Is qbts a buy
7/26/2024 08:00pm
**D-Wave Quantum (QBTS) is not a buy at this time**, and here's why:
1. **Analyst Ratings and Price Targets**: The consensus rating for QBTS is a "Strong Buy" according to 4 analysts. However, the average price target from analysts is $2.67, which is below the current closing price of $1.03, indicating that analysts do not see a significant upside potential.
|Ticker|Name|Closing Price|Date|code|market_code|
|---|---|---|---|---|---|
|QBTS.N|D-Wave Quantum|1.03|20240725|QBTS|169|
2. **Technical Indicators**: The stock's RSI is at 41.73, which is neither in the oversold nor overbought territory and suggests a lack of momentum. The MACD is negative, and the KDJ is at 2.14, which could be interpreted as a bearish signal.
3. **Moving Averages**: The 5-day and 10-day moving averages are $1.02 and $1.12, respectively, which are below the current closing price, indicating a short-term upward trend. However, the stock is trading below these averages, suggesting a potential downward movement.
|Ticker|Name|5-Day Moving Average|10-Day Moving Average|Date|code|market_code|
|---|---|---|---|---|---|---|
|QBTS.N|D-Wave Quantum|1.0240|1.1150|20240725|QBTS|169|
4. **Support and Resistance Levels**: The current support level is at $0.98, and the resistance level is at $1.05. The stock is trading close to the resistance level, which could indicate a potential for a pullback.
|Ticker|Name|Support Level|Resistance Level|Date|code|market_code|
|---|---|---|---|---|---|---|
|QBTS.N|D-Wave Quantum|0.9800|1.0500|20240725|QBTS|169|
5. **Fund Flow**: The net fund flow is negative at $-135,381.25, which could be a bearish sign. Additionally, there is no data available for net fund flow (extra-large order), which could mean that large investors are not actively participating in the stock.
6. **Financial Performance**: The company has a significant net loss of $17.31 million, and a negative revenue growth rate of 55.72%, which suggests that the company is not generating enough revenue to cover its expenses.
7. **Recent Performance**: The stock has experienced a significant 3-month percentage change of -32.24%, and the RSI low/high values indicate that the stock is currently in a downtrend.
|Ticker|Name|Interval Percentage Change|Date|code|market_code|
|---|---|---|---|---|---|
|QBTS.N|D-Wave Quantum|-32.23684210526316|20240425-20240725|QBTS|169|
In conclusion, while the stock has a strong buy rating from analysts, the average price target suggests that analysts do not see a significant upside potential. The technical indicators and financial performance raise concerns about the stock's future performance. Therefore, it is not recommended to buy QBTS at this time.