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As of close of business last night, D-Wave Quantum Inc’s stock clocked out at $1.44, down -12.20% from its previous closing price of $1.64. In other words, the price has decreased by -$12.20 from its previous closing price. On the day, 12.38 million shares were traded. QBTS stock price reached its highest trading level at $1.67 during the session, while it also had its lowest trading level at $1.415.
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 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:
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 Jun 04 ’24 when Michael Emil sold 49,910 shares for $1.26 per share. The transaction valued at 62,887 led to the insider holds 887,138 shares of the business.
Michael Emil sold 36,353 shares of QBTS for $47,379 on May 31 ’24. The Director now owns 962,723 shares after completing the transaction at $1.30 per share. On Jun 03 ’24, another insider, Michael Emil, who serves as the Director of the company, sold 25,675 shares for $1.35 each. As a result, the insider received 34,761 and left with 937,048 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 290057760 and an Enterprise Value of 408220800. For the stock, the TTM Price-to-Sale (P/S) ratio is 30.03. 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 1.05, which has changed by 0.9617225 over the last 52 weeks, in comparison to a change of 0.2936039 over the same period for the S&P500. Over the past 52 weeks, QBTS has reached a high of $2.44, while it has fallen to a 52-week low of $0.68. The 50-Day Moving Average of the stock is 29.13%, while the 200-Day Moving Average is calculated to be 10.30%.
Shares Statistics:
It appears that QBTS traded 5.68M shares on average per day over the past three months and 14349560 shares per day over the past ten days. A total of 170.14M shares are outstanding, with a floating share count of 120.98M. Insiders hold about 28.90% of the company’s shares, while institutions hold 26.89% stake in the company. Shares short for QBTS as of 1730332800 were 16101927 with a Short Ratio of 2.83, compared to 1727654400 on 15788805. Therefore, it implies a Short% of Shares Outstanding of 16101927 and a Short% of Float of 12.36.
Earnings Estimates
The performance of D-Wave Quantum Inc (QBTS) in the stock market is under the watchful eye of 5.0 analysts actively contributing to its current rating.The consensus estimate for the next quarter is -$0.08, with high estimates of -$0.06 and low estimates of -$0.11.
Analysts are recommending an EPS of between -$0.31 and -$0.39 for the fiscal current year, implying an average EPS of -$0.34. EPS for the following year is -$0.29, with 5.0 analysts recommending between -$0.24 and -$0.39.
Revenue Estimates
In the current quarter, 6 analysts expect revenue to total $2.22M. It ranges from a high estimate of $2.4M to a low estimate of $2.01M. As of the current estimate, D-Wave Quantum Inc’s year-ago sales were $2.91MFor the next quarter, 6 analysts are estimating revenue of $2.66M. There is a high estimate of $3M for the next quarter, whereas the lowest estimate is $2.1M.
A total of 6 analysts have provided revenue estimates for QBTS’s current fiscal year. The highest revenue estimate was $8.9M, while the lowest revenue estimate was $8.53M, resulting in an average revenue estimate of $8.76M. In the same quarter a year ago, actual revenue was $8.76MBased on 6 analysts’ estimates, the company’s revenue will be $14.81M in the next fiscal year. The high estimate is $18.5M and the low estimate is $11.6M.
