On Monday, D-Wave Quantum Inc (NYSE: QBTS) opened lower -6.54% from the last session, before settling in for the closing price of $1.07. Price fluctuations for QBTS have ranged from $0.57 to $2.44 over the past 52 weeks.
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Annual sales at Technology sector company grew by 12.11% over the past five years. Company’s average yearly earnings per share was noted 22.55% at the time writing. With a float of $119.78 million, this company’s outstanding shares have now reached $170.14 million.
Let’s look at the performance matrix of the company that is accounted 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 Updates
A key investor’s attitude towards the stock of the Computer Hardware industry is another important factor to consider. The insider ownership of D-Wave Quantum Inc is 29.60%, while institutional ownership is 24.56%. 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) Performance Highlights and Predictions
If we go through the results of last quarter, which was made public on 6/30/2024, the company posted -0.12 earnings per share (EPS) for the quarter, besting the agreed prediction (set at -0.14) by 0.02. 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
Check out the current performance indicators for D-Wave Quantum Inc (QBTS). In the past quarter, the stock posted a quick ratio of 1.04. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 16.81.
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)
D-Wave Quantum Inc (NYSE: QBTS) saw its 5-day average volume 3.87 million, a negative change from its year-to-date volume of 3.97 million. As of the previous 9 days, the stock’s Stochastic %D was 72.35%. 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 18.09%, which indicates a significant decrease from 69.40% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 82.74% in the past 14 days, which was higher than the 76.04% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.0473, while its 200-day Moving Average is $1.2407. Nevertheless, the first resistance level for the watch stands at $1.0500 in the near term. At $1.1000, the stock is likely to face the second major resistance level. The third major resistance level sits at $1.1300. If the price goes on to break the first support level at $0.9700, it is likely to go to the next support level at $0.9400. Assuming the price breaks the second support level, the third support level stands at $0.8900.
D-Wave Quantum Inc (NYSE: QBTS) Key Stats
There are currently 171,270K shares outstanding in the company with a market cap of 170.14 million. Presently, the company’s annual sales total 8,760 K according to its annual income of -82,720 K. Last quarter, the company’s sales amounted to 2,180 K and its income totaled -17,780 K.
