In recent trading session, D-Wave Quantum Inc (NYSE:QBTS) saw 66.0 million shares changing hands at last check today with its beta currently measuring 1.05. Company’s recent per share price level of $6.99 trading at -$1.97 or -21.99% at last check today assigns it a market valuation of $2.03B. That most recent trading price of QBTS’s stock is at a discount of -50.21% from its 52-week high price of $10.50 and is indicating a premium of 90.27% 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 108.76 million shares which gives us an average trading volume of 28.78 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. The company is expected to be making an EPS of -0.08 in the current quarter.
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D-Wave Quantum Inc (NYSE:QBTS) trade information
Upright in the red during last session for losing -21.99%, in the last five days QBTS remained trading in the green while hitting it’s week-highest on Wednesday, 12/18/24 when the stock touched $6.99 price level, adding 33.43% to its value on the day. D-Wave Quantum Inc’s shares saw a change of 694.23% in year-to-date performance and have moved 78.77% in past 5-day. D-Wave Quantum Inc (NYSE:QBTS) showed a performance of 369.13% 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 to the stock, which implies a fall of -249.5% to its recent value today. Analysts have been projecting 2 as a low price target for the stock while placing it at a high target of 2. It follows that stock’s current price would jump 71.39% in reaching the projected high whereas dropping to the targeted low would mean a gain of 71.39% 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 502.59% of value to its shares in past 6 months, showing an annual growth rate of 31.67% while that of industry is 25.50. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 0.01% from the last financial year’s standing.
6 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 2.22M for the same. And 6 analysts are in estimates of company making revenue of 2.66M in the next quarter. Company posted 2.91M and 2.46M of sales in current and next quarters respectively a year earlier.
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.
