In today’s recent session, 1.24 million shares of the D-Wave Quantum Inc (NYSE:QBTS) have been traded, and its beta is 1.04. Most recently the company’s share price was $1.37, and it changed around -$0.03 or -2.50% from the last close, which brings the market valuation of the company to $159.42M. QBTS at last check was trading at a discount to its 52-week high of $3.20, offering almost -133.58% off that amount. The share price’s 52-week low was $0.41, which indicates that the recent value has risen by an impressive 70.07% since then. We note from D-Wave Quantum Inc’s average daily trading volume that its 3-month average coming to 4.70 million.
D-Wave Quantum Inc (NYSE:QBTS) trade information
Instantly QBTS has been showing red trend so far today with a performance of -2.50% on intraday trading today. The performance over the last five days has remained in the green territory. The company’s shares are currently up 55.10% year-to-date, but still up 0.37% over the last five days. On the other hand, D-Wave Quantum Inc (NYSE:QBTS) is -21.10% down in the 30-day period.
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The consensus price target as assigned by Wall Street analysts is $3, which translates to bulls needing to increase their stock price by 54.33% from its current value. Analyst projections state that QBTS is forecast to be at a low of $2.5 and a high of $4.
D-Wave Quantum Inc (QBTS) estimates and forecasts
D-Wave Quantum Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 87.91 percent over the past six months and at a 40.00% annual growth rate that is well above the industry average of 24.30%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 55.00% in revenue this quarter, and will report an increase of 25.00% in the next quarter. The year-over-year growth rate is expected to be 41.40%, up from the previous year.
Consensus estimates provided by 3 financial analysts predict the company will bring in an average of $2.78 million in revenue for the current quarter. 3 analysts expect D-Wave Quantum Inc to make $3.27 million in revenue for the quarter ending Sep 2024. The company’s sales for the same quarters a year ago were $1.71 million and $2.56 million respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 62.90%. Forecasts for the next quarter put sales growth at 27.60%.
