In last trading session, D-Wave Quantum Inc (NYSE:QBTS) saw 4.6 million shares changing hands with its beta currently measuring 0.95. Company’s recent per share price level of $1.13 trading at $0.04 or 3.67% at ring of the bell on the day assigns it a market valuation of $227.62M. That closing price of QBTS’s stock is at a discount of -115.93% from its 52-week high price of $2.44 and is indicating a premium of 49.56% from its 52-week low price of $0.57. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 8.41 million shares which gives us an average trading volume of 3.97 million if we extend that period to 3-months.
For D-Wave Quantum Inc (QBTS), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.00. Splitting up the data highlights that, out of 4 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 4 see the stock as a Buy. 0 analyst(s) advised it as an Underweight.
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D-Wave Quantum Inc (NYSE:QBTS) trade information
D-Wave Quantum Inc’s shares saw a change of 28.39% in year-to-date performance and have moved 0.00% in past 5-day. D-Wave Quantum Inc (NYSE:QBTS) showed a performance of 23.34% in past 30-days. Number of shares sold short was 15.96 million shares which calculate 6.96 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 2.5 to the stock, which implies a rise of 54.8% to its current value. Analysts have been projecting 2 as a low price target for the stock while placing it at a high target of 4. It follows that stock’s current price would drop -76.99% in reaching the projected high whereas dropping to the targeted low would mean a loss of -76.99% for stock’s current value.
D-Wave Quantum Inc (QBTS) estimates and forecasts
Statistics highlight that D-Wave Quantum Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -16.91% of value to its shares in past 6 months, showing an annual growth rate of 33.33% while that of industry is 20.60. Apart from that, the company came raising its revenue forecast for fiscal year 2024.
D-Wave Quantum Inc (NYSE:QBTS)’s Major holders
Insiders are in possession of 1.68% of company’s total shares while institution are holding 52.51 percent of that, with stock having share float percentage of 53.41%. Investors also watch the number of corporate investors in a company very closely, which is 52.51% institutions for D-Wave Quantum Inc that are currently holding shares of the company. PUBLIC SECTOR PENSION INVESTMENT BOARD is the top institutional holder at QBTS for having 59.43 million shares of worth $67.75 million. And as of 2024-06-30, it was holding 36.8433 of the company’s outstanding shares.
The second largest institutional holder is BLACKROCK INC., which was holding about 6.21 million shares on 2024-06-30. The number of shares represents firm’s hold over 3.8522 of outstanding shares, having a total worth of $7.08 million.
