D-Wave Quantum Inc (NYSE:QBTS)’s traded shares stood at 51.43 million during the last session, with the company’s beta value hitting 1.44. At the close of trading, the stock’s price was $7.95, to imply a decrease of -2.45% or -$0.2 in intraday trading. The QBTS share’s 52-week high remains $10.50, putting it -32.08% down since that peak but still an impressive 91.45% since price per share fell to its 52-week low of $0.68. The company has a valuation of $2.09B, with an average of 118.0 million shares in intraday trading volume over the past 10 days and average of 34.11 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for D-Wave Quantum Inc (QBTS), translating to a mean rating of 1.00. Of 4 analyst(s) looking at the stock, 0 analyst(s) give QBTS a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 4 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.08.
D-Wave Quantum Inc (NYSE:QBTS) trade information
After registering a -2.45% downside in the last session, D-Wave Quantum Inc (QBTS) has traded red over the past five days. The 5-day price performance for the stock is -5.83%, and 169.96% over 30 days. With these gigs, the year-to-date price performance is 798.75%. Short interest in D-Wave Quantum Inc (NYSE:QBTS) saw shorts transact 16.1 million shares and set a 2.59 days time to cover.
The extremes give us $2 and $2 for target low and target high price respectively. As such, QBTS has been trading 74.84% off suggested target high and 74.84% from its likely low.
D-Wave Quantum Inc (QBTS) estimates and forecasts
Looking at statistics comparing D-Wave Quantum Inc share performance against respective industry, we note that the company has outperformed competitors. D-Wave Quantum Inc (QBTS) shares are 646.22% up over the last 6 months, with its year-to-date growth rate higher than industry average at 31.67% against 26.50%. The rating firms project that company’s revenue will grow 0.01% compared to the previous financial year.
Revenue forecast for the current quarter as set by 6 analysts is 2.22M. Meanwhile, for the current quarter, a total of 6 analyst(s) estimate revenue growth to 2.66M.Earnings reports from the last fiscal year show that sales brought in 2.91M and 2.46M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -23.63% before jumping 8.01% in the following quarter.
QBTS Dividends
D-Wave Quantum Inc has its next earnings report out in January. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
D-Wave Quantum Inc (NYSE:QBTS)’s Major holders
D-Wave Quantum Inc insiders hold 1.79% of total outstanding shares, with institutional holders owning 55.45% of the shares at 56.46% float percentage. In total, 55.45% institutions holds shares in the company, led by PUBLIC SECTOR PENSION INVESTMENT BOARD. As of 2024-06-30, the company held over 59.43 million shares (or 36.8433% of shares), all amounting to roughly $67.75 million.
The next major institution holding the largest number of shares is BLACKROCK INC. with 6.21 million shares, or about 3.8522% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $7.08 million.
We also have ETF Series Solutions-Defiance Quantum ETF and Vanguard Extended Market Index Fund as the top two Mutual Funds with the largest holdings of the D-Wave Quantum Inc (QBTS) shares. Going by data provided on Sep 30, 2024 , ETF Series Solutions-Defiance Quantum ETF holds roughly 4.49 shares. This is just over 2.49% of the total shares, with a market valuation of $35.66 million. Data from the same date shows that the other fund manager holds a little less at 2.67, or 1.48% of the shares, all valued at about 21.26 million.
