The stock of D-Wave Quantum Inc (NYSE:QBTS) last traded at $1.15, up 8.49% from the previous session.
QBTS stock price is now -13.31% away from the 50-day moving average and -5.27% away from the 200-day moving average. The market capitalization of the company currently stands at $145.34M.
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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, Michael Emil, Director sold 49,910 shares of the company’s stock on Jun 04 ’24. The stock was sold for $62,887 at an average price of $1.26. Upon completion of the transaction, the Director now directly owns 887,138 shares in the company, valued at $1.02 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 03 ’24, Director Michael Emil sold 25,675 shares of the business’s stock. A total of $34,761 was realized by selling the stock at an average price of $1.35. This leaves the insider owning 937,048 shares of the company worth $1.08 million. A total of 5.23% of the company’s stock is owned by insiders.
During the past 12 months, D-Wave Quantum Inc has had a low of $0.57 and a high of $3.20. The fifty day moving average price for QBTS is $1.315 and a two-hundred day moving average price translates $1.214315 for the stock.
The latest earnings results from D-Wave Quantum Inc (NYSE: QBTS) was released for 2024-03-31. 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.
