D-Wave Quantum Inc (NYSE: QBTS) on Monday, plunged -3.99% from the previous trading day, before settling in for the closing price of $1.04. Within the past 52 weeks, QBTS’s price has moved between $0.57 and $2.44.
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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. The company achieved an average annual earnings per share of 22.55%. With a float of $121.12 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
Observing investor behavior towards Computer Hardware industry stocks is more important than anything else. The insider ownership of D-Wave Quantum Inc is 28.82%, while institutional ownership is 24.42%. 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
As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported -0.12 earnings per share (EPS) for the period topping the consensus outlook (set at -0.14) by 0.02. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.07 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
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 19.50.
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 6.38 million. That was better than the volume of 4.03 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 5.59%. Additionally, its Average True Range was 0.11.
During the past 100 days, D-Wave Quantum Inc’s (QBTS) raw stochastic average was set at 38.18%, which indicates a significant increase from 5.66% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 100.80% in the past 14 days, which was higher than the 83.16% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.0009, while its 200-day Moving Average is $1.2712. However, in the short run, D-Wave Quantum Inc’s stock first resistance to watch stands at $1.0407. Second resistance stands at $1.0828. The third major resistance level sits at $1.1157. If the price goes on to break the first support level at $0.9657, it is likely to go to the next support level at $0.9328. Assuming the price breaks the second support level, the third support level stands at $0.8907.
D-Wave Quantum Inc (NYSE: QBTS) Key Stats
Market capitalization of the company is 197.34 million based on 201,429K outstanding shares. Right now, sales total 8,760 K and income totals -82,720 K. The company made 2,180 K in profit during its latest quarter, and -17,780 K in sales during its previous quarter.
