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The closing price of D-Wave Quantum Inc (NYSE: QBTS) was $1.54 for the day, down -5.52% from the previous closing price of $1.63. In other words, the price has decreased by -$5.52 from its previous closing price. On the day, 7.78 million shares were traded. QBTS stock price reached its highest trading level at $1.68 during the session, while it also had its lowest trading level at $1.49.
Ratios:
Our analysis of QBTS’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 1.04 and its Current Ratio is at 1.09.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, B. Riley Securities on July 25, 2024, initiated with a Buy rating and assigned the stock a target price of $3.
On April 08, 2024, Needham started tracking the stock assigning a Buy rating and target price of $2.50.
On October 19, 2022, Piper Sandler started tracking the stock assigning a Overweight rating and target price of $12.Piper Sandler initiated its Overweight rating on October 19, 2022, with a $12 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Jun 04 ’24 when Michael Emil sold 49,910 shares for $1.26 per share. The transaction valued at 62,887 led to the insider holds 887,138 shares of the business.
Michael Emil sold 36,353 shares of QBTS for $47,379 on May 31 ’24. The Director now owns 962,723 shares after completing the transaction at $1.30 per share. On Jun 03 ’24, another insider, Michael Emil, who serves as the Director of the company, sold 25,675 shares for $1.35 each. As a result, the insider received 34,761 and left with 937,048 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, QBTS now has a Market Capitalization of 310200640 and an Enterprise Value of 341749120. For the stock, the TTM Price-to-Sale (P/S) ratio is 30.65. Its current Enterprise Value per Revenue stands at 33.783 whereas that against EBITDA is -4.858.
Stock Price History:
Over the past 52 weeks, QBTS has reached a high of $2.44, while it has fallen to a 52-week low of $0.68. The 50-Day Moving Average of the stock is 46.39%, while the 200-Day Moving Average is calculated to be 19.39%.
Shares Statistics:
QBTS traded an average of 4.65M shares per day over the past three months and 9183910 shares per day over the past ten days. A total of 170.14M shares are outstanding, with a floating share count of 120.98M. Insiders hold about 28.90% of the company’s shares, while institutions hold 24.43% stake in the company. Shares short for QBTS as of 1728950400 were 15960305 with a Short Ratio of 3.46, compared to 1726185600 on 15984571. Therefore, it implies a Short% of Shares Outstanding of 15960305 and a Short% of Float of 12.25.
