At the time of writing, D-Wave Quantum Inc [QBTS] stock is trading at $1.64, down -12.30%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The QBTS shares have gain 2.50% over the last week, with a monthly amount glided 57.69%, and 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.
For the past year, the stock price of D-Wave Quantum Inc fluctuated between $0.68 and $2.44. 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 $1.64 at the most recent close of the market. An investor can expect a potential return of 67.68% based on the average QBTS price forecast.
Analyzing the QBTS fundamentals
According to D-Wave Quantum Inc [NYSE:QBTS], the company’s sales were 9.42M for trailing twelve months, which represents an -27.01% plunge. Gross Profit Margin for this corporation currently stands at 0.64% with Operating Profit Margin at -7.8%, Pretax Profit Margin comes in at -7.83%, and Net Profit Margin reading is -7.83%. To continue investigating profitability, this company’s Return on Assets is posted at -1.49, Equity is 2.96 and Total Capital is -3.1. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-1.34.
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 1.5200 points at the first support level, and at 1.4000 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.8100, and for the 2nd resistance point, it is at 1.9800.
Ratios To Look Out For
It is important to note that D-Wave Quantum Inc [NYSE:QBTS] has a current ratio of 1.36. As well, the Quick Ratio is 1.28, while the Cash Ratio is 1.13. Considering the valuation of this stock, the price to sales ratio is 34.20.
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.
