At the time of writing, D-Wave Quantum Inc [QBTS] stock is trading at $1.11, up 2.78%. An important factor to consider is whether the stock is rising or falling in short-term value. The QBTS shares have gain 1.83% over the last week, with a monthly amount drifted -17.78%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
D-Wave Quantum Inc [NYSE: QBTS] stock has seen the most recent analyst activity on April 08, 2024, when Needham initiated its Buy rating and assigned the stock a price target of $2.50. Previously, Piper Sandler started tracking the stock with Overweight rating on October 19, 2022, and set its price target to $12. On August 30, 2022, ROTH Capital initiated with a Buy rating and assigned a price target of $20 on the stock.
For the past year, the stock price of D-Wave Quantum Inc fluctuated between $0.57 and $3.20. Currently, Wall Street analysts expect the stock to reach $3 within the next 12 months. D-Wave Quantum Inc [NYSE: QBTS] shares were valued at $1.11 at the most recent close of the market. An investor can expect a potential return of 170.27% based on the average QBTS price forecast.
Analyzing the QBTS fundamentals
According to D-Wave Quantum Inc [NYSE:QBTS], the company’s sales were 9.64M for trailing twelve months, which represents an 55.72% jump. Gross Profit Margin for this corporation currently stands at 0.61% with Operating Profit Margin at -7.61%, Pretax Profit Margin comes in at -7.79%, and Net Profit Margin reading is -7.79%. To continue investigating profitability, this company’s Return on Assets is posted at -1.54, Equity is 3.73 and Total Capital is -1.94. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -1.76.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 1.0633 points at the first support level, and at 1.0167 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.1433, and for the 2nd resistance point, it is at 1.1767.
Ratios To Look Out For
It is important to note that D-Wave Quantum Inc [NYSE:QBTS] has a current ratio of 3.10. On the other hand, the Quick Ratio is 2.91, and the Cash Ratio is 2.51. Considering the valuation of this stock, the price to sales ratio is 14.55.
Transactions by insiders
Recent insider trading involved Michael Emil, Director, that happened on Jun 04 ’24 when 49910.0 shares were sold. Director, Michael Emil completed a deal on Jun 03 ’24 to sell 25675.0 shares. Meanwhile, Director Michael Emil sold 36353.0 shares on May 31 ’24.
