In last trading session, D-Wave Quantum Inc (NYSE:QBTS) saw 54.72 million shares changing hands with its beta currently measuring 1.08. Company’s recent per share price level of $5.64 trading at $0.12 or 2.17% at ring of the bell on the day assigns it a market valuation of $1.75B. That closing price of QBTS’s stock is at a discount of -102.3% from its 52-week high price of $11.41 and is indicating a premium of 86.7% from its 52-week low price of $0.75. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 109.11 million shares which gives us an average trading volume of 70.60 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 -0.06 in the current quarter.
D-Wave Quantum Inc (NYSE:QBTS) trade information
Upright in the green during last session for gaining 2.17%, in the last five days QBTS remained trading in the red while hitting it’s week-highest on Friday, 01/24/25 when the stock touched $5.64 price level, adding 20.68% to its value on the day. D-Wave Quantum Inc’s shares saw a change of -32.86% in year-to-date performance and have moved -6.47% in past 5-day. D-Wave Quantum Inc (NYSE:QBTS) showed a performance of -43.09% 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 -182.0% 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 2. It follows that stock’s current price would jump 64.54% in reaching the projected high whereas dropping to the targeted low would mean a gain of 64.54% 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 490.58% of value to its shares in past 6 months, showing an annual growth rate of 31.67% while that of industry is 26.20. Apart from that, the company came raising its revenue forecast for fiscal year 2025. This year revenue growth is estimated to fall -0.07% 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 2.23M for the same. And 6 analysts are in estimates of company making revenue of 2.55M in the next quarter. Company posted 2.91M and 2.46M of sales in current and next quarters respectively a year earlier.
In 2025, company’s earnings growth rate is likely to be around 25.46% while estimates for its earnings growth in next 5 years are of 20.88%.
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.
