D-Wave Quantum Inc (NYSE: QBTS) on Tuesday, plunged -6.57% from the previous trading day, before settling in for the closing price of $2.89. Within the past 52 weeks, QBTS’s price has moved between $0.68 and $3.77.
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Technology Sector giant saw their annual sales surged by 12.11% over the last five years. The company achieved an average annual earnings per share of 19.80%. With a float of $120.98 million, this company’s outstanding shares have now reached $170.14 million.
The firm has a total of 200 workers. Let’s measure their productivity. In terms of profitability, gross margin is 64.27%, operating margin of -780.27%, and the pretax margin is -783.28%.
D-Wave Quantum Inc (QBTS) Insider Activity
Observing investor behavior towards Computer Hardware industry stocks is more important than anything else. The insider ownership of D-Wave Quantum Inc is 28.90%, while institutional ownership is 26.85%. 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) Earnings and Forecasts
As on 9/30/2024, Multinational firm has announced its last quarter scores, in which it reported -0.09 earnings per share (EPS) for the period falling under the consensus outlook (set at -0.08) by -0.01. 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 19.80% 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 1.28 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 64.21.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.42, 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)
Analysing the last 5-days average volume posted by the [D-Wave Quantum Inc, QBTS], we can find that recorded value of 54.94 million was better than the volume posted last year of 5.65 million. As of the previous 9 days, the stock’s Stochastic %D was 70.93%. Additionally, its Average True Range was 0.34.
During the past 100 days, D-Wave Quantum Inc’s (QBTS) raw stochastic average was set at 64.56%, which indicates a significant increase from 59.50% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 222.96% in the past 14 days, which was higher than the 121.07% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.27, while its 200-day Moving Average is $1.34. Now, the first resistance to watch is $2.91. This is followed by the second major resistance level at $3.13. The third major resistance level sits at $3.32. If the price goes on to break the first support level at $2.50, it is likely to go to the next support level at $2.31. Should the price break the second support level, the third support level stands at $2.09.
D-Wave Quantum Inc (NYSE: QBTS) Key Stats
Market capitalization of the company is 604.84 million based on 224,015K outstanding shares. Right now, sales total 8,760 K and income totals -82,720 K. The company made 1,870 K in profit during its latest quarter, and -22,710 K in sales during its previous quarter.
