D-Wave Quantum Inc. [QBTS] moved down -4.35: Why It’s Important

D-Wave Quantum Inc. [NYSE: QBTS] price plunged by -4.35 percent to reach at -$0.05. The company report on August 22, 2023 at 7:00 AM that D-Wave Announces Increased Performance of Newest Quantum Hybrid Solver Available in the Leap Real-Time Quantum Cloud Service.

Enhanced Constrained Quadratic Model (CQM) solver helps businesses tackle more complex optimization problems through quantum/classical computation.

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D-Wave Quantum Inc. (NYSE: QBTS), a leader in quantum computing systems, software, and services and the world’s first commercial supplier of quantum computers, today announced an update to its Constrained Quadratic Model (CQM) hybrid solver in its Leap™ quantum cloud service. D-Wave has introduced algorithmic updates to its CQM solver that deliver increased performance for existing binary problem classes, which can include offer allocation, portfolio optimization, and satisfiability.

A sum of 3777174 shares traded at recent session while its average daily volume was at 7.34M shares. D-Wave Quantum Inc. shares reached a high of $1.15 and dropped to a low of $1.07 until finishing in the latest session at $1.10.

The one-year QBTS stock forecast points to a potential upside of 79.63. The average equity rating for QBTS stock is currently 2.00, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on D-Wave Quantum Inc. [QBTS]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for QBTS shares is $5.40 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on QBTS stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Piper Sandler have made an estimate for D-Wave Quantum Inc. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on October 19, 2022.

The Average True Range (ATR) for D-Wave Quantum Inc. is set at 0.23, with the Price to Sales ratio for QBTS stock in the period of the last 12 months amounting to 22.00.

QBTS Stock Performance Analysis:

D-Wave Quantum Inc. [QBTS] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -20.29. With this latest performance, QBTS shares dropped by -47.62% in over the last four-week period, additionally plugging by 57.14% over the last 6 months – not to mention a drop of -87.10% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for QBTS stock in for the last two-week period is set at 33.16, with the RSI for the last a single of trading hit 26.19, and the three-weeks RSI is set at 38.10 for D-Wave Quantum Inc. [QBTS]. The present Moving Average for the last 50 days of trading for this stock 1.9154, while it was recorded at 1.1880 for the last single week of trading, and 1.4221 for the last 200 days.

Insight into D-Wave Quantum Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and D-Wave Quantum Inc. [QBTS] shares currently have an operating margin of -828.91 and a Gross Margin at +59.25. D-Wave Quantum Inc.’s Net Margin is presently recorded at -718.37.

Return on Total Capital for QBTS is now -41.13, given the latest momentum, and Return on Invested Capital for the company is -36.10. Return on Equity for this stock declined to -38.11, with Return on Assets sitting at -31.47. Additionally, QBTS Total Debt to Total Capital is recorded at 146.12, with Total Debt to Total Assets ending up at 69.53.

Reflecting on the efficiency of the workforce at the company, D-Wave Quantum Inc. [QBTS] managed to generate an average of -$239,670 per employee. Receivables Turnover for the company is 13.30 with a Total Asset Turnover recorded at a value of 0.04.D-Wave Quantum Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.30 and a Current Ratio set at 0.40.

D-Wave Quantum Inc. [QBTS] Institutonal Ownership Details

The top three institutional holders of QBTS stocks are: VANGUARD GROUP INC with ownership of 1.31 billion shares, which is approximately 8.2089%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $170.67 trillion in QBTS stocks shares; and BERKSHIRE HATHAWAY INC, currently with $150.98 trillion in QBTS stock with ownership which is approximately 5.7381%.

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