Focus Financial Network Inc. Takes $1.54 Million Position in Quantum Computing Inc. (NASDAQ:QUBT)

Focus Financial Network Inc. acquired a new position in shares of Quantum Computing Inc. (NASDAQ:QUBT) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 92,815 shares of the company’s stock, valued at approximately $1,536,000. Focus Financial Network Inc. owned about 0.07% of Quantum Computing at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Archer Investment Corp acquired a new stake in shares of Quantum Computing during the fourth quarter valued at about $33,000. Flagship Harbor Advisors LLC purchased a new position in shares of Quantum Computing during the 4th quarter worth approximately $199,000. Sovereign Financial Group Inc. acquired a new stake in Quantum Computing in the 4th quarter valued at approximately $209,000. Diversify Wealth Management LLC acquired a new stake in Quantum Computing in the 4th quarter valued at approximately $331,000. Finally, Veracity Capital LLC purchased a new stake in Quantum Computing in the fourth quarter valued at approximately $343,000. 4.26% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Ascendiant Capital Markets raised their price target on Quantum Computing from $8.25 to $8.50 and gave the stock a “buy” rating in a research report on Wednesday, November 13th.

Quantum Computing Price Performance

NASDAQ QUBT opened at $7.87 on Wednesday. The company has a market cap of $1.08 billion, a P/E ratio of -27.14 and a beta of 2.75. The stock has a 50-day moving average of $12.03 and a two-hundred day moving average of $5.20. Quantum Computing Inc. has a 1-year low of $0.35 and a 1-year high of $27.15.

About Quantum Computing

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.