• Wed. Nov 29th, 2023

    Critical Thought

    Critical thoughts on quantum technologies

    Is It Worth Investing in D-Wave Quantum Inc. (QBTS) Right Now?

    BySam Figg

    Jul 31, 2023
    Is It Worth Investing in D-Wave Quantum Inc. (QBTS) Right Now?

    QBTS stock has experienced a decline of -12.86% in the past week, with a monthly decline of -6.67% and a quarterly surge of 325.96%. The volatility ratio for the week is 16.41%, and the volatility levels for the last 30 days are 17.34% for D-Wave Quantum Inc. The simple moving average for the last 20 days is -7.14% for QBTS’s stock, with a simple moving average of 19.24% for the last 200 days. The company has a 36-month beta value of -0.20.

    The average price predicted for D-Wave Quantum Inc. (QBTS) by analysts is $3.50, which is $2.6 above the current market price. The public float for QBTS is 80.83M, and short sellers hold 2.22% of that float. On July 31, 2023, the average trading volume of QBTS was 6.53M shares.

    D-Wave Quantum Inc. (NYSE: QBTS) has seen a stock price increase of 9.95 compared to the previous closing price of 1.91. However, over the last five trading days, the company’s stock price has declined by -12.86%.

    According to Piper Sandler, QBTS has an “Overweight” rating, with a predicted price of $12 based on a research report published on October 19, 2022.

    QBTS is currently trading at 13.28% above the 50-day moving average. It has experienced a loss of -84.13% over the last 52 weeks but has shown a recent increase of +266.49% over the last 50 days.

    Insider trading activities at QBTS have been reported, including sales by Michael Emil and Brydon Victoria.

    The current profitability levels for D-Wave Quantum Inc. are as follows: -828.91 for the present operating margin, +59.25 for the gross margin, and -718.37 for the net margin. The liquidity ratio stands at 0.88.

    In conclusion, D-Wave Quantum Inc. (QBTS) has had mixed performance recently. Analysts have differing opinions on the stock, with some considering it a “buy” and others a “hold”. The stock is currently trading significantly below its 50-day moving average and its 52-week high.