A new trading day began on May 19, 2023, with D-Wave Quantum Inc. (NYSE: QBTS) stock priced at $0.576, down -20.64% from the previous day of trading. During the day, the shares moved up to $0.576 and dropped to $0.48 before settling in for the closing price of $0.61. QBTS’s price has ranged from $0.40 to $13.23 over the past 52 weeks.
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Meanwhile, its annual earnings per share averaged -71.20%. With a float of $73.10 million, this company’s outstanding shares have now reached $111.58 million.
Let’s look at the performance matrix of the company that is accounted for 215 employees. In terms of profitability, gross margin is +59.25, operating margin of -828.91, and the pretax margin is -718.37.
D-Wave Quantum Inc. (QBTS) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing 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. Before that another transaction happened on Sep 02, when Company’s 10% Owner bought 630 for $6.22, making the entire transaction worth $3,916. This insider now owns 7,939,776 shares in total.
D-Wave Quantum Inc. (QBTS) Latest Financial update
In its latest quarterly report, released on 12/30/2022, the company reported earnings of -$0.11 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). This company achieved a net margin of -718.37 while generating a return on equity of -38.11. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.12 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -71.20% per share during the next fiscal year.
D-Wave Quantum Inc. (NYSE: QBTS) Trading Performance Indicators
Here are D-Wave Quantum Inc.’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.70. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 10.78.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.44, a number that is poised to hit -0.13 in the next quarter and is forecasted to reach -0.43 in one year’s time.
Technical Analysis of D-Wave Quantum Inc. (QBTS)
D-Wave Quantum Inc. (NYSE: QBTS) saw its 5-day average volume 1.52 million, a negative change from its year-to-date volume of 1.69 million. As of the previous 9 days, the stock’s Stochastic %D was 71.32%. Additionally, its Average True Range was 0.07.
During the past 100 days, D-Wave Quantum Inc.’s (QBTS) raw stochastic average was set at 5.48%, which indicates a significant decrease from 37.76% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 163.69% in the past 14 days, which was higher than the 143.97% volatility it showed in the past 100 days.
Nevertheless, the first resistance level for the watch stands at $0.5467 in the near term. At $0.6094, the stock is likely to face the second major resistance level. The third major resistance level sits at $0.6427. If the price goes on to break the first support level at $0.4507, it is likely to go to the next support level at $0.4174. The third support level lies at $0.3547 if the price breaches the second support level.
D-Wave Quantum Inc. (NYSE: QBTS) Key Stats
With a market capitalization of 77.62 million, the company has a total of 127,174K Shares Outstanding. Currently, annual sales are 7,170 K while annual income is -51,530 K. The company’s previous quarter sales were 5,480 K while its latest quarter income was -40,650 K.
