D-Wave Quantum Inc [QBTS] stock prices are up 2.94% to $0.98 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The QBTS shares have gain 2.09% over the last week, with a monthly amount drifted -1.09%, 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 July 25, 2024, when B. Riley Securities initiated its Buy rating and assigned the stock a price target of $3. Previously, Needham started tracking the stock with Buy rating on April 08, 2024, and set its price target to $2.50. On October 19, 2022, Piper Sandler initiated with a Overweight rating and assigned a price target of $12 on the stock. ROTH Capital started tracking the stock assigning a Buy rating and suggested a price target of $20 on August 30, 2022.
The stock price of D-Wave Quantum Inc [QBTS] has been fluctuating between $0.57 and $2.44 over the past year. Currently, Wall Street analysts expect the stock to reach $2.75 within the next 12 months. D-Wave Quantum Inc [NYSE: QBTS] shares were valued at $0.98 at the most recent close of the market. An investor can expect a potential return of 180.61% based on the average QBTS price forecast.
Analyzing the QBTS fundamentals
The D-Wave Quantum Inc [NYSE:QBTS] reported sales of 10.12M for trailing twelve months, representing a surge of 27.89%. Gross Profit Margin for this corporation currently stands at 0.65% with Operating Profit Margin at -7.05%, Pretax Profit Margin comes in at -6.62%, and Net Profit Margin reading is -6.62%. To continue investigating profitability, this company’s Return on Assets is posted at -1.08, Equity is 3.61 and Total Capital is -3.78. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-3.05.
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 0.9475 points at the first support level, and at 0.9149 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.9983, and for the 2nd resistance point, it is at 1.0165.
Ratios To Look Out For
It’s worth pointing out that D-Wave Quantum Inc [NYSE:QBTS]’s Current Ratio is 1.09. On the other hand, the Quick Ratio is 1.04, and the Cash Ratio is 0.95. Considering the valuation of this stock, the price to sales ratio is 16.48.
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 May 31 ’24 to sell 36353.0 shares. Meanwhile, Director Michael Emil sold 25675.0 shares on Jun 03 ’24.
