The closing price of D-Wave Quantum Inc (NYSE: QBTS) was $1.99 for the day, down -2.45% from the previous closing price of $2.04. In other words, the price has decreased by -$0.0500 from its previous closing price. On the day, 4195270 shares were traded.
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 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, Piper Sandler on October 19, 2022, initiated with a Overweight rating and assigned the stock a target price of $12.
On August 30, 2022, ROTH Capital started tracking the stock assigning a Buy rating and target price of $20.
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 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 326.25M and an Enterprise Value of 499.46M. For the stock, the TTM Price-to-Sale (P/S) ratio is 25.76. Its current Enterprise Value per Revenue stands at 60.56 whereas that against EBITDA is -6.81.
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 1.5365, while the 200-Day Moving Average is calculated to be 1.3347.
Shares Statistics:
QBTS traded an average of 4.25M shares per day over the past three months and 4.65M shares per day over the past ten days. A total of 161.11M shares are outstanding, with a floating share count of 101.11M. Insiders hold about 10.84% of the company’s shares, while institutions hold 25.37% stake in the company. Shares short for QBTS as of Mar 15, 2024 were 5.48M with a Short Ratio of 1.29, compared to 6.3M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 3.43% and a Short% of Float of 6.04%.
Earnings Estimates
The firm’s stock currently is rated by 2 analysts. On average, analysts expect EPS of -$0.1 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 -$0.11, with high estimates of -$0.09 and low estimates of -$0.14.
Analysts are recommending an EPS of between -$0.39 and -$0.55 for the fiscal current year, implying an average EPS of -$0.47. EPS for the following year is -$0.46, with 2 analysts recommending between -$0.39 and -$0.54.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 4 analysts. It ranges from a high estimate of $4.9M to a low estimate of $3.5M. As of the current estimate, D-Wave Quantum Inc’s year-ago sales were $2.03M, an estimated increase of 104.40% from the year-ago figure. For the next quarter, 4 analysts are estimating revenue of $4.91M, an increase of 187.60% over than the figure of $104.40% in the same quarter last year. There is a high estimate of $6M for the next quarter, whereas the lowest estimate is $4.25M.
A total of 4 analysts have provided revenue estimates for QBTS’s current fiscal year. The highest revenue estimate was $25.5M, while the lowest revenue estimate was $18.49M, resulting in an average revenue estimate of $22.15M. In the same quarter a year ago, actual revenue was $8.76M, up 152.90% from the average estimate. Based on 2 analysts’ estimates, the company’s revenue will be $62.85M in the next fiscal year. The high estimate is $90M and the low estimate is $35.7M. The average revenue growth estimate for next year is up 183.70% from the average revenue estimate for this year.
