In last trading session, D-Wave Quantum Inc (NYSE:QBTS) saw 22.52 million shares changing hands with its beta currently measuring 1.62. Company’s recent per share price level of $2.74 trading at $0.04 or 1.48% at ring of the bell on the day assigns it a market valuation of $622.89M. That closing price of QBTS’s stock is at a discount of -37.59% from its 52-week high price of $3.77 and is indicating a premium of 75.18% from its 52-week low price of $0.68. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 36.97 million shares which gives us an average trading volume of 9.92 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.
D-Wave Quantum Inc (NYSE:QBTS) trade information
Upright in the green during last session for gaining 1.48%, in the last five days QBTS remained trading in the green while hitting it’s week-highest on Monday, 11/25/24 when the stock touched $2.74 price level, adding 27.32% to its value on the day. D-Wave Quantum Inc’s shares saw a change of 211.33% in year-to-date performance and have moved 64.07% in past 5-day. D-Wave Quantum Inc (NYSE:QBTS) showed a performance of 140.35% in past 30-days. Number of shares sold short was 16.1 million shares which calculate 2.59 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 2.5 to the stock, which implies a fall of -9.6% 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 jump 27.01% in reaching the projected high whereas dropping to the targeted low would mean a gain of 27.01% 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 added 100.00% of value to its shares in past 6 months, showing an annual growth rate of 31.67% while that of industry is 24.80. 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 1.79% of company’s total shares while institution are holding 55.45 percent of that, with stock having share float percentage of 56.46%. Investors also watch the number of corporate investors in a company very closely, which is 55.45% 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.
On the other hand, ETF Series Solutions-Defiance Quantum ETF and iShares Russell 2000 ETF are the top two Mutual Funds which own company’s shares. As of Sep 30, 2024 , the former fund manager was holding 4.49 shares of worth $12.29 million or 2.49% of the total outstanding shares. The later fund manager was in possession of 2.36 shares on Aug 31, 2024 , making its stake of worth around $6.47 million in the company or a holder of 1.31% of company’s stock.
