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.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
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.