D-Wave Quantum Inc. (QBTS) has experienced a decline in stock price in recent times, with a -9.95% drop over the last five trading sessions. The stock has also seen a -26.45% monthly drop and a -48.75% quarterly drop. Analysts have mixed views 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 tech stocks. According to a report by BloombergNEF, annual spending on passenger EVs reached $388 billion in 2022, indicating significant growth. This presents an opportunity to invest in EV tech stocks.
QBTS, a company operating in the field of quantum computing, has experienced a decline in stock price. The stock has fallen by -9.95% in the past week, with a monthly drop of -26.45% and a quarterly drop of -48.75%. The volatility levels for QBTS over the last 30 days are 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 repeated their “Overweight” rating for QBTS and predicts a price target of $12 based on a research report published in October 2022. However, it is important to consider that QBTS is currently trading below its 50-day moving average.
In terms of stock fundamentals, QBTS has a present operating margin of -828.91 and a gross margin of +59.25. The net margin stands at -718.37. The total capital return value is -41.13, and the invested capital returns 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 decline in stock price and is currently trading below its 50-day moving average. Analysts have differing views on the stock, with some rating it as a “buy” and others as a “hold.” Investors should consider these factors before making investment decisions in QBTS.
– BloombergNEF report on EV spending in 2022
– Piper Sandler research report published in October 2022