D-Wave Quantum Inc. (NYSE:QBTS) finished Friday with a subtraction of -$0.02 to close at $1.15, a downside of -1.71 percent. An average of 3,653,040 shares of common stock have been traded in the last five days. There was a fall of -$0.2200 in the past week, and it reached a new high 1 time over the past 12 months. The last 20 days have seen an average of 7,648,180 shares traded, while the 50-day average volume stands at 6,254,796.
QBTS stock has decreased by -39.79% in the last month. The company shares reached their 1-month lowest point of $1.1300 on 08/25/23. With the stock rallying to its 52-week high on 07/18/23, shares of the company touched a low of $0.40 and a high of $9.44 in 52 weeks. It has reached a new high 6 times so far this year and lost -20.14% or -$0.2900 in price. In spite of this, the price is down -87.82% from the 52-week high.
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Insider Transactions
QBTS stock investors should be aware that D-Wave Quantum Inc. (QBTS) stock had its last reported insider trading activity 72 days ago on Jun 15. In this transaction, the insider spent $53,892., Brydon Victoria, disposed of 15,000 shares at a price of $2.39 on Jun 09. The insider now owns more than $35,850 worth of shares. Prior to that, 10% Owner GOLDMAN SACHS GROUP INC went on to Sale 128 shares at $6.54 each on Aug 31. An amount of $836 was transacted.
Valuation Metrics
D-Wave Quantum Inc. (QBTS) stock’s beta is 0.11. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 21.61.
Financial Health
The quick ratio of D-Wave Quantum Inc. for the three months ended June 29 was 0.30, and the current ratio was 0.40, indicating that the company is not able to meet its debt obligations. D-Wave Quantum Inc.’s EBITDA margin for the year ending June 29 is -796.39%. Its gross profit as reported stood at $4.25 million compared to revenue of $7.17 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, D-Wave Quantum Inc.’s return on assets was -271.20%.
Earnings Surprise
For the three-month period that ended June 29, D-Wave Quantum Inc. had $8.47 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$25.9 million in the quarter, while revenues of -$24.61 million were grew 100.0%. The analyst consensus anticipated D-Wave Quantum Inc.’s latest quarter earnings to come in at -$0.14 per share, but it turned out to be -$0.2, a -42.90% surprise. For the quarter, EBITDA amounted to -$20.43 million. Shareholders own equity worth $98.9 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at D-Wave Quantum Inc. (QBTS) price momentum. RSI 9-day as of the close on 25 August was 27.85%, suggesting the stock is oversold, with historical volatility in this time frame at 69.84%.
As of today, QBTS’s price is $1.2440 -16.06% or -$0.2200 from its 5-day moving average. QBTS is currently trading -45.24% lower than its 20-day SMA and +58.51% higher than its 100-day SMA. However, the stock’s current price level is -40.41% below the SMA50 and -55.77% below the SMA200.
The stochastic %K and %D were 4.00% and 5.07%, respectively, and the average true range (ATR) was 0.2009. With the 14-day stochastic at 2.67% and the average true range at 0.2392, the RSI (14) stands at 34.23%. The stock has reached -0.1122 on the 9-day MACD Oscillator while the 14-day reading was at -0.2140.
Analyst Ratings
Piper Sandler launched coverage on D-Wave Quantum Inc. (NYSE: QBTS) in its analyst report released on October 19, 2022. The firm assigned the stock an Overweight rating. The consensus rating for D-Wave Quantum Inc. (QBTS) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell QBTS, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 5 others rate it as a “buy”.
What is QBTS’s price target for the next 12 months?
Analysts predict a range of price targets between $3.00 and $6.00, with a median target of $4.00. Taking a look at these predictions, the average price target given by analysts for D-Wave Quantum Inc. (QBTS) stock is $4.20.
