Quantum Computing (NASDAQ:QUBT) Issues Quarterly Earnings Results

Quantum Computing (NASDAQ:QUBT) posted its quarterly earnings data on Thursday. The company reported ($0.47) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.42), RTT News reports. During the same period in the prior year, the business earned ($0.09) earnings per share.

Quantum Computing Stock Down 11.7 %

Shares of NASDAQ QUBT traded down $0.98 during mid-day trading on Thursday, hitting $7.39. 35,190,596 shares of the company were exchanged, compared to its average volume of 15,548,922. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of -25.48 and a beta of 3.26. The stock has a 50 day simple moving average of $8.19 and a 200-day simple moving average of $6.27. Quantum Computing has a 1-year low of $0.35 and a 1-year high of $27.15.

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.