Traders Purchase Large Volume of Call Options on Quantum Computing (NASDAQ:QUBT)

Quantum Computing Inc. (NASDAQ:QUBT) was the target of unusually large options trading activity on Monday. Investors acquired 81,028 call options on the stock. This represents an increase of 32% compared to the typical daily volume of 61,360 call options.

Institutional Trading of Quantum Computing

Several institutional investors have recently made changes to their positions in QUBT. Tower Research Capital LLC TRC purchased a new stake in Quantum Computing during the fourth quarter valued at about $30,000. Archer Investment Corp acquired a new position in shares of Quantum Computing in the 4th quarter valued at about $33,000. IFP Advisors Inc acquired a new stake in Quantum Computing during the 4th quarter worth approximately $33,000. Farther Finance Advisors LLC acquired a new stake in Quantum Computing during the 4th quarter worth approximately $33,000. Finally, Virtu Financial LLC raised 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 during the period. 4.26% of the stock is owned by hedge funds and other institutional investors.

Quantum Computing Stock Performance

QUBT opened at $8.02 on Tuesday. Quantum Computing has a 1 year low of $0.35 and a 1 year high of $27.15. The company’s 50 day simple moving average is $8.39 and its 200 day simple moving average is $6.20. The stock has a market capitalization of $1.10 billion, a PE ratio of -27.66 and a beta of 3.26.

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.