Stock Traders Buy High Volume of Quantum Computing Call Options (NASDAQ:QUBT)

Quantum Computing Inc. (NASDAQ:QUBT) was the recipient of unusually large options trading activity on Monday. Stock traders acquired 81,028 call options on the stock. This is an increase of approximately 32% compared to the average volume of 61,360 call options.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. UNICOM Systems Inc. bought a new position in shares of Quantum Computing in the fourth quarter worth $5,707,000. SBI Securities Co. Ltd. bought a new position in shares of Quantum Computing in the fourth quarter worth $1,602,000. SG Americas Securities LLC purchased a new position in Quantum Computing in the fourth quarter worth $626,000. Virtu Financial LLC grew its position in Quantum Computing by 377.7% in the third quarter. Virtu Financial LLC now owns 60,557 shares of the company’s stock worth $40,000 after acquiring an additional 47,880 shares in the last quarter. Finally, Janney Montgomery Scott LLC purchased a new position in Quantum Computing in the fourth quarter worth $786,000. Institutional investors own 4.26% of the company’s stock.

Quantum Computing Stock Performance

Quantum Computing stock opened at $8.63 on Wednesday. The stock has a market cap of $1.18 billion, a P/E ratio of -29.76 and a beta of 3.26. Quantum Computing has a fifty-two week low of $0.35 and a fifty-two week high of $27.15. The firm’s fifty day moving average price is $8.22 and its 200-day moving average price is $6.26.

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.