D-Wave Quantum Inc (NYSE: QBTS): Stock That Needs Special Handling

Currently, there are 113.34M common shares owned by the public and among those 101.17M shares have been available to trade.

Insiders at the company have transacted a total of 16 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 10 of these insider trades were purchases, accounting for 1,909,633 shares. Insider sales of the common stock occurred on 6 occasions, with total insider shares sold totaling 699,337 shares.

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The company’s stock has a 5-day price change of 52.91% and 89.63% over the past three months. QBTS shares are trading 53.39% year to date (YTD), with the 12-month market performance up to 23.85% higher. It has a 12-month low price of $0.40 and touched a high of $3.20 over the same period. QBTS has an average intraday trading volume of 7.44 shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 61.44%, 51.50%, and 13.57% respectively.

Institutional ownership of D-Wave Quantum Inc (NYSE: QBTS) shares accounts for 30.13% of the company’s 113.34M shares outstanding.

It has a market capitalization of $153.09M and a beta (3y monthly) value of 0.41. The earnings-per-share (ttm) stands at -$0.64. Price movements for the stock have been influenced by the stock’s volatility, which stands at 13.87% over the week and 11.13% over the month.

Analysts forecast that D-Wave Quantum Inc (QBTS) will achieve an EPS of -$0.1 for the current quarter, -$0.12 for the next quarter and -$0.55 for 2024. The lowest estimate earnings-per-share for the quarter is -$0.11 while analysts give the company a high EPS estimate of -$0.1. Comparatively, EPS for the current quarter was -$0.11 a year ago. Earnings per share for the fiscal year are expected to decrease by -17.67%, and 17.79% over the next financial year.

Looking at the support for the QBTS, a number of firms have released research notes about the stock. Piper Sandler stated their Overweight rating for the stock in a research note on October 19, 2022, with the firm’s price target at $12.

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