In Monday’s Wall Street session, D-Wave Quantum Inc (NYSE:QBTS) shares traded at $16.00, up 5.47% from the previous session.
QBTS stock price is now 39.43% away from the 50-day moving average and 163.96% away from the 200-day moving average. The market capitalization of the company currently stands at $5.00B.
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, Nielsen Kirstjen, Director sold 58,644 shares of the company’s stock on Jun 12 ’25. The stock was sold for $950,854 at an average price of $16.21. Upon completion of the transaction, the Director now directly owns 132,673 shares in the company, valued at $2.12 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 16 ’25, Director Nielsen Kirstjen sold 13,000 shares of the business’s stock. A total of $208,520 was realized by selling the stock at an average price of $16.04. This leaves the insider owning 119,673 shares of the company worth $1.91 million. A total of 5.48% 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.
