A new trading day began on Monday, with D-Wave Quantum Inc (NYSE: QBTS) stock price down -0.35% from the previous day of trading, before settling in for the closing price of $0.93. QBTS’s price has ranged from $0.57 to $2.44 over the past 52 weeks.
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During the last 5-year period, the sales growth of Technology Sector giant was 12.11%. Meanwhile, its annual earnings per share averaged 22.55%. With a float of $119.78 million, this company’s outstanding shares have now reached $170.14 million.
Let’s determine the extent of company efficiency that accounts for 200 employees. In terms of profitability, gross margin is 64.68%, operating margin of -704.86%, and the pretax margin is -661.65%.
D-Wave Quantum Inc (QBTS) Insider Activity
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 29.60%, while institutional ownership is 24.63%. 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 May 31 ’24, when Company’s Director sold 36,353 for $1.30, making the entire transaction worth $47,379. This insider now owns 962,723 shares in total.
D-Wave Quantum Inc (QBTS) Earnings and Forecasts
In its latest quarterly report, released on 6/30/2024, the company reported earnings of -0.12 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.08 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 22.55% 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 1.04. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 15.58.
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 -0.29 in one year’s time.
Technical Analysis of D-Wave Quantum Inc (QBTS)
Looking closely at D-Wave Quantum Inc (NYSE: QBTS), its last 5-days average volume was 2.49 million, which is a drop from its year-to-date volume of 3.97 million. As of the previous 9 days, the stock’s Stochastic %D was 73.16%. Additionally, its Average True Range was 0.09.
During the past 100 days, D-Wave Quantum Inc’s (QBTS) raw stochastic average was set at 12.15%, which indicates a significant decrease from 60.83% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 76.08% in the past 14 days, which was higher than the 75.59% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.0598, while its 200-day Moving Average is $1.2360. However, in the short run, D-Wave Quantum Inc’s stock first resistance to watch stands at $0.9462. Second resistance stands at $0.9657. The third major resistance level sits at $0.9937. If the price goes on to break the first support level at $0.8987, it is likely to go to the next support level at $0.8707. Should the price break the second support level, the third support level stands at $0.8512.
D-Wave Quantum Inc (NYSE: QBTS) Key Stats
With a market capitalization of 157.65 million, the company has a total of 171,270K Shares Outstanding. Currently, annual sales are 8,760 K while annual income is -82,720 K. The company’s previous quarter sales were 2,180 K while its latest quarter income was -17,780 K.
