In yesterday’s Wall Street session, D-Wave Quantum Inc (NYSE:QBTS) shares traded at $1.33, down -5.00% from the previous session.
QBTS stock price is now -23.13% away from the 50-day moving average and 6.48% away from the 200-day moving average. The market capitalization of the company currently stands at $155.33M.
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With the price target of $2.50, Needham recently initiated with Buy rating for D-Wave Quantum Inc (NYSE: QBTS). On October 19, 2022, Piper Sandler recently initiated its ‘Overweight’ rating on the stock quoting a target price of $12, while ‘ROTH Capital’ rates the stock as ‘Buy’
In other news, Nguyen Diane, General Counsel sold 22,855 shares of the company’s stock on Oct 16 ’23. The stock was sold for $22,855 at an average price of $1.00. Upon completion of the transaction, the General Counsel now directly owns 254,643 shares in the company, valued at $0.34 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 15 ’23, Director Michael Emil sold 29,021 shares of the business’s stock. A total of $53,892 was realized by selling the stock at an average price of $1.86. This leaves the insider owning 36,353 shares of the company worth $48349.49. A total of 5.46% of the company’s stock is owned by insiders.
During the past 12 months, D-Wave Quantum Inc has had a low of $0.41 and a high of $3.20.
The net profit margin was -781.43% and return on equity was -49.68% for QBTS. The company reported revenue of $2.46 million for the quarter, compared to $1.58 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 55.72 percent.
