D-Wave Quantum Inc (NYSE: QBTS) on Friday, plunged -4.68% from the previous trading day, before settling in for the closing price of $1.71. Within the past 52 weeks, QBTS’s price has moved between $0.40 and $3.20.
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A company in the Technology sector has jumped its sales by 12.11% annually for the last half of the decade. The company achieved an average annual earnings per share of 25.30%. With a float of $100.70 million, this company’s outstanding shares have now reached $161.11 million.
In an organization with 200 employees, it is important to assess its efficiency.
D-Wave Quantum Inc (QBTS) Insider and Institutional Ownership
Observing investor behavior towards Computer Hardware industry stocks is more important than anything else. The insider ownership of D-Wave Quantum Inc is 13.78%, while institutional ownership is 24.44%. The most recent insider transaction that took place on Oct 16 ’23, was worth 22,855. In this transaction General Counsel of this company sold 22,855 shares at a rate of $1.00, taking the stock ownership to the 254,643 shares. Before that another transaction happened on Jun 15 ’23, when Company’s Director sold 29,021 for $1.86, making the entire transaction worth $53,892. This insider now owns 36,353 shares in total.
D-Wave Quantum Inc (QBTS) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around 25.30% per share during the next fiscal year.
D-Wave Quantum Inc (NYSE: QBTS) Trading Performance Indicators
D-Wave Quantum Inc (QBTS) is currently performing well based on its current performance indicators. A quick ratio of 4.00 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 21.73.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.62, a number that is poised to hit -0.07 in the next quarter and is forecasted to reach -0.32 in one year’s time.
Technical Analysis of D-Wave Quantum Inc (QBTS)
Let’s dig in a bit further. During the last 5-days, its volume was 3.12 million. That was inferior than the volume of 4.17 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 11.74%. Additionally, its Average True Range was 0.21.
During the past 100 days, D-Wave Quantum Inc’s (QBTS) raw stochastic average was set at 53.94%, which indicates a significant increase from 8.06% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 80.06% in the past 14 days, which was lower than the 122.66% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.7512, while its 200-day Moving Average is $1.3352. However, in the short run, D-Wave Quantum Inc’s stock first resistance to watch stands at $1.6933. Second resistance stands at $1.7567. The third major resistance level sits at $1.8133. If the price goes on to break the first support level at $1.5733, it is likely to go to the next support level at $1.5167. The third support level lies at $1.4533 if the price breaches the second support level.
D-Wave Quantum Inc (NYSE: QBTS) Key Stats
Market capitalization of the company is 190.37 million based on 161,682K outstanding shares. Right now, sales total 8,760 K and income totals -82,720 K. The company made 2,910 K in profit during its latest quarter, and -16,380 K in sales during its previous quarter.
