In the pursuit of market outperformance, investors navigate the landscape of stock selection. The right picks can play a pivotal role in enhancing your wealth.
In the latest session, D-Wave Quantum Inc (NYSE: QBTS) closed at $1.59 down -4.79% from its previous closing price of $1.67. In other words, the price has decreased by -$4.79 from its previous closing price. On the day, 2.9 million shares were traded. QBTS stock price reached its highest trading level at $1.7 during the session, while it also had its lowest trading level at $1.52.
Ratios:
For a deeper understanding of D-Wave Quantum Inc’s stock, let’s take a closer look at its various 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 257074384 and an Enterprise Value of 288418592. For the stock, the TTM Price-to-Sale (P/S) ratio is 21.20. Its current Enterprise Value per Revenue stands at 32.932 whereas that against EBITDA is -3.628.
Stock Price History:
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 -12.14%, while the 200-Day Moving Average is calculated to be 19.93%.
Shares Statistics:
For the past three months, QBTS has traded an average of 4.66M shares per day and 2877150 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 24.38% stake in the company. Shares short for QBTS as of 1711584000 were 7812866 with a Short Ratio of 1.68, compared to 1709164800 on 9193212. Therefore, it implies a Short% of Shares Outstanding of 7812866 and a Short% of Float of 8.229999000000001.
Earnings Estimates
The stock of D-Wave Quantum Inc (QBTS) is currently drawing attention from D-Wave Quantum Inc. analysts actively involved in the ongoing evaluation and rating process.
