D-Wave Quantum Inc. (NYSE:QBTS) currently has a daily average trading volume of 2.39M but it saw 15416595 shares traded on Thursday. With a market cap of 200.41M USD, stock’s current market price of $1.25 came rising about 13.64 while comparing to the previous closing price of $1.10. In past 52 weeks, the stock remained buoying in the range of price level as high as $13.23 and as low as $0.40. In the recent trading on the day, stock has struck highest price mark of $1.43 while lowest mark touched by it was $1.03.
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Taking a look at 20-day trading activity of D-Wave Quantum Inc. (QBTS) gives us an average price of $0.5980, while its current price level is -90.55% below from 52-week high level whereas it is 215.50% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $0.5923 while that of 200 days or SMA-200 reads an average of $2.9723. A closer look into the stock’s movement over the week reveals that its volatility is standing at 50.03% during that period while stretching the period over a month that decreases to 20.78%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 77.60 which implies that the stock is in overbought territory.
D-Wave Quantum Inc. (QBTS)’s stock is currently under the radar of 5 analysts who are in consensus at a 12-month price target range of between $1.00 and $3.00 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $1.00 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $3.00. Average price target assigned by them is $1.90 which highlights an upside potential of 34.21% for the stock over that period. And to attain the median price target of $2.00 assigned by those analysts, stock has to add about 37.5% of value to its current levels.
Data by FactSet Research shows that 5 analysts have issued their ratings for the stock. 0 of them are in opinions that stock is a Sell, while 0 are advising it as an Overweight. 5 analysts suggested the investors to Buy the stock while 0 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Buy for the stock and that issued by Wall Street to investors is Moderate Buy.
Over the week, QBTS’s stock price is moving 104.92% up while it is 150.50% when we observe its performance for the past one month. Year-to-date it is -13.19% down and over the past year, the stock is showing a downside performance of -87.35%.
The latest quarterly earnings report issued by the company was for quarter ended 3/30/2023, when its quarterly earnings per share (EPS) of -$0.2 beaten by the consensus estimate of -$0.13 for the same. The company is expected to be releasing its next quarterly report in 08/15/2023, for which analysts forecasted an EPS of -$0.13 while estimate for next year EPS is -$0.52. For QBTS, analysts are forecasting an EPS-growth rate of -20.90% for current year and estimate for EPS growth in next year is -13.50%. In next quarter, company is expected to be making quarterly sales of $3.32 million as analysts are expecting the sales for current fiscal year at $12.14 million and seeing the company making $25.95 million in sales next year. Moreover, analysts are in estimates of $2.29 million for current-quarter revenue.
Currently, D-Wave Quantum Inc.’s total number of outstanding shares is 111.58M with 0.56% of that held by the insiders while 101.73% of its common stock has been owned by the institutions. Company’s return on equity (ROE) at 48.20%. Stock has a price to sale or P/S ratio amounts to 27.84. Its return on asset (ROA) is -147.00% on average.
