In today’s recent session, 0.77 million shares of the D-Wave Quantum Inc (NYSE:QBTS) have been traded, and its beta is 0.96. Most recently the company’s share price was $0.97, and it changed around -$0.03 or -3.45% from the last close, which brings the market valuation of the company to $164.27M. QBTS at last check was trading at a discount to its 52-week high of $2.44, offering almost -151.55% off that amount. The share price’s 52-week low was $0.57, which indicates that the recent value has risen by an impressive 41.24% since then. We note from D-Wave Quantum Inc’s average daily trading volume that its 10-day average is 2.08 million shares, with the 3-month average coming to 3.35 million.
D-Wave Quantum Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 7 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 0 recommended QBTS as a Hold, whereas 7 deemed it a Buy, and 0 rated it as Underweight. D-Wave Quantum Inc is expected to report earnings per share of -0.08 for the current quarter.
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D-Wave Quantum Inc (NYSE:QBTS) trade information
Instantly QBTS has been showing red trend so far today with a performance of -3.45% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 1.0100 on recent trading dayincreased the stock’s daily price by 3.96%. The company’s shares are currently up 9.70% year-to-date, but still down -1.77% over the last five days. On the other hand, D-Wave Quantum Inc (NYSE:QBTS) is 9.72% up in the 30-day period. We can see from the shorts that 15.98 million shares have been sold at a short interest cover period of 6.16 day(s).
The consensus price target as assigned by Wall Street analysts is $2.5, which translates to bulls needing to increase their stock price by 61.2% from its current value. Analyst projections state that QBTS is forecast to be at a low of $2 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 fallen -47.81 percent over the past six months and at a 33.33% annual growth rate that is well above the industry average of 18.70%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 33.30% in revenue this quarter, and will report an increase of 30.00% in the next quarter. The year-over-year growth rate is expected to be 15.20%, up from the previous year.
Consensus estimates provided by 5 financial analysts predict the company will bring in an average of 2.53M in revenue for the current quarter. 5 analysts expect D-Wave Quantum Inc to make 2.91M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 2.56M and 2.91M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -1.20%. Forecasts for the next quarter put sales growth at 0.10%.
QBTS Dividends
D-Wave Quantum Inc’s next quarterly earnings report is expected to be released on 2024-Nov-07.
D-Wave Quantum Inc (NYSE:QBTS)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 1.68% of D-Wave Quantum Inc shares, and 52.58% of them are in the hands of institutional investors. The stock currently has a share float of 53.48%. D-Wave Quantum Inc stock is held by 99.0 institutions, with PUBLIC SECTOR PENSION INVESTMENT BOARD being the largest institutional investor. By 2024-06-30, it held 36.8433% of the shares, which is about 59.43 million shares worth $67.75 million.
BLACKROCK INC., with 3.8522% or 6.21 million shares worth $7.08 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
ETF Series Solutions-Defiance Quantum ETF and iShares Russell 2000 ETF were the top two Mutual Funds as of Jun 30, 2024. The former held 3.65 shares worth $3.51 million, making up 2.31% of all outstanding shares. On the other hand, iShares Russell 2000 ETF held roughly 2.36 shares worth around $2.27 million, which represents about 1.50% of the total shares outstanding.
