In Friday’s session, D-Wave Quantum Inc (NYSE:QBTS) marked $0.86 per share, down from $0.91 in the previous session. While D-Wave Quantum Inc has underperformed by -5.97%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, QBTS fell by -66.31%, with highs and lows ranging from $3.20 to $0.40, whereas the simple moving average fell by -25.15% in the last 200 days.
On October 19, 2022, Piper Sandler started tracking D-Wave Quantum Inc (NYSE: QBTS) recommending Overweight.
Analysis of D-Wave Quantum Inc (QBTS)
Further, the quarter-over-quarter increase in sales is 51.15%, showing a positive trend in the upcoming months.
D-Wave Quantum Inc’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. The goal here is to ensure that your current return on equity of -1978.63% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.29, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
The average volume for any stock is also a very valuable indicator of volatility, and QBTS has an average volume of 2.14M. On a monthly basis, the volatility of the stock is set at 18.24%, whereas on a weekly basis, it is put at 10.68%, with a gain of 19.29% over the past seven days. Furthermore, long-term investors anticipate a median target price of $2.70, showing growth from the present price of $0.86, which can serve as yet another indication of whether QBTS is worth investing in or should be passed over.
How Do You Analyze D-Wave Quantum Inc Shares?
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 12.30%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 30.09% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
Are institutional investors increasing their holdings in QBTS shares?
The recent increase in stakes in QBTS appears to be a result of several institutional investors and hedge funds increasing their positions. During the last quarter, the company picked up 82 additional shares for a total stake of worth $5.73 million, bringing number of shares owned by the company to 7,939,417.
During the first quarter, BlackRock Fund Advisors added a 963,587 position in QBTS. CIBC Private Wealth Advisors, Inc purchased an additional 0.88 million shares in the last quarter, increasing its holdings by 440.00%, now holding 1.08 million shares worth $0.78 million. QBTS shares are owned by institutional investors to the tune of 30.09% at present.