Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
The closing price of D-Wave Quantum Inc (NYSE: QBTS) was $6.41 for the day, down -11.59% from the previous closing price of $7.25. In other words, the price has decreased by -$11.59 from its previous closing price. On the day, 69.68 million 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 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 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:
For the stock, the TTM Price-to-Sale (P/S) ratio is 211.17.
Stock Price History:
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 -3.15%, while the 200-Day Moving Average is calculated to be 144.78%.
Shares Statistics:
A total of 310.33M shares are outstanding, with a floating share count of 257.90M. Insiders hold about 16.89% of the company’s shares, while institutions hold 17.75% stake in the company.
