In a filing, D-Wave Quantum Inc revealed its Director Michael Emil unloaded Company’s shares for reported $62887.0 on Jun 04 ’24. In the deal valued at $1.26 per share,49,910 shares were sold. As a result of this transaction, Michael Emil now holds 887,138 shares worth roughly $0.89 million.
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Then, Michael Emil sold 36,353 shares, generating $47,379 in total proceeds. Upon selling the shares at $1.30, the Director now owns 962,723 shares.
Before that, Michael Emil sold 25,675 shares. D-Wave Quantum Inc shares valued at $34,761 were divested by the Director at a price of $1.35 per share. As a result of the transaction, Michael Emil now holds 937,048 shares, worth roughly $0.94 million.
B. Riley Securities initiated its D-Wave Quantum Inc [QBTS] rating to a Buy in a research note published on July 25, 2024; the price target was $3. A number of analysts have revised their coverage, including Needham’s analysts, who began to cover the stock in early April with a ‘”a Buy”‘ rating. Piper Sandler began covering QBTS with “an Overweight” recommendation on October 19, 2022. ROTH Capital started covering the stock on August 30, 2022. It rated QBTS as “a Buy”.
Price Performance Review of QBTS
On Tuesday, D-Wave Quantum Inc [NYSE:QBTS] saw its stock jump 1.47% to $1.00. Over the last five days, the stock has gained 6.61%. D-Wave Quantum Inc shares have risen nearly 13.38% since the year began. Nevertheless, the stocks have fallen -4.05% over the past one year. While a 52-week high of $2.44 was reached on 03/13/24, a 52-week low of $0.57 was recorded on 01/19/24. SMA at 50 days reached $0.9954, while 200 days put it at $1.2508.
Levels Of Support And Resistance For QBTS Stock
The 24-hour chart illustrates a support level at 0.9819, which if violated will result in even more drops to 0.9660. On the upside, there is a resistance level at 1.0119. A further resistance level may holdings at 1.0260. The Relative Strength Index (RSI) on the 14-day chart is 52.85, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.0399, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 17.54%. Stochastics %K at 78.88% indicates the stock is a holding.
How much short interest is there in D-Wave Quantum Inc?
A steep rise in short interest was recorded in D-Wave Quantum Inc stocks on 2024-08-30, dropping by -0.29 million shares to a total of 14.05 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 14.34 million shares. There was a decline of -2.04%, which implies that there is a negative sentiment for the stock.
