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The price of D-Wave Quantum Inc (NYSE: QBTS) closed at $1.27 in the last session, down -4.51% from day before closing price of $1.33. In other words, the price has decreased by -$4.51 from its previous closing price. On the day, 6.93 million shares were traded. QBTS stock price reached its highest trading level at $1.37 during the session, while it also had its lowest trading level at $1.23.
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 2.91 and its Current Ratio is at 3.10.
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, Needham on April 08, 2024, initiated with a Buy rating and assigned the stock a target price of $2.50.
On October 19, 2022, Piper Sandler started tracking the stock assigning a Overweight rating and target price of $12.
On August 30, 2022, ROTH Capital started tracking the stock assigning a Buy rating and target price of $20.ROTH Capital initiated its Buy rating on August 30, 2022, with a $20 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 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 25,675 shares of QBTS for $34,761 on Jun 03 ’24. The Director now owns 937,048 shares after completing the transaction at $1.35 per share. On May 31 ’24, another insider, Michael Emil, who serves as the Director of the company, sold 36,353 shares for $1.30 each. As a result, the insider received 47,379 and left with 962,723 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 221485456 and an Enterprise Value of 262046864. For the stock, the TTM Price-to-Sale (P/S) ratio is 16.65. Its current Enterprise Value per Revenue stands at 27.183 whereas that against EBITDA is -3.618.
Stock Price History:
The Beta on a monthly basis for QBTS is 1.00, which has changed by -0.5635739 over the last 52 weeks, in comparison to a change of 0.24125004 over the same period for the S&P500. Over the past 52 weeks, QBTS has reached a high of $3.20, while it has fallen to a 52-week low of $0.57. The 50-Day Moving Average of the stock is 2.54%, while the 200-Day Moving Average is calculated to be 3.71%.
Shares Statistics:
According to the various share statistics, QBTS traded on average about 3.81M shares per day over the past 3-months and 5493350 shares per day over the past 10 days. A total of 161.11M shares are outstanding, with a floating share count of 119.78M. Insiders hold about 5.23% of the company’s shares, while institutions hold 21.53% stake in the company. Shares short for QBTS as of 1719532800 were 7092044 with a Short Ratio of 1.86, compared to 1717113600 on 7569718. Therefore, it implies a Short% of Shares Outstanding of 7092044 and a Short% of Float of 6.87.
