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After finishing at $5.58 in the prior trading day, D-Wave Quantum Inc (NYSE: QBTS) closed at $5.74, up 2.87%. In other words, the price has increased by $2.87 from its previous closing price. On the day, 43.22 million shares were traded. QBTS stock price reached its highest trading level at $5.93 during the session, while it also had its lowest trading level at $5.415.
Ratios:
Our goal is to gain a better understanding of QBTS by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.28 and its Current Ratio is at 1.36.
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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jan 23 ’25 when Nguyen Diane sold 2,383 shares for $5.27 per share. The transaction valued at 12,558 led to the insider holds 448,162 shares of the business.
Markovich John M. sold 5,582 shares of QBTS for $29,417 on Jan 23 ’25. The Chief Financial Officer now owns 1,064,556 shares after completing the transaction at $5.27 per share. On Jan 23 ’25, another insider, BARATZ ALAN E, who serves as the President & CEO of the company, sold 8,372 shares for $5.27 each. As a result, the insider received 44,120 and left with 2,342,208 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 1530100224 and an Enterprise Value of 408220800. For the stock, the TTM Price-to-Sale (P/S) ratio is 189.10. Its current Enterprise Value per Revenue stands at 40.354 whereas that against EBITDA is -5.803.
Stock Price History:
The Beta on a monthly basis for QBTS is 1.10, which has changed by 5.6035504 over the last 52 weeks, in comparison to a change of 0.25219524 over the same period for the S&P500. Over the past 52 weeks, QBTS has reached a high of $11.41, while it has fallen to a 52-week low of $0.75. The 50-Day Moving Average of the stock is 6.75%, while the 200-Day Moving Average is calculated to be 160.38%.
Shares Statistics:
The stock has traded on average 69.50M shares per day over the past 3-months and 125501920 shares per day over the last 10 days, according to various share statistics. A total of 164.20M shares are outstanding, with a floating share count of 122.87M. Insiders hold about 27.78% of the company’s shares, while institutions hold 18.82% stake in the company. Shares short for QBTS as of 1730332800 were 16101927 with a Short Ratio of 0.56, compared to 1727654400 on 15788805. Therefore, it implies a Short% of Shares Outstanding of 16101927 and a Short% of Float of 12.36.
