Quantum Computing (QUBT) to Release Earnings on Monday

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

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

Quantum Computing Trading Up 6.4 %

QUBT opened at $8.45 on Friday. The company’s 50 day moving average is $8.01 and its 200 day moving average is $6.59. The company has a market cap of $1.16 billion, a price-to-earnings ratio of -29.14 and a beta of 3.26. Quantum Computing has a 12-month low of $0.35 and a 12-month high of $27.15.

Insider Transactions at Quantum Computing

In other news, insider Yuping Huang sold 200,000 shares of the firm’s stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $8.48, for a total value of $1,696,000.00. Following the transaction, the insider now owns 24,051,256 shares of the company’s stock, valued at $203,954,650.88. This trade represents a 0.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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.