D-Wave Quantum Inc (NYSE: QBTS)’s stock price has decreased by -6.49 compared to its previous closing price of 0.94. However, the company has seen a -11.11% decrease in its stock price over the last five trading sessions. zacks.com reported 2024-08-01 that D-WAVE QUANTUM (QBTS) doesn’t possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Is It Worth Investing in D-Wave Quantum Inc (NYSE: QBTS) Right Now?
The stock has a 36-month beta value of 0.98. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for QBTS is 119.78M, and at present, short sellers hold a 9.44% of that float. On August 05, 2024, the average trading volume of QBTS was 4.16M shares.
QBTS’s Market Performance
The stock of D-Wave Quantum Inc (QBTS) has seen a -11.11% decrease in the past week, with a -20.00% drop in the past month, and a -37.14% fall in the past quarter. The volatility ratio for the week is 8.30%, and the volatility levels for the past 30 days are at 10.57% for QBTS. The simple moving average for the past 20 days is -19.09% for QBTS’s stock, with a -28.41% simple moving average for the past 200 days.
Analysts’ Opinion of QBTS
Many brokerage firms have already submitted their reports for QBTS stocks, with B. Riley Securities repeating the rating for QBTS by listing it as a “Buy.” The predicted price for QBTS in the upcoming period, according to B. Riley Securities is $3 based on the research report published on July 25, 2024 of the current year 2024.
Needham, on the other hand, stated in their research note that they expect to see QBTS reach a price target of $2.50. The rating they have provided for QBTS stocks is “Buy” according to the report published on April 08th, 2024.
Piper Sandler gave a rating of “Overweight” to QBTS, setting the target price at $12 in the report published on October 19th of the previous year.
QBTS Trading at -23.52% from the 50-Day Moving Average
After a stumble in the market that brought QBTS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -63.93% of loss for the given period.
Volatility was left at 10.57%, however, over the last 30 days, the volatility rate increased by 8.30%, as shares sank -29.28% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -28.71% lower at present.
During the last 5 trading sessions, QBTS fell by -11.42%, which changed the moving average for the period of 200-days by -6.81% in comparison to the 20-day moving average, which settled at $1.0694. In addition, D-Wave Quantum Inc saw -0.01% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at QBTS starting from Michael Emil, who sale 49,910 shares at the price of $1.26 back on Jun 04 ’24. After this action, Michael Emil now owns 887,138 shares of D-Wave Quantum Inc, valued at $62,887 using the latest closing price.
Michael Emil, the Director of D-Wave Quantum Inc, sale 25,675 shares at $1.35 during a trade that took place back on Jun 03 ’24, which means that Michael Emil is holding 937,048 shares at $34,761 based on the most recent closing price.
Stock Fundamentals for QBTS
Current profitability levels for the company are sitting at:
- -7.61 for the present operating margin
- 0.61 for the gross margin
The net margin for D-Wave Quantum Inc stands at -7.79. The total capital return value is set at -1.94.
Based on D-Wave Quantum Inc (QBTS), the company’s capital structure generated 2.32 points at debt to capital in total, while cash flow to debt ratio is standing at -0.91. The debt to equity ratio resting at -1.76. The interest coverage ratio of the stock is -101.48.
Currently, EBITDA for the company is -78.7 million with net debt to EBITDA at -0.62. When we switch over and look at the enterprise to sales, we see a ratio of 16.24. The receivables turnover for the company is 5.56for trailing twelve months and the total asset turnover is 0.2. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.10.
Conclusion
To sum up, D-Wave Quantum Inc (QBTS) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
