Capital Advisors Inc. OK Makes New Investment in Quantum Computing Inc. (NASDAQ:QUBT)

Capital Advisors Inc. OK purchased a new stake in shares of Quantum Computing Inc. (NASDAQ:QUBT) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 10,000 shares of the company’s stock, valued at approximately $166,000.

A number of other hedge funds have also recently modified their holdings of the company. Archer Investment Corp purchased a new stake in shares of Quantum Computing in the 4th quarter valued at approximately $33,000. SRH Advisors LLC acquired a new position in Quantum Computing in the fourth quarter valued at approximately $69,000. Essex Financial Services Inc. acquired a new position in Quantum Computing in the fourth quarter valued at approximately $174,000. Flagship Harbor Advisors LLC purchased a new position in Quantum Computing in the fourth quarter worth approximately $199,000. Finally, Sovereign Financial Group Inc. acquired a new stake in Quantum Computing during the fourth quarter worth $209,000. Hedge funds and other institutional investors own 4.26% of the company’s stock.

Quantum Computing Price Performance

Shares of QUBT stock opened at $8.26 on Thursday. Quantum Computing Inc. has a 1-year low of $0.35 and a 1-year high of $27.15. The firm has a market cap of $1.13 billion, a PE ratio of -28.48 and a beta of 2.75. The company has a 50-day moving average of $12.06 and a two-hundred day moving average of $5.22.

Wall Street Analysts Forecast Growth

Separately, Ascendiant Capital Markets upped 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 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.