The Street Is Finally Waking Up To D-Wave Quantum Inc (NYSE: QBTS)

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. Earlier, Yahoo Finance discussed this stock as it revealed D-Wave Announces Availability of 1,200+ Qubit Advantage2™ Prototype in the Leap™ Quantum Cloud Service, Making its Most Performant System Available to Customers Today.

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Stocks Info

D-Wave Quantum Inc is listed on the NYSE as a member of the Technology sector and is a part of the Computer Hardware industry. At the end of the last regular session, the stock closed at $1.35 and fluctuated between $1.5000 as its day high and $1.1900 as its day low. The current market capitalization of D-Wave Quantum Inc is $153.09M. A total of 10.87 million shares were traded on the day, compared to an average of 7.44 shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. 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 6 SELLs from insiders. Insiders purchased 1,909,633 shares during that period but sold 699,337.

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.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for QBTS in the last 3 months, the mean price target is $2.55 with high estimates of $5.00 and low estimates of $1.75. 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 -$0.1 per share for the current quarter. EPS was calculated based on a consensus of 2 estimates, with a high estimate of -$0.1 per share and a lower estimate of -$0.11. The company reported an EPS of -$0.2 in the last quarter, which was -42.90% lower than expectations of -$0.14.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. 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

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. 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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