Quantum Computing ( (QUBT) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Quantum Computing’s stock experienced a notable uptick due to securing a significant contract with NIST for thin-film lithium niobate photonic integrated circuits. This strategic advancement, marking the company’s first direct government contract, has boosted investor confidence. The positive market reception is further evidenced by increased call volumes and a recent rise in stock price.
More about Quantum Computing
YTD Price Performance: -21.11%
Average Trading Volume: 29,022,624
Technical Sentiment Signal: Buy
Current Market Cap: $2.37B
For further insights into QUBT stock on TipRanks’ Stock Analysis page.
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