The trading price of D-Wave Quantum Inc (NYSE:QBTS) closed lower on Monday, April 22, closing at $1.51, -5.03% lower than its previous close.
In examining the 52-week price action we see that the stock hit a 52-week high of $3.20 and a 52-week low of $0.40. Over the past month, the stock has lost -20.53% in value.
D-Wave Quantum Inc, whose market valuation is $176.35 million at the time of this writing. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by -$0.09 per share this quarter, however they have predicted annual earnings per share of -$0.4 for 2024 and -$0.4 for 2025. It means analysts are expecting annual earnings per share growth of 33.30% this year and 0.00% next year.
Analysts have forecast the company to bring in revenue of $3.07 million for the current quarter, with the likely lows of $2.8 million and highs of $3.5 million. The average estimate suggests sales will likely up by 51.20% this quarter compared to what was recorded in the comparable quarter last year. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2024 is $15.43 million. The company’s revenue is forecast to grow by 76.20% over what it did in 2024.
A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of D-Wave Quantum Inc no upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest QBTS has a Hold on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
A quick review shows that QBTS’s price is currently -18.18% off the SMA20 and -17.13% off the SMA50. The RSI metric on the 14-day chart is currently showing 38.80, and weekly volatility stands at 12.11%. When measured over the past 30 days, the indicator reaches 10.06%. D-Wave Quantum Inc (NYSE:QBTS)’s beta value is currently sitting at 1.00, while the Average True Range indicator is currently displaying 0.20.
To see how D-Wave Quantum Inc stock has been performing in comparison to its peers in the industry, here are the numbers: QBTS stock’s performance was -5.03% in the latest trading, and 148.68% in the past year.
An evaluation of the daily trading volume of D-Wave Quantum Inc (NYSE:QBTS) indicates that the 3-month average is 4.66 million.
Currently, records show that 161.11 million of the company’s shares remain outstanding. The insiders hold 13.78% of outstanding shares, whereas institutions hold 24.38%. However, since the stock’s price has seen 71.57% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
