Beyond market trends, investors looking for superior returns explore the world of stock picking. The right selections can be a powerful driver for wealth accumulation.
The price of D-Wave Quantum Inc (NYSE: QBTS) closed at $7.02 in the last session, down -3.17% from day before closing price of $7.25. In other words, the price has decreased by -$3.17 from its previous closing price. On the day, 26.45 million shares were traded.
Ratios:
We take a closer look at QBTS’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 6.08 and its Current Ratio is at 6.14. In the meantime, Its Debt-to-Equity ratio is 0.61 whereas as Long-Term Debt/Eq ratio is at 0.58.
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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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 231.63 while its Price-to-Book (P/B) ratio in mrq is 29.87.
Stock Price History:
Over the past 52 weeks, QBTS has reached a high of $11.95, while it has fallen to a 52-week low of $0.75. The 50-Day Moving Average of the stock is 2.06%, while the 200-Day Moving Average is calculated to be 92.16%.
Shares Statistics:
A total of 291.35M shares are outstanding, with a floating share count of 277.90M. Insiders hold about 4.62% of the company’s shares, while institutions hold 19.49% stake in the company.
