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QBTS
Stock ticker: NYSE
AS OF
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Price
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Change
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Capitalization
134.88M

QBTS D-Wave Quantum Forecast, Technical & Fundamental Analysis

Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for QBTS with price predictions
07:00 PM EST Dec 03, 2023

QBTS's RSI Oscillator recovers from oversold territory

The RSI Oscillator for QBTS moved out of oversold territory on October 31, 2023. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 12 similar instances when the indicator left oversold territory. In of the 12 cases the stock moved higher. This puts the odds of a move higher at .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on December 01, 2023. You may want to consider a long position or call options on QBTS as a result. In of 16 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for QBTS just turned positive on November 02, 2023. Looking at past instances where QBTS's MACD turned positive, the stock continued to rise in of 7 cases over the following month. The odds of a continued upward trend are .

QBTS moved above its 50-day moving average on December 01, 2023 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for QBTS crossed bullishly above the 50-day moving average on December 04, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 1 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Following a +2 3-day Advance, the price is estimated to grow further. Considering data from situations where QBTS advanced for three days, in of 53 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 10 cases where QBTS's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where QBTS declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

QBTS broke above its upper Bollinger Band on December 04, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

The Aroon Indicator for QBTS entered a downward trend on November 20, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. QBTS’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (15.038) is normal, around the industry mean (4.467). P/E Ratio (0.000) is within average values for comparable stocks, (60.497). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (57.090). QBTS's Dividend Yield (0.000) is considerably lower than the industry average of (0.036). P/S Ratio (15.576) is also within normal values, averaging (9.813).

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. QBTS’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 86, placing this stock worse than average.

A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Arista Networks (NYSE:ANET), Dell Technologies (NYSE:DELL), HP (NYSE:HPQ), NetApp (NASDAQ:NTAP), Seagate Technology Holdings PLC (NASDAQ:STX), Western Digital Corp (NASDAQ:WDC), Pure Storage (NYSE:PSTG), 3D Systems Corp (NYSE:DDD).

Industry description

Computer peripherals connect to a computer system to add functionality or to get information from or put information into computers. Think hard disk drive, data storage systems, cloud storage devices, printer and scanner, or mouse, keyboard etc. Some of the major companies operating in the computer peripherals industry include Western Digital Corporation, Seagate Technology PLC, NetApp, Inc., Zebra Technologies Corporation, and Xerox Holdings Corp.

Market Cap

The average market capitalization across the Computer Peripherals Industry is 5.77B. The market cap for tickers in the group ranges from 1.2K to 262.23B. ADTEF holds the highest valuation in this group at 262.23B. The lowest valued company is DPSM at 1.2K.

High and low price notable news

The average weekly price growth across all stocks in the Computer Peripherals Industry was 1%. For the same Industry, the average monthly price growth was 7%, and the average quarterly price growth was -1%. QBTS experienced the highest price growth at 21%, while UAVS experienced the biggest fall at -9%.

Volume

The average weekly volume growth across all stocks in the Computer Peripherals Industry was -29%. For the same stocks of the Industry, the average monthly volume growth was -34% and the average quarterly volume growth was -58%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 49
P/E Growth Rating: 64
Price Growth Rating: 56
SMR Rating: 72
Profit Risk Rating: 85
Seasonality Score: 32 (-100 ... +100)
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A.I. Advisor
published Earnings

QBTS is expected to report earnings to fall 21.67% to -9 cents per share on April 12

D-Wave Quantum QBTS Stock Earnings Reports
Q4'23
Est.
$-0.09
Q3'23
Beat
by $0.01
Q2'23
Missed
by $0.07
Q1'23
Missed
by $0.06
Q4'22
Beat
by $0.03
The last earnings report on November 09 showed earnings per share of -11 cents, beating the estimate of -12 cents. With 2.79M shares outstanding, the current market capitalization sits at 134.88M.
A.I. Advisor
published General Information

General Information

Industry ComputerPeripherals

Profile
Fundamentals
Details
Industry
N/A
Address
3033 Beta Avenue
Phone
+1 604 630-1428
Employees
215
Web
https://www.dwavesys.com
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QBTS and

Correlation & Price change

A.I.dvisor indicates that over the last year, QBTS has been loosely correlated with RGTI. These tickers have moved in lockstep 53% of the time. This A.I.-generated data suggests there is some statistical probability that if QBTS jumps, then RGTI could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To QBTS
1D Price
Change %
QBTS100%
+8.02%
RGTI - QBTS
53%
Loosely correlated
-3.33%
QUBT - QBTS
40%
Loosely correlated
+1.62%
IONQ - QBTS
37%
Loosely correlated
+1.14%
CRCT - QBTS
27%
Poorly correlated
+2.35%
DM - QBTS
27%
Poorly correlated
+5.21%
More

Groups containing QBTS

Correlation & Price change

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To QBTS
1D Price
Change %
QBTS100%
+8.02%
Computer Peripherals
(undefined stocks)
10%
Poorly correlated
+0.95%