In the latest trading session, 0.69 million D-Wave Quantum Inc (NYSE:QBTS) shares changed hands as the company’s beta touched 0.97. With the company’s most recent per share price at $1.00 changed hands at -$0.03 or -3.20% at last look, the market valuation stands at $169.63M. QBTS’s current price is a discount, trading about -144.0% off its 52-week high of $2.44. The share price had its 52-week low at $0.57, which suggests the last value was 43.0% up since then. When we look at D-Wave Quantum Inc’s average trading volume, we note the 10-day average is 2.09 million shares, with the 3-month average coming to 3.63 million.
Analysts gave the D-Wave Quantum Inc (QBTS) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 4 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended QBTS as a Hold, 4 felt it is a Buy and 0 rated the stock as Underweight.
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D-Wave Quantum Inc (NYSE:QBTS) trade information
Instantly QBTS was in red as seen in intraday trades today. With action 10.78%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 13.28%, with the 5-day performance at 10.78% in the green. However, in the 30-day time frame, D-Wave Quantum Inc (NYSE:QBTS) is -0.30% down. Looking at the short shares, we see there were 15.98 million shares sold at short interest cover period of 6.16 days.
The consensus price target for the stock as assigned by Wall Street analysts is 2.5, meaning bulls need an upside of 60.0% from its recent market value. According to analyst projections, QBTS’s forecast low is 2 with 4 as the target high. To hit the forecast high, the stock’s price needs a -300.0% plunge from its current level, while the stock would need to soar -100.0% for it to hit the projected low.
D-Wave Quantum Inc (QBTS) estimates and forecasts
Data shows that the D-Wave Quantum Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -49.90% over the past 6 months, a 33.33% in annual growth rate that is considerably higher than the industry average of 18.40%.
The 2024 estimates are for D-Wave Quantum Inc earnings to increase by 22.55%.
QBTS Dividends
D-Wave Quantum Inc is expected to release its next quarterly earnings report on 2024-Nov-07.
D-Wave Quantum Inc (NYSE:QBTS)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 1.68% of D-Wave Quantum Inc shares while 52.61% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 53.51%. There are 52.61% institutions holding the D-Wave Quantum Inc stock share, with PUBLIC SECTOR PENSION INVESTMENT BOARD the top institutional holder. As of 2024-06-30, the company held 36.8433% of the shares, roughly 59.43 million QBTS shares worth $67.75 million.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 3.8522% or 6.21 million shares worth $7.08 million as of 2024-06-30.
