Quantum computing company D-Wave Quantum Inc. (QBTS) has experienced a decrease in its stock price in recent times, with a decline of 9.95% in the past five trading sessions. The stock has also dropped by 26.45% monthly and 48.75% quarterly. Analysts have mixed opinions on QBTS, with some rating it as a “buy” and others as a “hold.” The stock is currently trading below its 50-day moving average and its 52-week high.
In the rapidly growing electric vehicle (EV) industry, it is crucial to consider the performance of related technology stocks. According to a report by BloombergNEF, annual spending on passenger electric vehicles reached $388 billion in 2022, indicating significant growth. This presents an opportunity to invest in EV-related technology stocks.
QBTS, a company operating in the field of quantum computing, has experienced a decrease in its stock price. The stock has decreased by 9.95% in the past week, with a monthly decline of 26.45% and a quarterly decline of 48.75%. The volatility levels for QBTS in the past 30 days are at 10.77%. The stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
Analysts have varying opinions on QBTS. Piper Sandler has reiterated its “Overweight” rating for QBTS and forecasts a price target of $12 based on a research report published in October 2022. However, it is important to note that QBTS is currently trading below its 50-day moving average.
As for the fundamentals of the stock, QBTS has a current operating margin of -828.91 and a gross margin of +59.25. The net margin is -718.37. The total capital return value is -41.13, and the returns on invested capital are -36.10. The enterprise-to-sales ratio is 15.52, and the debt-to-enterprise value ratio is 0.10.
In conclusion, QBTS has faced a decrease in its stock price and is currently trading below its 50-day moving average. Analysts have different opinions on the stock, with some rating it as a “buy” and others as a “hold.” Investors should take these factors into account before making investment decisions in QBTS.
– BloombergNEF report on electric vehicle spending in 2022
– Piper Sandler research report published in October 2022