A new trading day began on Friday, with D-Wave Quantum Inc (NYSE: QBTS) stock price down -4.79% from the previous day of trading, before settling in for the closing price of $1.67. QBTS’s price has ranged from $0.40 to $3.20 over the past 52 weeks.
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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. Meanwhile, its annual earnings per share averaged 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 Updates
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 13.78%, while institutional ownership is 24.38%. 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) Performance Highlights and Predictions
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
Here are D-Wave Quantum Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 4.00. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 21.20.
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 2.64 million. That was inferior than the volume of 4.07 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 26.98%. Additionally, its Average True Range was 0.20.
During the past 100 days, D-Wave Quantum Inc’s (QBTS) raw stochastic average was set at 51.67%, which indicates a significant increase from 11.48% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 74.50% in the past 14 days, which was lower than the 122.02% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.8222, while its 200-day Moving Average is $1.3228. However, in the short run, D-Wave Quantum Inc’s stock first resistance to watch stands at $1.6867. Second resistance stands at $1.7833. The third major resistance level sits at $1.8667. If the price goes on to break the first support level at $1.5067, it is likely to go to the next support level at $1.4233. Assuming the price breaks the second support level, the third support level stands at $1.3267.
D-Wave Quantum Inc (NYSE: QBTS) Key Stats
With a market capitalization of 185.70 million, the company has a total of 161,682K Shares Outstanding. Currently, annual sales are 8,760 K while annual income is -82,720 K. The company’s previous quarter sales were 2,910 K while its latest quarter income was -16,380 K.
