During the last session, D-Wave Quantum Inc (NYSE:QBTS)’s traded shares were 69.26 million, with the beta value of the company hitting 1.09. At the end of the trading day, the stock’s price was $6.50, reflecting an intraday gain of 7.62% or $0.46. The 52-week high for the QBTS share is $11.41, that puts it down -75.54 from that peak though still a striking 88.46% gain since the share price plummeted to a 52-week low of $0.75. The company’s market capitalization is $2.02B, and the average trade volume was 78.94 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 -0.06.
D-Wave Quantum Inc (NYSE:QBTS) trade information
D-Wave Quantum Inc (QBTS) registered a 7.62% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 7.62% in intraday trading to $6.50, hitting a weekly high. The stock’s 5-day price performance is 8.51%, and it has moved by 37.42% in 30 days. Based on these gigs, the overall price performance for the year is 381.48%.
The consensus price target of analysts on Wall Street is $2.5, which implies a decrease of -160.0% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $2 and $4 respectively. As a result, QBTS is trading at a premium of 38.46% off the target high and 69.23% off the low.
D-Wave Quantum Inc (QBTS) estimates and forecasts
In the rating firms’ projections, revenue will decrease -0.07% 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 2.23M as predicted by 6 analyst(s). Meanwhile, a consensus of 6 analyst(s) estimates revenue growth to 2.55M 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 -23.40% and then jump by 3.41% in the coming quarter.
While earnings are projected to return 25.46% in 2025, the next five years will return 20.88% per annum.
QBTS Dividends
D-Wave Quantum Inc is due to release its next quarterly earnings in March. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
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.
