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The price of D-Wave Quantum Inc (NYSE: QBTS) closed at $8.40 in the last session, down -9.68% from day before closing price of $9.30. In other words, the price has decreased by -$9.68 from its previous closing price. On the day, 40.11 million shares were traded. QBTS stock price reached its highest trading level at $9.4 during the session, while it also had its lowest trading level at $8.25.
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 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:
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 Dec 20 ’24 when PUBLIC SECTOR PENSION INVESTME sold 1,000,000 shares for $6.68 per share. The transaction valued at 6,678,200 led to the insider holds 0 shares of the business.
PUBLIC SECTOR PENSION INVESTME bought 1,000,000 shares of QBTS for $6,370,000 on Dec 20 ’24. On Dec 11 ’24, another insider, PUBLIC SECTOR PENSION INVESTME, who serves as the 10% Owner of the company, sold 9,292,600 shares for $4.32 each. As a result, the insider received 40,137,938 and left with 9,437,593 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 2260876800 and an Enterprise Value of 408220800. For the stock, the TTM Price-to-Sale (P/S) ratio is 216.78. Its current Enterprise Value per Revenue stands at 40.354 whereas that against EBITDA is -5.803.
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 $0.68. The 50-Day Moving Average of the stock is 136.14%, while the 200-Day Moving Average is calculated to be 362.93%.
Shares Statistics:
According to the various share statistics, QBTS traded on average about 39.70M shares per day over the past 3-months and 110684170 shares per day over the past 10 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 0.81, compared to 1727654400 on 15788805. Therefore, it implies a Short% of Shares Outstanding of 16101927 and a Short% of Float of 12.36.
