On Friday, D-Wave Quantum Inc (NYSE: QBTS) was 10.22% up from the session before settling in for the closing price of $2.74. A 52-week range for QBTS has been $0.68 – $3.77.
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Technology Sector giant saw their annual sales surged by 12.11% over the last five years. When this article was written, the company’s average yearly earnings per share was at 19.80%. With a float of $120.92 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
Also, it is sometimes useful to examine the sentiment of large-scale investors toward D-Wave Quantum Inc stocks. 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
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
You can see what D-Wave Quantum Inc (QBTS) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 1.28. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 79.16.
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 55.26 million was better than the volume posted last year of 5.85 million. As of the previous 9 days, the stock’s Stochastic %D was 60.23%. Additionally, its Average True Range was 0.35.
During the past 100 days, D-Wave Quantum Inc’s (QBTS) raw stochastic average was set at 75.16%, which indicates a significant increase from 68.15% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 208.38% in the past 14 days, which was higher than the 120.01% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.35, while its 200-day Moving Average is $1.36. Now, the first resistance to watch is $3.23. This is followed by the second major resistance level at $3.45. The third major resistance level sits at $3.69. If the price goes on to break the first support level at $2.77, it is likely to go to the next support level at $2.53. Should the price break the second support level, the third support level stands at $2.31.
D-Wave Quantum Inc (NYSE: QBTS) Key Stats
There are 224,015K outstanding shares of the company, which has a market capitalization of 745.65 million. As of now, sales total 8,760 K while income totals -82,720 K. Its latest quarter income was 1,870 K while its last quarter net income were -22,710 K.
