During the last session, D-Wave Quantum Inc (NYSE:QBTS)’s traded shares were 40.11 million, with the beta value of the company hitting 1.13. At the end of the trading day, the stock’s price was $8.40, reflecting an intraday loss of -9.68% or -$0.9. The 52-week high for the QBTS share is $11.41, that puts it down -35.83 from that peak though still a striking 91.9% gain since the share price plummeted to a 52-week low of $0.68. The company’s market capitalization is $2.04B, and the average intraday trading volume over the past 10 days was 110.68 million shares, and the average trade volume was 39.70 million shares over the past three months.
D-Wave Quantum Inc (QBTS) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.00. QBTS has a Sell rating from 0 analyst(s) out of 4 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 4 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.08.
D-Wave Quantum Inc (NYSE:QBTS) trade information
D-Wave Quantum Inc (QBTS) registered a -9.68% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -9.68% in intraday trading to $8.40, hitting a weekly high. The stock’s 5-day price performance is 3.07%, and it has moved by 178.15% in 30 days. Based on these gigs, the overall price performance for the year is 854.44%. The short interest in D-Wave Quantum Inc (NYSE:QBTS) is 16.1 million shares and it means that shorts have 2.59 day(s) to cover.
The consensus price target of analysts on Wall Street is $2, which implies a decrease of -320.0% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $2 and $2 respectively. As a result, QBTS is trading at a premium of 76.19% off the target high and 76.19% off the low.
D-Wave Quantum Inc (QBTS) estimates and forecasts
Statistics show that D-Wave Quantum Inc has outperformed its competitors in share price, compared to the industry in which it operates. D-Wave Quantum Inc (QBTS) shares have gone up 656.76% during the last six months, with a year-to-date growth rate more than the industry average at 31.67% against 25.20. In the rating firms’ projections, revenue will increase 0.01% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 2.22M as predicted by 6 analyst(s). Meanwhile, a consensus of 6 analyst(s) estimates revenue growth to 2.66M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 2.91M and 2.46M respectively. In this case, analysts expect current quarter sales to shrink by -23.63% and then jump by 8.01% in the coming quarter.
While earnings are projected to return 20.74% in 2025.
QBTS Dividends
D-Wave Quantum Inc is due to release its next quarterly earnings in February. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
D-Wave Quantum Inc (NYSE:QBTS)’s Major holders
D-Wave Quantum Inc insiders own 1.79% of total outstanding shares while institutional holders control 55.45%, with the float percentage being 56.46%. PUBLIC SECTOR PENSION INVESTMENT BOARD is the largest shareholder of the company, while 107.0 institutions own stock in it. As of 2024-06-30, the company held over 59.43 million shares (or 36.8433% of all shares), a total value of $67.75 million in shares.
The next largest institutional holding, with 6.21 million shares, is of BLACKROCK INC.’s that is approximately 3.8522% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $7.08 million.
Also, the Mutual Funds coming in first place with the largest holdings of D-Wave Quantum Inc (QBTS) shares are ETF Series Solutions-Defiance Quantum ETF and Vanguard Extended Market Index Fund . Data provided on Sep 30, 2024 indicates that ETF Series Solutions-Defiance Quantum ETF owns about 4.49 shares. This amounts to just over 1.99 percent of the company’s overall shares, with a $37.68 million market value. The same data shows that the other fund manager holds slightly less at 2.67, or about 1.19% of the stock, which is worth about $22.46 million.
