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The closing price of D-Wave Quantum Inc (NYSE: QBTS) was $5.00 for the day, up 27.88% from the previous closing price of $3.91. In other words, the price has increased by $27.88 from its previous closing price. On the day, 80.26 million shares were traded. QBTS stock price reached its highest trading level at $5.09 during the session, while it also had its lowest trading level at $3.71.
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 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:
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 Dec 11 ’24 when PUBLIC SECTOR PENSION INVESTME sold 9,292,600 shares for $4.32 per share. The transaction valued at 40,137,938 led to the insider holds 9,437,593 shares of the business.
PUBLIC SECTOR PENSION INVESTME sold 8,437,593 shares of QBTS for $35,496,954 on Dec 12 ’24. The 10% Owner now owns 1,000,000 shares after completing the transaction at $4.21 per share. On Dec 10 ’24, another insider, PUBLIC SECTOR PENSION INVESTME, who serves as the 10% Owner of the company, sold 643,866 shares for $4.87 each. As a result, the insider received 3,134,340 and left with 18,730,193 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 1235030016 and an Enterprise Value of 408220800. For the stock, the TTM Price-to-Sale (P/S) ratio is 197.36. 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 1.76, which has changed by 4.144033 over the last 52 weeks, in comparison to a change of 0.2764505 over the same period for the S&P500. Over the past 52 weeks, QBTS has reached a high of $5.38, while it has fallen to a 52-week low of $0.68. The 50-Day Moving Average of the stock is 155.73%, while the 200-Day Moving Average is calculated to be 242.38%.
Shares Statistics:
QBTS traded an average of 18.97M shares per day over the past three months and 62003030 shares per day over the past ten days. A total of 164.20M shares are outstanding, with a floating share count of 121.91M. Insiders hold about 28.35% of the company’s shares, while institutions hold 26.67% stake in the company. Shares short for QBTS as of 1730332800 were 16101927 with a Short Ratio of 1.38, 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 current market rating for D-Wave Quantum Inc (QBTS) reflects the collective analysis of 5.0 analysts closely monitoring its performance.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
It is expected that $90B in revenue will be generated in the current quarter, according to 6 analysts. 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.
