While D-Wave Quantum Inc has overperformed by 44.60%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, QBTS rose by 608.82%, with highs and lows ranging from $5.38 to $0.68, whereas the simple moving average jumped by 385.92% in the last 200 days.
On July 25, 2024, B. Riley Securities started tracking D-Wave Quantum Inc (NYSE: QBTS) recommending Buy. A report published by Needham on April 08, 2024, Initiated its previous ‘Buy’ rating for QBTS. Piper Sandler also rated QBTS shares as ‘Overweight’, setting a target price of $12 on the company’s shares in an initiating report dated October 19, 2022. ROTH Capital Initiated an Buy rating on August 30, 2022, and assigned a price target of $20.
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Analysis of D-Wave Quantum Inc (QBTS)
Further, the quarter-over-quarter decrease in sales is -27.01%, showing a negative trend in the upcoming months.
In order to gain a clear picture of D-Wave Quantum Inc’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. Taking into account the quick ratio of the company, currently set at 1.28, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
An average volume of 20.21M can be a very valuable indicator of volatility for QBTS stock. On a monthly basis, the volatility of the stock is set at 25.99%, whereas on a weekly basis, it is put at 33.50%, with a gain of 55.48% over the past seven days. Furthermore, long-term investors anticipate a median target price of $3.47, showing decline from the present price of $7.23, which can serve as yet another indication of whether QBTS is worth investing in or should be passed over.
How Do You Analyze D-Wave Quantum Inc Shares?
In addition to the fundamentals, you should also consider how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 28.35%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 26.67% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
QBTS shares are owned by institutional investors to the tune of 26.67% at present.
