A Little Luck Can Go a Long Way with D-Wave Quantum Inc (QBTS) as it 5-day change was 1.03%

NFTs Stocks

D-Wave Quantum Inc (NYSE: QBTS) open the trading on Wednesday, with great promise as it jumped 7.07% to $1.97, before settling in for the price of $1.84 at the close. Taking a more long-term approach, QBTS posted a 52-week range of $0.40-$3.20.

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The Technology sector firm’s twelve-monthly sales growth has been 12.11% for the last half of the decade. Nevertheless, stock’s Earnings Per Share (EPS) this year is 45.56%. This publicly-traded company’s shares outstanding now amounts to $161.11 million, simultaneously with a float of $100.70 million. The organization now has a market capitalization sitting at $230.08 million. At the time of writing, stock’s 50-day Moving Average stood at $1.6090, while the 200-day Moving Average is $1.3336.

D-Wave Quantum Inc (QBTS) Ownership Facts and Figures

Sometimes it helps to make our mind if we keep our tabs on how bigger investors are working with the stock of the Computer Hardware industry. D-Wave Quantum Inc’s current insider ownership accounts for 13.78%, in contrast to 24.44% institutional ownership. According to the most recent insider trade that took place on Oct 16 ’23, this organization’s General Counsel sold 22,855 shares at the rate of 1.00, making the entire transaction reach 22,855 in total value, affecting insider ownership by 254,643. Preceding that transaction, on Jun 15 ’23, Company’s Director sold 29,021 for 1.86, making the whole transaction’s value amount to 53,892. This particular insider is now the holder of 36,353 in total.

D-Wave Quantum Inc (QBTS) Earnings and Revenue Records

So, what does the last quarter earnings report of the company that was made public on 12/30/2023 suggests? It has posted -$0.1 earnings per share (EPS) beating the forecaster’s viewpoint (set at -$0.1) by $0. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.11 per share during the current fiscal year.

D-Wave Quantum Inc’s EPS increase for this current 12-month fiscal period is 45.56% and is forecasted to reach -0.34 in the upcoming year.

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

Let’s observe the current performance indicators for D-Wave Quantum Inc (QBTS). It’s Quick Ratio in the last reported quarter now stands at 4.00. The Stock has managed to achieve an average true range (ATR) of 0.25. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 26.26.

In the same vein, QBTS’s Diluted EPS (Earnings per Share) trailing twelve months is recorded -0.62, a figure that is expected to reach -0.07 in the next quarter, and analysts are predicting that it will be -0.34 at the market close of one year from today.

Technical Analysis of D-Wave Quantum Inc (QBTS)

[D-Wave Quantum Inc, QBTS] recent stats showed that its last 5-days Average volume was superior the volume it posted in the year-ago period. During the previous 9 days, stock’s Stochastic %D was recorded 28.27% While, its Average True Range was 0.2504.

Raw Stochastic average of D-Wave Quantum Inc (QBTS) in the period of the previous 100 days is set at 74.87%, which indicates a major rise in contrast to 28.57% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 103.48% that was lower than 127.53% volatility it exhibited in the past 100-days period.