In Thursday’s Wall Street session, D-Wave Quantum Inc (NYSE:QBTS) shares traded at $16.27, down -7.29% from the previous session.
QBTS stock price is now 73.14% away from the 50-day moving average and 218.55% away from the 200-day moving average. The market capitalization of the company currently stands at $4.75B.
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 85,762 shares of the company’s stock on May 23 ’25. The stock was sold for $1,610,054 at an average price of $18.77. Upon completion of the transaction, the General Counsel now directly owns 590,323 shares in the company, valued at $9.6 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 22 ’25, Director Biscay Roger sold 96,521 shares of the business’s stock. A total of $1,723,769 was realized by selling the stock at an average price of $17.86. This leaves the insider owning 106,626 shares of the company worth $1.73 million. A total of 5.50% 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 $19.76. As of last week, the company has a debt-to-equity ratio of 0.19, a current ratio of 20.73, and a quick ratio of 20.61.
The net profit margin was -617.83% and return on equity was -154.89% for QBTS. The company reported revenue of $15.0 million for the quarter, compared to $2.46 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 508.56 percent. For the current quarter, analysts expect QBTS to generate $2.58M in revenue.
