D-Wave Quantum Inc (NYSE: QBTS) on Monday, soared 4.64% from the previous trading day, before settling in for the closing price of $0.84. Within the past 52 weeks, QBTS’s price has moved between $0.57 and $2.44.
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Technology Sector giant saw their annual sales surged by 12.11% over the last five years. The company achieved an average annual earnings per share of 19.80%. With a float of $119.78 million, this company’s outstanding shares have now reached $161.11 million.
The firm has a total of 200 workers. Let’s measure their productivity.
D-Wave Quantum Inc (QBTS) Insider Activity
Observing investor behavior towards Computer Hardware industry stocks is more important than anything else. The insider ownership of D-Wave Quantum Inc is 5.22%, while institutional ownership is 27.65%. 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) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around 19.80% 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 1.04 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 11.00.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.43, 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)
Analysing the last 5-days average volume posted by the [D-Wave Quantum Inc, QBTS], we can find that recorded value of 2.8 million was lower than the volume posted last year of 4.02 million. As of the previous 9 days, the stock’s Stochastic %D was 30.93%. 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 8.43%, which indicates a significant decrease from 42.23% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 77.42% in the past 14 days, which was higher than the 76.52% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.0957, while its 200-day Moving Average is $1.2294. Now, the first resistance to watch is $0.9198. This is followed by the second major resistance level at $0.9584. The third major resistance level sits at $0.9958. If the price goes on to break the first support level at $0.8438, it is likely to go to the next support level at $0.8064. Should the price break the second support level, the third support level stands at $0.7678.
D-Wave Quantum Inc (NYSE: QBTS) Key Stats
Market capitalization of the company is 111.37 million based on 171,270K outstanding shares. Right now, sales total 8,760 K and income totals -82,720 K. The company made 2,470 K in profit during its latest quarter, and -17,310 K in sales during its previous quarter.
