Quantum Computing (NASDAQ:QUBT) Shares Up 7.5% - Time to Buy?

Quantum Computing Inc. (NASDAQ:QUBT - Get Free Report)'s share price traded up 7.5% on Wednesday . The company traded as high as $5.27 and last traded at $5.09. 3,455,417 shares were traded during trading, a decline of 76% from the average session volume of 14,393,775 shares. The stock had previously closed at $4.73.Get Quantum Computing alerts:Quantum Computing Stock Up 18.9 %2 Underrated Quantum Computing Companies Starting to RallyThe firm has a market capitalization of $895.76 million, a PE ratio of -22.37 and a beta of 3.26. The stock's fifty day simple moving average is $8.80 and its 200 day simple moving average is $6.03. Institutional Trading of Quantum ComputingA number of hedge funds and other institutional investors have recently added to or reduced their stakes in QUBT. Tower Research Capital LLC TRC purchased a new stake in shares of Quantum Computing in the fourth quarter worth $30,000. Archer Investment Corp purchased a new position in Quantum Computing during the fourth quarter valued at $33,000. IFP Advisors Inc purchased a new position in Quantum Computing during the fourth quarter valued at $33,000. Farther Finance Advisors LLC purchased a new position in Quantum Computing during the fourth quarter valued at $33,000. Finally, Virtu Financial LLC grew its stake in Quantum Computing by 377.7% during the third quarter. Virtu Financial LLC now owns 60,557 shares of the company's stock valued at $40,000 after acquiring an additional 47,880 shares in the last quarter. 4.26% of the stock is owned by hedge funds and other institutional investors. Quantum Computing Company Profile (Get Free Report)MarketBeat Week in Review – 12/9 - 12/13Quantum 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.Read MoreFive stocks we like better than Quantum Computing3 Must-Buy Warren Buffett Stocks for Volatile TimesMarket Momentum Shifts, But These 3 Stocks Are Built to LastWhat is a Dividend King? D-Wave Quantum Stock Jumps on "Quantum Supremacy" News3 Tickers Leading a Meme Stock RevivalHow Taiwan Semiconductor’s U.S. Move Could Shift ChipmakingThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Quantum Computing Inc. is a Leader in the Industry, For How Long?Should You Invest $1,000 in Quantum Computing Right Now?Before you consider Quantum Computing, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Quantum Computing wasn't on the list.While Quantum Computing currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here