In the quest to outshine the broader market, stock pickers diligently seek out stocks with the potential for superior performance. Making the right choices can significantly elevate your wealth.
As of close of business last night, D-Wave Quantum Inc’s stock clocked out at $1.40, down -3.45% from its previous closing price of $1.45. In other words, the price has decreased by -$3.45 from its previous closing price. On the day, 3.44 million shares were traded. QBTS stock price reached its highest trading level at $1.52 during the session, while it also had its lowest trading level at $1.37.
Ratios:
To gain a deeper understanding of QBTS’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 4.00 and its Current Ratio is at 4.18.
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, Needham on April 08, 2024, initiated with a Buy rating and assigned the stock a target price of $2.50.
On October 19, 2022, Piper Sandler started tracking the stock assigning a Overweight rating and target price of $12.
On August 30, 2022, ROTH Capital started tracking the stock assigning a Buy rating and target price of $20.ROTH Capital initiated its Buy rating on August 30, 2022, with a $20 target price.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Oct 16 ’23 when Nguyen Diane sold 22,855 shares for $1.00 per share. The transaction valued at 22,855 led to the insider holds 254,643 shares of the business.
Michael Emil sold 29,021 shares of QBTS for $53,892 on Jun 15 ’23. The Director now owns 36,353 shares after completing the transaction at $1.86 per share. On Jun 09 ’23, another insider, Brydon Victoria, who serves as the insider of the company, sold 15,000 shares for $2.39 each. As a result, the insider received 35,850 and left with 332,800 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 226364592 and an Enterprise Value of 257698976. For the stock, the TTM Price-to-Sale (P/S) ratio is 18.67. Its current Enterprise Value per Revenue stands at 29.424 whereas that against EBITDA is -3.242.
Stock Price History:
The Beta on a monthly basis for QBTS is 1.04, which has changed by 2.4855769 over the last 52 weeks, in comparison to a change of 0.22379243 over the same period for the S&P500. Over the past 52 weeks, QBTS has reached a high of $3.20, while it has fallen to a 52-week low of $0.40. The 50-Day Moving Average of the stock is -22.25%, while the 200-Day Moving Average is calculated to be 8.65%.
Shares Statistics:
It appears that QBTS traded 4.95M shares on average per day over the past three months and 3160750 shares per day over the past ten days. A total of 161.11M shares are outstanding, with a floating share count of 100.70M. Insiders hold about 13.78% of the company’s shares, while institutions hold 24.37% stake in the company. Shares short for QBTS as of 1713139200 were 7959515 with a Short Ratio of 1.61, compared to 1710460800 on 5477934. Therefore, it implies a Short% of Shares Outstanding of 7959515 and a Short% of Float of 8.790000000000001.
Earnings Estimates
Currently, 3.0 analysts are dedicated to thoroughly evaluating and rating the performance of D-Wave Quantum Inc (QBTS) in the stock market.On average, analysts expect EPS of -$0.09 for the current quarter, with a high estimate of -$0.08 and a low estimate of -$0.12, while EPS last year was -$0.2. The consensus estimate for the next quarter is -$0.1, with high estimates of -$0.08 and low estimates of -$0.12.
Analysts are recommending an EPS of between -$0.33 and -$0.47 for the fiscal current year, implying an average EPS of -$0.4. EPS for the following year is -$0.4, with 2.0 analysts recommending between -$0.39 and -$0.42.
Revenue Estimates
In the current quarter, 3 analysts expect revenue to total $3.07M. It ranges from a high estimate of $3.5M to a low estimate of $2.8M. As of the current estimate, D-Wave Quantum Inc’s year-ago sales were $2.03MFor the next quarter, 3 analysts are estimating revenue of $3.52M. There is a high estimate of $4.25M for the next quarter, whereas the lowest estimate is $3.1M.
A total of 3 analysts have provided revenue estimates for QBTS’s current fiscal year. The highest revenue estimate was $18.49M, while the lowest revenue estimate was $13M, resulting in an average revenue estimate of $15.43M. In the same quarter a year ago, actual revenue was $8.76MBased on 2 analysts’ estimates, the company’s revenue will be $28.35M in the next fiscal year. The high estimate is $35.7M and the low estimate is $21M.
