D-Wave Quantum Inc (NYSE: QBTS) kicked off on Monday, down -0.01% from the previous trading day, before settling in for the closing price of $0.99. Over the past 52 weeks, QBTS has traded in a range of $0.57-$2.72.
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Annual sales at Technology sector company grew by 12.11% over the past five years. While this was happening, its average annual earnings per share was recorded 21.58%. With a float of $119.78 million, this company’s outstanding shares have now reached $161.11 million.
Let’s look at the performance matrix of the company that is accounted for 200 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 5.23%, while institutional ownership is 24.87%. The most recent insider transaction that took place on Jun 04 ’24, was worth 62,887. In this transaction Director of this company sold 49,910 shares at a rate of $1.26, taking the stock ownership to the 887,138 shares. Before that another transaction happened on Jun 03 ’24, when Company’s Director sold 25,675 for $1.35, making the entire transaction worth $34,761. This insider now owns 937,048 shares in total.
D-Wave Quantum Inc (QBTS) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around 21.58% 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 2.91. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 12.98.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.53, a number that is poised to hit -0.08 in the next quarter and is forecasted to reach -0.30 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 4.4 million, a positive change from its year-to-date volume of 4.09 million. As of the previous 9 days, the stock’s Stochastic %D was 11.17%. Additionally, its Average True Range was 0.11.
During the past 100 days, D-Wave Quantum Inc’s (QBTS) raw stochastic average was set at 2.36%, which indicates a significant decrease from 7.87% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 98.78% in the past 14 days, which was higher than the 89.90% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.1762, while its 200-day Moving Average is $1.2294. Nevertheless, the first resistance level for the watch stands at $1.0393 in the near term. At $1.0886, the stock is likely to face the second major resistance level. The third major resistance level sits at $1.1172. If the price goes on to break the first support level at $0.9614, it is likely to go to the next support level at $0.9328. The third support level lies at $0.8835 if the price breaches the second support level.
D-Wave Quantum Inc (NYSE: QBTS) Key Stats
The company with the Market Capitalisation of 125.12 million has total of 171,270K Shares Outstanding. Its annual sales at the moment are 8,760 K in contrast with the sum of -82,720 K annual income. Company’s last quarter sales were recorded 2,470 K and last quarter income was -17,310 K.
