The stock of D-Wave Quantum Inc (QBTS) has gone down by -11.11% for the week, with a 6.11% rise in the past month and a 5.05% rise in the past quarter. The volatility ratio for the week is 16.90%, and the volatility levels for the past 30 days are 9.90% for QBTS. The simple moving average for the last 20 days is 1.81% for QBTS stock, with a simple moving average of -17.48% for the last 200 days.
Is It Worth Investing in D-Wave Quantum Inc (NYSE: QBTS) Right Now?
The 36-month beta value for QBTS is at 0.96. Analysts have varying views on the stock, with 7 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for QBTS is 121.12M, and currently, shorts hold a 13.18% of that float. The average trading volume for QBTS on October 28, 2024 was 3.52M shares.
QBTS) stock’s latest price update
The stock price of D-Wave Quantum Inc (NYSE: QBTS) has plunged by -8.77 when compared to previous closing price of 1.14, but the company has seen a -11.11% decline in its stock price over the last five trading sessions. zacks.com reported 2024-10-18 that Quantum computing is a revolutionary, next-generation technology used to solve complex equations. Stock Strategist Andrew Rocco explains that though its in its early stages, quantum computing is likely to disrupt several industries.
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 5.07% 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 -57.38% of loss for the given period.
Volatility was left at 9.90%, however, over the last 30 days, the volatility rate increased by 16.90%, as shares surge +0.97% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.74% upper at present.
During the last 5 trading sessions, QBTS fell by -11.11%, which changed the moving average for the period of 200-days by +23.00% in comparison to the 20-day moving average, which settled at $1.0215. In addition, D-Wave Quantum Inc saw 18.17% in overturn over a single year, with a tendency to cut further gains.
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 36,353 shares at $1.30 during a trade that took place back on May 31 ’24, which means that Michael Emil is holding 962,723 shares at $47,379 based on the most recent closing price.
Stock Fundamentals for QBTS
Current profitability levels for the company are sitting at:
- -7.05 for the present operating margin
- 0.65 for the gross margin
The net margin for D-Wave Quantum Inc stands at -6.62. The total capital return value is set at -3.78.
Based on D-Wave Quantum Inc (QBTS), the company’s capital structure generated 1.49 points at debt to capital in total, while cash flow to debt ratio is standing at -0.89. The debt to equity ratio resting at -3.05. The interest coverage ratio of the stock is -64.7.
Currently, EBITDA for the company is -78.7 million with net debt to EBITDA at -0.47. When we switch over and look at the enterprise to sales, we see a ratio of 23.83. The receivables turnover for the company is 6.44for trailing twelve months and the total asset turnover is 0.16. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.09.
Conclusion
In conclusion, D-Wave Quantum Inc (QBTS) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
