D-Wave Quantum Inc (NYSE:QBTS) has a beta value of 1.57 and has seen 60.5 million shares traded in the recent trading session. The company, currently valued at $1.03B, closed the recent trade at $3.09 per share which meant it gained $0.16 on the day or 5.31% during that session. The QBTS stock price is 2.91% off its 52-week high price of $3.00 and 77.99% above the 52-week low of $0.68. If we look at the company’s 10-day average daily trading volume, we find that it stood at 25.24 million shares traded. The 3-month trading volume is 7.93 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. The expected earnings per share for the stock is -0.08.
D-Wave Quantum Inc (NYSE:QBTS) trade information
Sporting 5.31% in the green today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the QBTS stock price touched $3.09 or saw a rise of 18.04%. Year-to-date, D-Wave Quantum Inc shares have moved 250.59%, while the 5-day performance has seen it change 114.27%. Over the past 30 days, the shares of D-Wave Quantum Inc (NYSE:QBTS) have changed 196.68%. Short interest in the company has seen 16.1 million shares shorted with days to cover at 2.59.
Wall Street analysts have a consensus price target for the stock at $2.5, which means that the shares’ value could drop -23.6% from the levels at last check today. 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 latest price level in today’s session is -29.45% off the targeted high while a plunge would see the stock lose 35.28% from the levels at last check today.
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 gained 120.39% over the past 6 months, with this year growth rate of 31.67%, compared to 24.40% for the industry. Revenue growth from the last financial year stood is estimated to be 0.01%.
6 analysts offering their estimates for the company have set an average revenue estimate of 2.22M for the current quarter. 6 have an estimated revenue figure of 2.66M for the next ending quarter. Year-ago sales stood 2.91M and 2.46M respectively for this quarter and the next, and analysts expect sales will shrink by -23.63% for the current quarter and 0.01% for the next.
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 1.79% of the company shares, while shares held by institutions stand at 55.45% with a share float percentage of 56.46%. Investors are also buoyed by the number of investors in a company, with D-Wave Quantum Inc having a total of 107.0 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.
Also the top two Mutual Funds that are holding company’s shares are ETF Series Solutions-Defiance Quantum ETF and iShares Russell 2000 ETF. As of Jun 30, 2024, the former fund manager holds about 2.02% shares in the company for having 3.65 shares of worth $11.86 million while later fund manager owns 2.3 shares of worth $7.47 million as of Sep 30, 2024, which makes it owner of about 1.27% of company’s outstanding stock.
