Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
After finishing at $6.10 in the prior trading day, D-Wave Quantum Inc (NYSE: QBTS) closed at $5.77, down -5.41%. In other words, the price has decreased by -$5.41 from its previous closing price. On the day, 85.23 million shares were traded. QBTS stock price reached its highest trading level at $6.76 during the session, while it also had its lowest trading level at $5.72.
Ratios:
Our goal is to gain a better understanding of QBTS by taking a closer look at its different ratios. 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jan 10 ’25 when PUBLIC SECTOR PENSION INVESTME bought 40,057,252 shares for $6.10 per share.
PUBLIC SECTOR PENSION INVESTME sold 1,000,000 shares of QBTS for $6,678,200 on Dec 20 ’24. The 10% Owner now owns 0 shares after completing the transaction at $6.68 per share. On Dec 20 ’24, another insider, PUBLIC SECTOR PENSION INVESTME, who serves as the 10% Owner of the company, bought 1,000,000 shares for $6.37 each.
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 1553006976 and an Enterprise Value of 408220800. For the stock, the TTM Price-to-Sale (P/S) ratio is 164.86. 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 1.16, which has changed by 6.9916897 over the last 52 weeks, in comparison to a change of 0.22263205 over the same period for the S&P500. 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 30.39%, while the 200-Day Moving Average is calculated to be 187.93%.
Shares Statistics:
The stock has traded on average 47.59M shares per day over the past 3-months and 87424710 shares per day over the last 10 days, according to various share statistics. 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 26.89% stake in the company. Shares short for QBTS as of 1730332800 were 16101927 with a Short Ratio of 0.61, 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
At present, 5.0 analysts are actively evaluating the performance of D-Wave Quantum Inc (QBTS) in the stock market.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 -$0.3 and -$0.39 for the fiscal current year, implying an average EPS of -$0.34. EPS for the following year is -$0.28, with 5.0 analysts recommending between -$0.24 and -$0.39.
Revenue Estimates
6 analysts predict $2.22M in revenue for the current quarter. 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.
