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.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
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.
