D-Wave Quantum Inc (NYSE: QBTS) Shares Inclined By 28.92% In One Month.

In the last trading session, 2.63 million D-Wave Quantum Inc (NYSE:QBTS) shares changed hands as the company’s beta touched 0.41. With the company’s per share price at $1.09 changed hands at $0.16 or 17.20% during last session, the market valuation stood at $123.61M. QBTS’s last price was a discount, traded about -193.58% off its 52-week high of $3.20. The share price had its 52-week low at $0.40, which suggests the last value was 63.3% up since then. When we look at D-Wave Quantum Inc’s average trading volume, we note the 10-day average is 1.71 million shares, with the 3-month average coming to 1.76.

D-Wave Quantum Inc (NYSE:QBTS) trade information

Instantly QBTS was in green as seen at the end of in last trading. With action 12.49%, the performance over the past five days has been green. The jump to weekly highs of 1.0900 added 17.20% to the stock’s daily price. The company’s shares are showing year-to-date upside of 23.85%, with the 5-day performance at 12.49% in the green. However, in the 30-day time frame, D-Wave Quantum Inc (NYSE:QBTS) is 28.92% up. Looking at the short shares, we see there were 4.54 million shares sold at short interest cover period of 3.4 days.

#1 Small-Cap Uranium Stock for Ultra-Fast Gains in 2024

We've uncovered THE ONE small-cap uranium stock that has unearthed a near-surface, high-grade uranium discovery in the Saudi Arabia of Uranium — Canada's prolific Athabasca Basin. Best of all, this small-cap uranium stock is currently flying just below Wall Street's radar… giving you the early-entry opportunity around US$0.30 per share. But that won't last long. Drills are turning right now with results set to be released to the market very, very soon.

Learn all about it in this brand new FREE online report.

D-Wave Quantum Inc (QBTS) estimates and forecasts

Data shows that the D-Wave Quantum Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -26.35% over the past 6 months, a -30.23% in annual growth rate that is considerably lower than the industry average of 20.90%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2024 revenue estimates. The rating firms predict current quarter revenue for D-Wave Quantum Inc will rise 9.10%, while the growth in revenue is estimated to hit 40.00% for the next quarter. Year-over-year growth is forecast to reach 47.90% up from the last financial year.

Consensus estimates given by 4 financial analysts project the company’s revenue in the current quarter to hit an average of $4.73 million. 4 analysts are of the opinion that D-Wave Quantum Inc’s revenue for the quarter ending Mar 2024 will be $4.56 million. The company’s revenue for the corresponding quarters a year ago was $2.4 million and $2.03 million respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 97.50%. The estimates for the next quarter sales put growth at 124.60%.

On Key

Related Posts