D-Wave Quantum Inc [NYSE: QBTS] slipped around -0.01 points on Friday, while shares priced at $1.14 at the close of the session, down -0.87%.
Compared to the average trading volume of 3.36M shares, QBTS reached a trading volume of 18206285 in the most recent trading day, which is why market watchdogs consider the stock to be active.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
What do top market gurus say about 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 $3.00 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 1.00. 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.
Needham have made an estimate for D-Wave Quantum Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on April 08, 2024. While these analysts kept the previous recommendation, Piper Sandler raised their target price to Overweight. The new note on the price target was released on October 19, 2022, representing the official price target for D-Wave Quantum Inc stock. Previously, the target price had yet another raise to $20, while ROTH Capital analysts kept a Buy rating on QBTS stock.
The Average True Range (ATR) for D-Wave Quantum Inc is set at 0.10, with the Price to Sales ratio for QBTS stock in the period of the last 12 months amounting to 14.95.
How has QBTS stock performed recently?
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 -1.72. With this latest performance, QBTS shares dropped by -19.72% in over the last four-week period, additionally plugging by 17.53% over the last 6 months – not to mention a drop of -49.33% 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 43.22, with the RSI for the last a single of trading hit 45.81, and the three-weeks RSI is set at 42.62 for D-Wave Quantum Inc [QBTS]. The present Moving Average for the last 50 days of trading for this stock 1.3044, while it was recorded at 1.1140 for the last single week of trading, and 1.2151 for the last 200 days.
D-Wave Quantum Inc [QBTS]: Deeper insight into the fundamentals
D-Wave Quantum Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.91 and a Current Ratio set at 3.10.
Insider trade positions for D-Wave Quantum Inc [QBTS]
The top three institutional holders of QBTS stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in QBTS stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in QBTS stock with ownership which is approximately 5.8386%.