Beyond market averages, investors seeking exceptional growth focus on the art of stock selection. The right picks can significantly contribute to the expansion of your wealth.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
D-Wave Quantum Inc (NYSE: QBTS) closed the day trading at $0.90 down -2.95% from the previous closing price of $0.93. In other words, the price has decreased by -$2.95 from its previous closing price. On the day, 1.95 million shares were traded. QBTS stock price reached its highest trading level at $0.9481 during the session, while it also had its lowest trading level at $0.9.
Ratios:
For a better understanding of QBTS, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.04 and its Current Ratio is at 1.09.
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 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 36,353 shares of QBTS for $47,379 on May 31 ’24. The Director now owns 962,723 shares after completing the transaction at $1.30 per share. On Jun 03 ’24, another insider, Michael Emil, who serves as the Director of the company, sold 25,675 shares for $1.35 each. As a result, the insider received 34,761 and left with 937,048 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 181286080 and an Enterprise Value of 212834368. For the stock, the TTM Price-to-Sale (P/S) ratio is 15.13. Its current Enterprise Value per Revenue stands at 21.039 whereas that against EBITDA is -3.026.
Stock Price History:
Over the past 52 weeks, QBTS has reached a high of $2.44, while it has fallen to a 52-week low of $0.57. The 50-Day Moving Average of the stock is -8.35%, while the 200-Day Moving Average is calculated to be -28.07%.
Shares Statistics:
Over the past 3-months, QBTS traded about 3.76M shares per day on average, while over the past 10 days, QBTS traded about 2002070 shares per day. A total of 170.14M shares are outstanding, with a floating share count of 121.09M. Insiders hold about 28.83% of the company’s shares, while institutions hold 24.51% stake in the company. Shares short for QBTS as of 1724976000 were 14054393 with a Short Ratio of 3.74, compared to 1722384000 on 14340561. Therefore, it implies a Short% of Shares Outstanding of 14054393 and a Short% of Float of 10.780000000000001.
