D-Wave Quantum Inc (NYSE: QBTS) kicked off on Monday, down -8.55% from the previous trading day, before settling in for the closing price of $0.94. Over the past 52 weeks, QBTS has traded in a range of $0.57-$2.44.
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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. 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.
In an organization with 200 employees, it is important to assess its efficiency.
D-Wave Quantum Inc (QBTS) Insider Updates
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 5.22%, while institutional ownership is 25.42%. 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) Performance Highlights and Predictions
In the latest quarterly report, which was put into the public domain on 3/31/2024, the organization reported -0.2 earnings per share (EPS), lower than consensus estimate (set at -0.14) by -0.06. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.09 per share during the current fiscal year.
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 11.28.
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)
Let’s dig in a bit further. During the last 5-days, its volume was 3.28 million. That was inferior than the volume of 4.06 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 20.77%. Additionally, its Average True Range was 0.10.
During the past 100 days, D-Wave Quantum Inc’s (QBTS) raw stochastic average was set at 3.23%, which indicates a significant decrease from 11.40% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 80.61% in the past 14 days, which was higher than the 78.72% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.1432, while its 200-day Moving Average is $1.2288. However, in the short run, D-Wave Quantum Inc’s stock first resistance to watch stands at $0.9063. Second resistance stands at $0.9520. The third major resistance level sits at $1.0012. If the price goes on to break the first support level at $0.8114, it is likely to go to the next support level at $0.7622. Assuming the price breaks the second support level, the third support level stands at $0.7165.
D-Wave Quantum Inc (NYSE: QBTS) Key Stats
The company with the Market Capitalisation of 108.76 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.
