D-Wave Quantum Inc (NYSE: QBTS) closed the day trading at $1.63 down -4.68% from the previous closing price of $1.71. On the day, 3035378 shares were traded.
Ratios:
For a better understanding of QBTS, let’s look at 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:
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 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:
For the stock, the TTM Price-to-Sale (P/S) ratio is 21.73.
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.
Shares Statistics:
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 24.44% stake in the company.
Earnings Estimates
Current recommendations for the stock of the company come from D-Wave Quantum Inc. analysts.
EPS for the following year is $Index, with Stocks analysts recommending between $Stocks and $Stocks.
