In yesterday’s Wall Street session, D-Wave Quantum Inc (NYSE:QBTS) shares traded at $2.05, down -5.53% from the previous session.
QBTS stock price is now 50.04% away from the 50-day moving average and 53.46% away from the 200-day moving average. The market capitalization of the company currently stands at $232.47M.
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With the price target of $12, Piper Sandler recently initiated with Overweight rating for D-Wave Quantum Inc (NYSE: QBTS). On August 30, 2022, ROTH Capital recently initiated its ‘Buy’ rating on the stock quoting a target price of $20
In other news, Nguyen Diane, General Counsel sold 22,855 shares of the company’s stock on Oct 16 ’23. The stock was sold for $22,855 at an average price of $1.00. Upon completion of the transaction, the General Counsel now directly owns 254,643 shares in the company, valued at $0.52 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 15 ’23, Director Michael Emil sold 29,021 shares of the business’s stock. A total of $53,892 was realized by selling the stock at an average price of $1.86. This leaves the insider owning 36,353 shares of the company worth $74523.65. A total of 10.84% of the company’s stock is owned by insiders.
During the past 12 months, D-Wave Quantum Inc has had a low of $0.40 and a high of $3.20. The fifty day moving average price for QBTS is $1.3897 and a two-hundred day moving average price translates $1.3385 for the stock.
The latest earnings results from D-Wave Quantum Inc (NYSE: QBTS) was released for Sep, 2023. According to the Computer Hardware Company, earnings per share came in at -$0.12, beating analysts’ expectations of -$0.14 by 0.02. This compares to -$0.10 EPS in the same period last year. The net profit margin was -989.14% and return on equity was -49.68% for QBTS. The company reported revenue of $2.56 million for the quarter, compared to $1.7 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 51.15 percent. For the current quarter, analysts expect QBTS to generate $4.73M in revenue.
