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Sunday, December 3, 2023

D-Wave Quantum Inc (NYSE: QBTS) Could Be Viewed Differently By Investors Because Of These Numbers

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for D-Wave Quantum Inc (QBTS) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.02, or -2.44%, to $0.80. The D-Wave Quantum Inc has recorded 11,548 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that D-Wave Demonstrates Error Mitigation on the Advantage2™ Prototype, Extending Coherent Annealing Range by an Order of Magnitude.

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Stocks Info

The company is listed on the NYSE and operates within the Computer Hardware industry segment. At the end of the last regular session, the stock closed at $0.82 and fluctuated between $0.8200 as its day high and $0.7300 as its day low. The current market capitalization of D-Wave Quantum Inc is $81.10M. A total of 2.05 million shares were traded on the day, compared to an average of 2.26M shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, QBTS has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 10 BUYs and 1 SELLs from insiders. Insiders purchased 1,858,958 shares during that period but sold 15,000.

In the most recent transaction, Nguyen Diane sold 22,855 shares of QBTS for 1.00 per share on Oct 16. After the transaction, the General Counsel now owns 254,643 company shares. In a previous transaction on Jun 15, Michael Emil sold 29,021 shares at 1.86 per share. QBTS shares that Director owns now total 36,353.

Among the insiders who sold shares, Brydon Victoria disposed of 15,000 shares on Jun 09 at a per-share price of $2.39. This resulted in the insider holding 332,800 shares of QBTS after the transaction. In another insider transaction, WEST STEVEN M bought 25,000 shares at $2.55 per share on Nov 17. Company shares held by the Director now total 54,021.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for QBTS in the last 3 months, the mean price target is $2.70 with high estimates of $5.00 and low estimates of $2.00. In terms of 52-week highs and lows, QBTS has a high of $3.20 and a low of $0.40.

As of this writing, QBTS has an earnings estimate of $Powerbridge Technologies Co., L per share for the current quarter. EPS was calculated based on a consensus of D-Wave Quantum Inc. estimates, with a high estimate of $QLTS per share and a lower estimate of $BTS.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. QBTS’s latest balance sheet shows that the firm has $9.48M in Cash & Short Term Investments as of fiscal 2021. There were $21.17M in debt and $10.29M in liabilities at the time. Its Book Value Per Share was $0.06, while its Total Shareholder’s Equity was $3.02M.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for QBTS is Buy with a score of 5.00.

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