D-Wave Quantum Inc [QBTS] stock prices are up 46.89% to $10.15 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The QBTS shares have gain 95.95% over the last week, with a monthly amount glided 68.05%, and seem to be holding up well over a long-time horizon.
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 $0.75 and $11.41 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 $10.15 at the most recent close of the market. An investor can expect a potential drop of -72.91% based on the average QBTS price forecast.
Analyzing the QBTS fundamentals
The D-Wave Quantum Inc [NYSE:QBTS] reported sales of 8.83M for trailing twelve months, representing a drop of -20.54%. Gross Profit Margin for this corporation currently stands at 0.63% with Operating Profit Margin at -8.75%, Pretax Profit Margin comes in at -16.3%, and Net Profit Margin reading is -16.3%. To continue investigating profitability, this company’s Return on Assets is posted at -0.72, Equity is 45.17 and Total Capital is -0.46. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.13.
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 8.45 points at the first support level, and at 6.74 for the second support level. However, for the 1st resistance point, the stock is sitting at 11.03, and for the 2nd resistance point, it is at 11.90.
Ratios To Look Out For
It’s worth pointing out that D-Wave Quantum Inc [NYSE:QBTS]’s Current Ratio is 6.14. Also, the Quick Ratio is 6.08, while the Cash Ratio stands at 5.9. Considering the valuation of this stock, the price to sales ratio is 356.72, the price to book ratio is 43.20.
Transactions by insiders
Recent insider trading involved Nguyen Diane, General Counsel, that happened on Jan 23 ’25 when 2383.0 shares were sold. Chief Financial Officer, Markovich John M. completed a deal on Jan 23 ’25 to sell 5582.0 shares. Meanwhile, President & CEO BARATZ ALAN E sold 8372.0 shares on Jan 23 ’25.
