Quantum Computing (NASDAQ:QUBT) Shares Gap Down - Here's What Happened

Shares of Quantum Computing Inc. (NASDAQ:QUBT - Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $8.02, but opened at $7.50. Quantum Computing shares last traded at $8.22, with a volume of 14,148,923 shares trading hands.Get Quantum Computing alerts:Quantum Computing Trading Down 3.0 %2 Underrated Quantum Computing Companies Starting to RallyThe company has a market cap of $1.15 billion, a price-to-earnings ratio of -28.86 and a beta of 3.26. The firm's fifty day moving average price is $8.19 and its 200-day moving average price is $6.27. Hedge Funds Weigh In On Quantum ComputingInstitutional investors and hedge funds have recently made changes to their positions in the company. Tower Research Capital LLC TRC acquired a new position in shares of Quantum Computing in the 4th quarter valued at $30,000. IFP Advisors Inc acquired a new position in shares of Quantum Computing in the 4th quarter valued at $33,000. Farther Finance Advisors LLC acquired a new position in Quantum Computing in the 4th quarter worth $33,000. Archer Investment Corp acquired a new position in Quantum Computing in the 4th quarter worth $33,000. Finally, Hollencrest Capital Management acquired a new position in Quantum Computing in the 4th quarter worth $41,000. Institutional investors and hedge funds own 4.26% of the company's stock. 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.Recommended StoriesFive stocks we like better than Quantum ComputingWhy Invest in 5G? How to Invest in 5G Stocks What GTC 2025 Signals for NVIDIA Stock’s Next Big MoveWhich Wall Street Analysts are the Most Accurate?Alphabet’s Officially In A Bear Market—Time To Buy?What to Know About Investing in Penny StocksD-Wave and Quantum Supremacy: Implications For InvestorsThis 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