In yesterday’s Wall Street session, D-Wave Quantum Inc (NYSE:QBTS) shares traded at $4.65, down -8.10% from the previous session.
QBTS stock price is now 177.49% away from the 50-day moving average and 229.81% away from the 200-day moving average. The market capitalization of the company currently stands at $1.40B.
With the price target of $3, B. Riley Securities recently initiated with Buy rating for D-Wave Quantum Inc (NYSE: QBTS). On April 08, 2024, Needham recently initiated its ‘Buy’ rating on the stock quoting a target price of $2.50, while ‘Piper Sandler’ rates the stock as ‘Overweight’
In other news, Michael Emil, Director sold 49,910 shares of the company’s stock on Jun 04 ’24. The stock was sold for $62,887 at an average price of $1.26. Upon completion of the transaction, the Director now directly owns 887,138 shares in the company, valued at $4.13 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 31 ’24, Director Michael Emil sold 36,353 shares of the business’s stock. A total of $47,379 was realized by selling the stock at an average price of $1.30. This leaves the insider owning 962,723 shares of the company worth $4.48 million. A total of 28.93% of the company’s stock is owned by insiders.
During the past 12 months, D-Wave Quantum Inc has had a low of $0.68 and a high of $5.22. The fifty day moving average price for QBTS is $1.60338 and a two-hundred day moving average price translates $1.39562 for the stock.
The latest earnings results from D-Wave Quantum Inc (NYSE: QBTS) was released for 2024-06-30. The company reported revenue of $1.87 million for the quarter, compared to $2.56 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -27.01 percent.
