D-Wave Quantum Inc (NYSE:QBTS) has a beta value of 0.95 and has seen 4.33 million shares traded in the last trading session. The company, currently valued at $205.54M, closed the last trade at $1.04 per share which meant it lost -$0.02 on the day or -1.89% during that session. The QBTS stock price is -134.62% off its 52-week high price of $2.44 and 45.19% above the 52-week low of $0.57. If we look at the company’s 10-day average daily trading volume, we find that it stood at 9.52 million shares traded. The 3-month trading volume is 3.92 million shares.
The consensus among analysts is that D-Wave Quantum Inc (QBTS) is Buy stock at the moment, with a recommendation rating of 1.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 4 have rated it as a Hold, with 4 advising it as a Buy. 0 have rated the stock as Underweight.
D-Wave Quantum Inc (NYSE:QBTS) trade information
Over the past 30 days, the shares of D-Wave Quantum Inc (NYSE:QBTS) have changed 13.10%. Short interest in the company has seen 15.96 million shares shorted with days to cover at 6.96.
Wall Street analysts have a consensus price target for the stock at $2.5, which means that the shares’ value could jump 58.4% from current levels. The projected low price target is $2.0 while the price target rests at a high of $4.0. In that case, then, we find that the current price level is -284.62% off the targeted high while a plunge would see the stock gain -92.31% from current levels.
D-Wave Quantum Inc (QBTS) estimates and forecasts
Figures show that D-Wave Quantum Inc shares have outperformed across the wider relevant industry. The company’s shares have lost -25.71% over the past 6 months, with this year growth rate of 33.33%, compared to 19.50% for the industry.
QBTS Dividends
D-Wave Quantum Inc is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
D-Wave Quantum Inc (NYSE:QBTS)’s Major holders
Insiders own 1.68% of the company shares, while shares held by institutions stand at 52.51% with a share float percentage of 53.40%. Investors are also buoyed by the number of investors in a company, with D-Wave Quantum Inc having a total of 99.0 institutions that hold shares in the company. The top two institutional holders are PUBLIC SECTOR PENSION INVESTMENT BOARD with over 59.43 million shares worth more than $67.75 million. As of 2024-06-30, PUBLIC SECTOR PENSION INVESTMENT BOARD held 36.8433% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 6.21 million shares as of 2024-06-30. The firm’s total holdings are worth over $7.08 million and represent 3.8522% of shares outstanding.
