D-Wave Quantum Inc. (QBTS) saw downtrend of -7.09% in the recent trading with $0.51 being its most recent. The current price level -96.14% lower than the highest price of $13.23 marked by the stock while trading over the past 52-weeks, whereas it is -7.09% higher than the lowest price of $0.55 the company dropped to over past 52-weeks. The latest news story on QBTS appeared in Business Wire under the title “D-Wave Quantum Inc. Announces Date of Fourth Quarter and Full Year Fiscal 2022 Earnings Call” on Mar-09-23.
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Squeezing the time span to 30 day period shows us the stock is currently trading -46.44% below one month high and is +0.20% above of the lowest during that time. Looking into the simple moving average, D-Wave Quantum Inc. (QBTS)’s stock stands at a SMA-50 of $1.0269 while that of 5-day is reading $0.5757.
Do analysts rate it as a buy, sell or hold?
Irrespective of recent performance, what’s important is what the future holds. In uncertain economic times, a clear picture is difficult to get. Analysts generally have a good understanding of the market works, which gives them a leg up in making predictions. Currently, the stock has been recommended as Moderate Buy by 5 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 2.00 for the stock.
D-Wave Quantum Inc. Earnings – What Happened With QBTS
Coming around sales and income figures on QBTS Stock Income Statement, public trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. During the reported three-month period, company’s sales were $1.7 billion.
QBTS – D-Wave Quantum Inc. Stock Earnings Estimates
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 116.26 million. QBTS does have institutional investors; and they hold 62.80% of the stock.
D-Wave Quantum Inc. – Insider Activity and Holdings
Moreover, the latest SEC filings also revealed that stock came across 0 new insider purchases involving 0 shares. On the other hand, QBTS declared 0 shares have been sold in 0 insider transactions over the past three months.
Currently, the stock has been recommended as Moderate Buy by 5 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 2.00 for the stock.