A new trading day began on Tuesday, with D-Wave Quantum Inc (NYSE: QBTS) stock price up 1.47% from the previous day of trading, before settling in for the closing price of $0.98. QBTS’s price has 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. Meanwhile, its annual earnings per share averaged 22.55%. With a float of $121.09 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 and Institutional Ownership
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 28.83%, while institutional ownership is 24.51%. 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) Latest Financial update
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 16.78.
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 1.61 million, a negative change from its year-to-date volume of 3.8 million. As of the previous 9 days, the stock’s Stochastic %D was 85.70%. Additionally, its Average True Range was 0.07.
During the past 100 days, D-Wave Quantum Inc’s (QBTS) raw stochastic average was set at 26.95%, which indicates a significant decrease from 82.46% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 72.66% in the past 14 days, which was lower than the 76.76% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.9954, while its 200-day Moving Average is $1.2508. Nevertheless, the first resistance level for the watch stands at $1.0119 in the near term. At $1.0260, the stock is likely to face the second major resistance level. The third major resistance level sits at $1.0419. If the price goes on to break the first support level at $0.9819, it is likely to go to the next support level at $0.9660. The third support level lies at $0.9519 if the price breaches the second support level.
D-Wave Quantum Inc (NYSE: QBTS) Key Stats
With a market capitalization of 169.78 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.
