D-Wave Quantum Inc (NYSE: QBTS) kicked off on Friday, up 34.22% from the previous trading day, before settling in for the closing price of $3.77. Over the past 52 weeks, QBTS has traded in a range of $0.68-$4.17.
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Annual sales at Technology sector company grew by 12.11% over the past five years. While this was happening, its average annual earnings per share was recorded 19.80%. With a float of $120.92 million, this company’s outstanding shares have now reached $164.20 million.
Let’s look at the performance matrix of the company that is accounted for 200 employees. 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 and Institutional Ownership
Our next focus will be how large-scale investors are participating in this stock of the Computer Hardware Industry. The insider ownership of D-Wave Quantum Inc is 28.93%, while institutional ownership is 26.67%. 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
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
Take a look at D-Wave Quantum Inc’s (QBTS) current performance indicators. Last quarter, stock had a quick ratio of 1.28. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 161.51.
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)
D-Wave Quantum Inc (NYSE: QBTS) saw its 5-day average volume 46.51 million, a positive change from its year-to-date volume of 6.71 million. As of the previous 9 days, the stock’s Stochastic %D was 79.03%. Additionally, its Average True Range was 0.51.
During the past 100 days, D-Wave Quantum Inc’s (QBTS) raw stochastic average was set at 96.42%, which indicates a significant increase from 95.80% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 225.84% in the past 14 days, which was higher than the 132.14% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.60, while its 200-day Moving Average is $1.40. Nevertheless, the first resistance level for the watch stands at $5.57 in the near term. At $6.07, the stock is likely to face the second major resistance level. The third major resistance level sits at $6.93. If the price goes on to break the first support level at $4.21, it is likely to go to the next support level at $3.35. The third support level lies at $2.85 if the price breaches the second support level.
D-Wave Quantum Inc (NYSE: QBTS) Key Stats
The company with the Market Capitalisation of 1.52 billion has total of 224,015K Shares Outstanding. Its annual sales at the moment are 8,760 K in contrast with the sum of -82,720 K annual income. Company’s last quarter sales were recorded 1,870 K and last quarter income was -22,710 K.
