SRH Advisors LLC Buys New Stake in Quantum Computing Inc. (NASDAQ:QUBT)

SRH Advisors LLC purchased a new stake in Quantum Computing Inc. (NASDAQ:QUBT) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,150 shares of the company’s stock, valued at approximately $69,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in QUBT. Archer Investment Corp acquired a new position in shares of Quantum Computing in the 4th quarter valued at $33,000. Virtu Financial LLC increased its holdings in 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 buying an additional 47,880 shares in the last quarter. XTX Topco Ltd acquired a new position in shares of Quantum Computing in the third quarter worth about $46,000. Essex Financial Services Inc. acquired a new position in shares of Quantum Computing in the fourth quarter worth about $174,000. Finally, Flagship Harbor Advisors LLC purchased a new stake in shares of Quantum Computing during the 4th quarter worth about $199,000. 4.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Quantum Computing Price Performance

Quantum Computing stock opened at $7.87 on Wednesday. The stock has a market capitalization of $1.08 billion, a PE ratio of -27.14 and a beta of 2.75. The business has a 50 day simple moving average of $12.03 and a 200-day simple moving average of $5.20. Quantum Computing Inc. has a 12 month low of $0.35 and a 12 month 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.