D-Wave Quantum Inc. (NYSE:QBTS)’s traded shares stood at 0.65 million during the last session. At the last check today, the stock’s price was $0.51, to imply a decrease of -7.07% or -$0.04 in intraday trading. The QBTS share’s 52-week high remains $13.23, putting it -2494.12% down since that peak but still an impressive -7.84% since price per share fell to its 52-week low of $0.55. The company has a valuation of $66.92M, with an average of 0.73 million shares in intraday trading volume over the past 10 days and average of 1.93 million shares over the past 3 months.
Analysts have given a consensus recommendation of a Buy for D-Wave Quantum Inc. (QBTS), translating to a mean rating of 2.00. Of 5 analyst(s) looking at the stock, 0 analyst(s) give QBTS a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 5 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -$0.13.
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D-Wave Quantum Inc. (NYSE:QBTS) trade information
After registering a -7.07% downside in the latest session, D-Wave Quantum Inc. (QBTS) has traded red over the past five days. The stock hit a weekly high of 0.7000 this Wednesday, 03/15/23, dropping -7.07% in its intraday price action. The 5-day price performance for the stock is -24.84%, and -41.42% over 30 days. With these gigs, the year-to-date price performance is -64.51%. Short interest in D-Wave Quantum Inc. (NYSE:QBTS) saw shorts transact 0.47 million shares and set a 0.4 days time to cover.
Analysts on Wall Street suggest a consensus price target of $6.20, implying an increase of 91.77% to the stock’s recent value. The extremes give us $4.00 and $10.00 for target low and target high price respectively. As such, QBTS has been trading -1860.78% off suggested target high and -684.31% from its likely low.
D-Wave Quantum Inc. (QBTS) estimates and forecasts
Revenue forecast for the current quarter as set by 3 analysts is $2.63 million. Meanwhile, for the quarter ending Mar 2023, a total of 3 analyst(s) estimate revenue growth to $3.26 million.
D-Wave Quantum Inc. has its next earnings report out in April. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. D-Wave Quantum Inc. has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.
D-Wave Quantum Inc. (NYSE:QBTS)’s Major holders
D-Wave Quantum Inc. insiders hold 6.07% of total outstanding shares, with institutional holders owning 128.97% of the shares at 137.31% float percentage. In total, 128.97% institutions holds shares in the company, led by Public Sector Pension Investment Board. As of Sep 29, 2022, the company held over 59.43 million shares (or 94.19% of shares), all amounting to roughly $467.72 million.
The next major institution holding the largest number of shares is Goldman Sachs Group Inc with 7.94 million shares, or about 12.58% of shares outstanding. As of the market price on Sep 29, 2022, these shares were worth $62.49 million.
We also have Janus Detroit St Tr-Janus Henderson Small Cap Growth Alpha ETF and Janus Detroit St Tr-Janus Small/Mid Cap Growth Alpha ETF as the top two Mutual Funds with the largest holdings of the D-Wave Quantum Inc. (QBTS) shares. Going by data provided on Oct 30, 2022, Janus Detroit St Tr-Janus Henderson Small Cap Growth Alpha ETF holds roughly 80979.0 shares. This is just over 0.13% of the total shares, with a market valuation of $0.24 million. Data from the same date shows that the other fund manager holds a little less at 53767.0, or 0.09% of the shares, all valued at about 0.16 million.