In yesterday’s Wall Street session, D-Wave Quantum Inc (NYSE:QBTS) shares traded at $2.00, up 1.52% from the previous session.
QBTS stock price is now 24.30% away from the 50-day moving average and 49.97% away from the 200-day moving average. The market capitalization of the company currently stands at $233.58M.
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 $0.51 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 $72706.0. A total of 13.78% 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 $1.6090 and a two-hundred day moving average price translates $1.3336 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 -$0.1, inline with analysts’ expectations of -$0.1. This compares to -$0.16 EPS in the same period last year. The net profit margin was -943.43% and return on equity was -49.68% for QBTS. The company reported revenue of $2.91 million for the quarter, compared to $2.39 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 21.39 percent. For the current quarter, analysts expect QBTS to generate $3.92M in revenue.
