UNICOM Systems Inc. Makes New Investment in Quantum Computing Inc. (NASDAQ:QUBT)

UNICOM Systems Inc. purchased a new stake in Quantum Computing Inc. (NASDAQ:QUBT) in the 4th quarter, Holdings Channel.com reports. The firm purchased 344,853 shares of the company’s stock, valued at approximately $5,707,000. Quantum Computing makes up 1.4% of UNICOM Systems Inc.’s holdings, making the stock its 12th largest position.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Archer Investment Corp bought a new stake in shares of Quantum Computing in the 4th quarter worth approximately $33,000. Essex Financial Services Inc. acquired a new position in Quantum Computing during the 4th quarter valued at about $174,000. Flagship Harbor Advisors LLC bought a new position in Quantum Computing in the 4th quarter worth about $199,000. Sovereign Financial Group Inc. acquired a new stake in shares of Quantum Computing in the fourth quarter valued at approximately $209,000. Finally, Diversify Wealth Management LLC acquired a new stake in shares of Quantum Computing in the fourth quarter valued at approximately $331,000. Institutional investors and hedge funds own 4.26% of the company’s stock.

Quantum Computing Stock Performance

Shares of NASDAQ QUBT opened at $8.71 on Tuesday. The firm’s 50-day simple moving average is $12.00 and its 200 day simple moving average is $5.15. Quantum Computing Inc. has a fifty-two week low of $0.35 and a fifty-two week high of $27.15.

Analysts Set New Price Targets

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

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.