In recent trading session, D-Wave Quantum Inc (NYSE:QBTS) saw 2.18 million shares changing hands at last check today with its beta currently measuring 0.99. Company’s recent per share price level of $0.97 trading at -$0.06 or -5.73% at last check today assigns it a market valuation of $122.71M. That most recent trading price of QBTS’s stock is at a discount of -180.41% from its 52-week high price of $2.72 and is indicating a premium of 41.24% from its 52-week low price of $0.57. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 5.94 million shares which gives us an average trading volume of 4.13 million if we extend that period to 3-months.
For D-Wave Quantum Inc (QBTS), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.00. Splitting up the data highlights that, out of 4 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 4 see the stock as a Buy. 0 analyst(s) advised it as an Underweight.
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D-Wave Quantum Inc (NYSE:QBTS) trade information
Upright in the red during last session for losing -5.73%, in the last five days QBTS remained trading in the red while hitting it’s week-highest on Tuesday, 07/23/24 when the stock touched $0.97 price level, adding 14.16% to its value on the day. D-Wave Quantum Inc’s shares saw a change of 10.33% in year-to-date performance and have moved -4.80% in past 5-day. D-Wave Quantum Inc (NYSE:QBTS) showed a performance of -8.40% in past 30-days. Number of shares sold short was 11.31 million shares which calculate 2.15 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 2.5 to the stock, which implies a rise of 61.2% to its recent value today. Analysts have been projecting 2.5 as a low price target for the stock while placing it at a high target of 4. It follows that stock’s current price would drop -157.73% in reaching the projected high whereas dropping to the targeted low would mean a loss of -157.73% for stock’s current value.
D-Wave Quantum Inc (QBTS) estimates and forecasts
Statistics highlight that D-Wave Quantum Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company added 35.24% of value to its shares in past 6 months, showing an annual growth rate of 38.33% while that of industry is 21.90. Apart from that, the company came raising its revenue forecast for fiscal year 2024.
D-Wave Quantum Inc (NYSE:QBTS)’s Major holders
Insiders are in possession of 2.06% of company’s total shares while institution are holding 55.67 percent of that, with stock having share float percentage of 56.84%. Investors also watch the number of corporate investors in a company very closely, which is 55.67% institutions for D-Wave Quantum Inc that are currently holding shares of the company. PUBLIC SECTOR PENSION INVESTMENT BOARD is the top institutional holder at QBTS for having 59.43 million shares of worth $121.24 million. And as of 2024-03-31, it was holding 36.8433 of the company’s outstanding shares.
The second largest institutional holder is BLACKROCK INC., which was holding about 1.54 million shares on 2024-03-31. The number of shares represents firm’s hold over 1.1178 of outstanding shares, having a total worth of $3.15 million.
