D-Wave Quantum Inc (NYSE:QBTS) currently has a daily average trading volume of 34.89M but it saw 100067862 shares traded in last market. With a market cap of 2.66B USD, the company’s current market price of $9.90 came rising about 24.53 while comparing to the previous closing price of $7.95. In past 52 weeks, the stock remained buoying in the range of price level as high as $10.50 and as low as $0.68. In the recent trading on the day, stock has struck highest price mark of $7.64 while lowest mark touched by it was $9.93.
Taking a look at 20-day trading activity of D-Wave Quantum Inc (QBTS) gives us an average price of $5.45, while its current price level is -5.71% below from 52-week high level whereas it is 1353.10% 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 $3.07 while that of 200 days or SMA-200 reads an average of $1.71. A closer look into the stock’s movement over the week reveals that its volatility is standing at 32.29% during that period while stretching the period over a month that decreases to 28.21%. 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 73.24 which implies that the stock is in overbought territory.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the B. Riley Securities which initiated the stock as “Buy” in its note to investors issued on July 25, 2024, recommending a price target of $3 for it. Piper Sandler also issued its recommendations for the stock as it initiated the price target for the stock is $12.
Over the week, QBTS’s stock price is moving 10.49% up while it is 242.56% when we observe its performance for the past one month. Year-to-date it is 1024.87% up and over the past year, the stock is showing an upside performance of 922.83%.
The company is expected to be releasing its next quarterly report in January, for which analysts forecasted an EPS of -0.08 while estimate for next year EPS is -0.34. In next quarter, company is expected to be making quarterly sales of $2.66M as analysts are expecting the sales for current fiscal year at $8.76M and seeing the company making $14.81M in sales next year. Moreover, analysts are in estimates of $2.22M for current-quarter revenue.
Currently, D-Wave Quantum Inc’s total number of outstanding shares is 164.20M. Company’s return on investment (ROI) stands at -334.55%. Stock’s beta reads 1.63. Stock has a price to sale or P/S ratio amounts to 282.87. Its return on asset (ROA) is -123.29% on average.
