D-Wave Quantum Inc (NYSE:QBTS) has a beta value of 1.76 and has seen 80.26 million shares traded in the last trading session. The company, currently valued at $1.86B, closed the last trade at $5.00 per share which meant it gained $1.09 on the day or 27.88% during that session. The QBTS stock price is -7.6% off its 52-week high price of $5.38 and 86.4% 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 62.0 million shares traded. The 3-month trading volume is 18.97 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
Sporting 27.88% in the green in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the QBTS stock price touched $5.00 or saw a rise of 7.06%. Year-to-date, D-Wave Quantum Inc shares have moved 468.12%, while the 5-day performance has seen it change -1.19%. Over the past 30 days, the shares of D-Wave Quantum Inc (NYSE:QBTS) have changed 180.90%. 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, which means that the shares’ value could drop -150.0% from current levels. The projected low price target is $2.0 while the price target rests at a high of $2.0. In that case, then, we find that the current price level is 60.0% off the targeted high while a plunge would see the stock lose 60.0% 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 gained 338.60% over the past 6 months, with this year growth rate of 31.67%, compared to 25.60% for the industry.
QBTS Dividends
D-Wave Quantum Inc is expected to release its next earnings report in January 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 Vanguard Extended Market Index Fund . As of Sep 30, 2024 , the former fund manager holds about 2.49% shares in the company for having 4.49 shares of worth $22.43 million while later fund manager owns 2.67 shares of worth $13.37 million as of Sep 30, 2024 , which makes it owner of about 1.48% of company’s outstanding stock.
