D-Wave Quantum Inc. (QBTS) is -36.71% away from 50-day simple Moving Average despite all headwinds

D-Wave Quantum Inc. (NYSE: QBTS) kicked off on January 24, 2023, at the price of $1.28, down -2.34% from the previous trading day. During the day, the shares moved up to $1.28 and dropped to $1.17 before settling in for the closing price of $1.28. Over the past 52 weeks, QBTS has traded in a range of $1.02-$13.23.

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A new megatrend in the fintech market is well underway. Mobile payments are projected to boom into a massive $12 trillion market by 2028. According to Motley Fool this growth stock could "deliver huge returns." Not only in the immediate future but also over the next decade. Especially since the man behind this company is a serial entrepreneur who has been wildly successful over the years.

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While this was happening, its average annual earnings per share was recorded -214.80%. With a float of $60.39 million, this company’s outstanding shares have now reached $116.26 million.

Let’s look at the performance matrix of the company that is accounted for 190 employees.

D-Wave Quantum Inc. (QBTS) Insider and Institutional Ownership

Our next focus will be how large-scale investors are participating in this stock of the Computer Hardware Industry. The insider ownership of D-Wave Quantum Inc. is 35.20%, while institutional ownership is 62.80%. The most recent insider transaction that took place on Nov 17, was worth 63,750. In this transaction Director of this company bought 25,000 shares at a rate of $2.55, taking the stock ownership to the 54,021 shares.

D-Wave Quantum Inc. (QBTS) Latest Financial update

This company achieved a return on equity of 9.18. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.14 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -214.80% per share during the next fiscal year.

D-Wave Quantum Inc. (NYSE: QBTS) Trading Performance Indicators

Take a look at D-Wave Quantum Inc.’s (QBTS) current performance indicators. Last quarter, stock had a quick ratio of 1.60. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 19.94.

Technical Analysis of D-Wave Quantum Inc. (QBTS)

D-Wave Quantum Inc. (NYSE: QBTS) saw its 5-day average volume 1.16 million, a negative change from its year-to-date volume of 2.0 million. As of the previous 9 days, the stock’s Stochastic %D was 24.87%. Additionally, its Average True Range was 0.23.

During the past 100 days, D-Wave Quantum Inc.’s (QBTS) raw stochastic average was set at 3.07%, which indicates a significant decrease from 23.47% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 157.85% in the past 14 days, which was higher than the 126.58% volatility it showed in the past 100 days.

Nevertheless, the first resistance level for the watch stands at $1.2967 in the near term. At $1.3433, the stock is likely to face the second major resistance level. The third major resistance level sits at $1.4067. If the price goes on to break the first support level at $1.1867, it is likely to go to the next support level at $1.1233. The third support level lies at $1.0767 if the price breaches the second support level.

D-Wave Quantum Inc. (NYSE: QBTS) Key Stats

The company with the Market Capitalisation of 143.65 million has total of 111,506K Shares Outstanding. Its annual sales at the moment are 6,279 K in contrast with the sum of 24,250 K annual income. Company’s last quarter sales were recorded 1,700 K and last quarter income was -13,050 K.


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