds own 4.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Ascendiant Capital Markets raised their price objective on Quantum Computing from $8.25 to $8.50 and gave the company a “buy” rating in a report on Wednesday, November 13th.

Quantum Computing Trading Up 5.0 %

QUBT opened at $8.26 on Thursday. Quantum Computing Inc. has a twelve month low of $0.35 and a twelve month high of $27.15. The firm has a market capitalization of $1.13 billion, a PE ratio of -28.48 and a beta of 2.75. The firm’s 50-day moving average price is $12.06 and its 200 day moving average price is $5.22.

Quantum Computing Company 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.