During the last session, D-Wave Quantum Inc (NYSE:QBTS)’s traded shares were 7.91 million, with the beta value of the company hitting 0.96. At the end of the trading day, the stock’s price was $1.06, reflecting an intraday loss of -6.19% or -$0.07. The 52-week high for the QBTS share is $2.44, that puts it down -130.19 from that peak though still a striking 46.23% gain since the share price plummeted to a 52-week low of $0.57. The company’s market capitalization is $213.52M, and the average intraday trading volume over the past 10 days was 10.42 million shares, and the average trade volume was 3.84 million shares over the past three months.
D-Wave Quantum Inc (QBTS) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.00. QBTS has a Sell rating from 0 analyst(s) out of 4 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 4 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.08.
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D-Wave Quantum Inc (NYSE:QBTS) trade information
D-Wave Quantum Inc (QBTS) registered a -6.19% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -6.19% in intraday trading to $1.06, hitting a weekly high. The stock’s 5-day price performance is -7.02%, and it has moved by 15.44% in 30 days. Based on these gigs, the overall price performance for the year is 46.81%. The short interest in D-Wave Quantum Inc (NYSE:QBTS) is 15.96 million shares and it means that shorts have 6.96 day(s) to cover.
The consensus price target of analysts on Wall Street is $2.5, which implies an increase of 57.6% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $2 and $4 respectively. As a result, QBTS is trading at a discount of -277.36% off the target high and -88.68% off the low.
D-Wave Quantum Inc (QBTS) estimates and forecasts
Statistics show that D-Wave Quantum Inc has outperformed its competitors in share price, compared to the industry in which it operates. D-Wave Quantum Inc (QBTS) shares have gone down -26.90% during the last six months, with a year-to-date growth rate more than the industry average at 33.33% against 18.80. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 33.30% this quarter and then jump 30.00% in the quarter after that. In the rating firms’ projections, revenue will increase 15.20% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 2.53M as predicted by 5 analyst(s). Meanwhile, a consensus of 5 analyst(s) estimates revenue growth to 2.91M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 2.56M and 2.91M respectively. In this case, analysts expect current quarter sales to shrink by -1.20% and then jump by 0.10% in the coming quarter.
While earnings are projected to return 22.55% in 2024.
QBTS Dividends
D-Wave Quantum Inc is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
D-Wave Quantum Inc (NYSE:QBTS)’s Major holders
D-Wave Quantum Inc insiders own 1.68% of total outstanding shares while institutional holders control 52.51%, with the float percentage being 53.41%. PUBLIC SECTOR PENSION INVESTMENT BOARD is the largest shareholder of the company, while 99.0 institutions own stock in it. As of 2024-06-30, the company held over 59.43 million shares (or 36.8433% of all shares), a total value of $67.75 million in shares.
The next largest institutional holding, with 6.21 million shares, is of BLACKROCK INC.’s that is approximately 3.8522% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $7.08 million.
