The stock of D-Wave Quantum Inc (NYSE:QBTS) last traded at $0.99, down -3.87% from the previous session.
QBTS stock price is now -16.88% away from the 50-day moving average and -19.50% away from the 200-day moving average. The market capitalization of the company currently stands at $125.13M.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target of $3, B. Riley Securities recently initiated with Buy rating for D-Wave Quantum Inc (NYSE: QBTS). On April 08, 2024, Needham recently initiated its ‘Buy’ rating on the stock quoting a target price of $2.50, while ‘Piper Sandler’ rates the stock as ‘Overweight’
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 $0.88 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 $0.93 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 $2.72. The fifty day moving average price for QBTS is $1.183 and a two-hundred day moving average price translates $1.22982 for the stock.
The latest earnings results from D-Wave Quantum Inc (NYSE: QBTS) was released for 2024-03-31. 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.
