A new trading day began on Monday, with D-Wave Quantum Inc (NYSE: QBTS) stock price up 3.42% from the previous day of trading, before settling in for the closing price of $1.17. QBTS’s price has ranged from $0.57 to $2.44 over the past 52 weeks.
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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. 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.
In an organization with 200 employees, it is important to assess its efficiency. 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
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 24.41%. 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
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 20.34.
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)
Let’s dig in a bit further. During the last 5-days, its volume was 8.98 million. That was better than the volume of 3.8 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 79.84%. Additionally, its Average True Range was 0.08.
During the past 100 days, D-Wave Quantum Inc’s (QBTS) raw stochastic average was set at 62.14%, which indicates a significant decrease from 80.84% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 74.10% in the past 14 days, which was lower than the 78.56% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.9718, while its 200-day Moving Average is $1.2544. However, in the short run, D-Wave Quantum Inc’s stock first resistance to watch stands at $1.2833. Second resistance stands at $1.3567. The third major resistance level sits at $1.4233. If the price goes on to break the first support level at $1.1433, it is likely to go to the next support level at $1.0767. Assuming the price breaks the second support level, the third support level stands at $1.0033.
D-Wave Quantum Inc (NYSE: QBTS) Key Stats
With a market capitalization of 205.87 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.
