The price of D-Wave Quantum Inc (NYSE:QBTS) shares last traded on Wall Street fell -11.59% to $6.41.
QBTS stock price is now -3.15% away from the 50-day moving average and 144.78% away from the 200-day moving average. The market capitalization of the company currently stands at $1.99B.
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, Nguyen Diane, General Counsel sold 2,383 shares of the company’s stock on Jan 23 ’25. The stock was sold for $12,558 at an average price of $5.27. Upon completion of the transaction, the General Counsel now directly owns 448,162 shares in the company, valued at $2.87 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 23 ’25, Chief Financial Officer Markovich John M. sold 5,582 shares of the business’s stock. A total of $29,417 was realized by selling the stock at an average price of $5.27. This leaves the insider owning 1,064,556 shares of the company worth $6.82 million. A total of 16.89% of the company’s stock is owned by insiders.
During the past 12 months, D-Wave Quantum Inc has had a low of $0.75 and a high of $11.41.
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.
