D-Wave Quantum Inc (NYSE:QBTS) saw an upside of 6.50% to $1.00 after adding $0.06 on Wednesday. The 5-day average trading volume is 1,351,594 shares of the company’s common stock. It has gained $1.0200 in the past week and touched a new high 3 times within the past 5 days. An average of 2,598,833 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 5,308,062.
QBTS’s 1-month performance is -9.00% or -$0.1500 on its low of $0.8611 reached on 09/08/23. The company’s shares have touched a 52-week low of $0.40 and high of $8.30, with the stock’s rally to the 52-week high happening on 07/18/23. YTD, QBTS has lost -30.49% or -$0.4400 and has reached a new high 6 times. However, the current price is down -87.94% from the 52-week high price.
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Insider Transactions
QBTS stock investors last saw insider trading activity on Jun 15. Michael Emil (Director) most recently sold 29,021 shares at $1.86 per share on Jun 15. This transaction cost the insider $53,892. Brydon Victoria sold 15,000 shares at a price of $2.39 on Jun 09.
Valuation Metrics
QBTS stock has a beta of 0.08. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 13.41.
D-Wave Quantum Inc’s quick ratio for the period ended June 29 was 0.31, with the current ratio over the same period at 0.38. In terms of profitability, the gross margin trailing 12 months is 70.26%. The trailing 12-month EBITDA margin is -796.39% while for the period ending June 29, D-Wave Quantum Inc’s operating margin was -1116.87%. The firm’s gross profit as reported stood at $4.25 million against revenue of $7.17 million.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 100.0% to -$25.9 million, while revenue of -$24.61 million was 4.98% off the previous quarter. Analysts expected QBTS to announce -$0.14 per share in earnings in its latest quarter, but it posted -$0.2, representing a -42.90% surprise. EBITDA for the quarter stood at more than -$20.43 million. QBTS stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 52.8 million, with total debt at $33.01 million. Shareholders hold equity totaling $98.9 million.
Let’s look briefly at D-Wave Quantum Inc (QBTS) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 26 September was 46.69% to suggest the stock is trending Neutral, with historical volatility in this time period at 72.39%.
The stock’s 5-day moving average is $0.9542, reflecting a +8.20% or $0.0758 change from its current price. QBTS is currently trading -18.70% above its 20-day SMA, +139.87% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -65.40% and SMA200 by-56.71%.
Stochastic %K and %D was 37.62% and 28.67% and the average true range (ATR) pointed at 0.0990. The RSI (14) points at 42.48%, while the 14-day stochastic is at 52.63% with the period’s ATR at 0.1227. The stock’s 9-day MACD Oscillator is pointing at 0.0080 and -0.0131 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for D-Wave Quantum Inc (NYSE: QBTS), Piper Sandler launched coverage with an Overweight rating.
