D-Wave Quantum Inc (NYSE:QBTS)’s traded shares stood at 13.33 million during the last session, with the company’s beta value hitting 0.98. At the close of trading, the stock’s price was $1.19, to imply a decrease of -0.83% or -$0.01 in intraday trading. The QBTS share’s 52-week high remains $2.44, putting it -105.04% down since that peak but still an impressive 52.1% since price per share fell to its 52-week low of $0.57. The company has a valuation of $202.47M, with an average of 7.55 million shares in intraday trading volume over the past 10 days and average of 3.26 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for D-Wave Quantum Inc (QBTS), translating to a mean rating of 1.00. Of 4 analyst(s) looking at the stock, 0 analyst(s) give QBTS a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 4 recommend it as a Buy.
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D-Wave Quantum Inc (NYSE:QBTS) trade information
After registering a -0.83% downside in the last session, D-Wave Quantum Inc (QBTS) has traded red over the past five days. The 5-day price performance for the stock is 14.42%, and 26.60% over 30 days. With these gigs, the year-to-date price performance is 35.21%. Short interest in D-Wave Quantum Inc (NYSE:QBTS) saw shorts transact 15.79 million shares and set a 7.49 days time to cover.
The extremes give us $2 and $4 for target low and target high price respectively. As such, QBTS has been trading -236.13% off suggested target high and -68.07% from its likely low.
D-Wave Quantum Inc (QBTS) estimates and forecasts
Looking at statistics comparing D-Wave Quantum Inc share performance against respective industry, we note that the company has outperformed competitors. D-Wave Quantum Inc (QBTS) shares are -21.71% down over the last 6 months, with its year-to-date growth rate higher than industry average at 33.33% against 18.70%.
QBTS Dividends
D-Wave Quantum Inc has its next earnings report out in November. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
D-Wave Quantum Inc (NYSE:QBTS)’s Major holders
D-Wave Quantum Inc insiders hold 1.68% of total outstanding shares, with institutional holders owning 52.50% of the shares at 53.40% float percentage. In total, 52.50% institutions holds shares in the company, led by PUBLIC SECTOR PENSION INVESTMENT BOARD. As of 2024-06-30, the company held over 59.43 million shares (or 36.8433% of shares), all amounting to roughly $67.75 million.
The next major institution holding the largest number of shares is BLACKROCK INC. with 6.21 million shares, or about 3.8522% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $7.08 million.
