On Monday, D-Wave Quantum Inc (NYSE: QBTS) opened higher 1.87% from the last session, before settling in for the closing price of $1.60. Price fluctuations for QBTS have ranged from $0.57 to $2.44 over the past 52 weeks.
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It was noted that within the last five years, the titan of the Technology sector saw sales topped by 12.11%. Company’s average yearly earnings per share was noted 22.55% at the time writing. With a float of $120.98 million, this company’s outstanding shares have now reached $170.14 million.
The extent of productivity of a business whose workforce counts for 200 workers is very important to gauge. 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
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 28.90%, while institutional ownership is 24.43%. 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
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 -0.07 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
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 35.56.
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)
The latest stats from [D-Wave Quantum Inc, QBTS] show that its last 5-days average volume of 11.99 million was superior to 4.21 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 92.78%. Additionally, its Average True Range was 0.14.
During the past 100 days, D-Wave Quantum Inc’s (QBTS) raw stochastic average was set at 84.61%, which indicates a significant increase from 80.37% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 144.02% in the past 14 days, which was higher than the 93.89% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.0400, while its 200-day Moving Average is $1.2863. Now, the first resistance to watch is $1.7900. This is followed by the second major resistance level at $1.9500. The third major resistance level sits at $2.1100. If the price goes on to break the first support level at $1.4700, it is likely to go to the next support level at $1.3100. The third support level lies at $1.1500 if the price breaches the second support level.
D-Wave Quantum Inc (NYSE: QBTS) Key Stats
There are currently 201,429K shares outstanding in the company with a market cap of 359.82 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.
