In the last trading session, 92.99 million D-Wave Quantum Inc (NYSE:QBTS) shares changed hands as the company’s beta touched 1.09. With the company’s per share price at $7.25 changed hands at -$0.14 or -1.89% during last session, the market valuation stood at $2.25B. QBTS’s last price was a discount, traded about -57.38% off its 52-week high of $11.41. The share price had its 52-week low at $0.75, which suggests the last value was 89.66% up since then.
Analysts gave the D-Wave Quantum Inc (QBTS) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 4 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended QBTS as a Hold, 4 felt it is a Buy and 0 rated the stock as Underweight. D-Wave Quantum Inc’s EPS for the current quarter is expected to be -0.06.
D-Wave Quantum Inc (NYSE:QBTS) trade information
Instantly QBTS was in red as seen at the end of in last trading. With action 11.54%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -13.69%, with the 5-day performance at 11.54% in the green. However, in the 30-day time frame, D-Wave Quantum Inc (NYSE:QBTS) is 16.00% up.
The consensus price target for the stock as assigned by Wall Street analysts is 2.5, meaning bulls need a downside of -190.0% from its current market value. According to analyst projections, QBTS’s forecast low is 2 with 4 as the target high. To hit the forecast high, the stock’s price needs a 44.83% surge from its current level, while the stock would need to tank 72.41% for it to hit the projected low.
D-Wave Quantum Inc (QBTS) estimates and forecasts
Year-over-year growth is forecast to reach -0.07% down from the last financial year.
Consensus estimates given by 6 financial analysts project the company’s revenue in the current quarter to hit an average of 2.23M. 6 analysts are of the opinion that D-Wave Quantum Inc’s revenue for the current quarter will be 2.55M. The company’s revenue for the corresponding quarters a year ago was 2.91M and 2.46M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -23.40%. The estimates for the next quarter sales put growth at 3.41%.
The 2025 estimates are for D-Wave Quantum Inc earnings to increase by 25.46%, but the outlook for the next 5-year period is at 20.88% per year.
D-Wave Quantum Inc (NYSE:QBTS)’s Major holders
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 3.8522% or 6.21 million shares worth $7.08 million as of 2024-06-30.
Among Mutual Funds, the top two as of Sep 30, 2024 were ETF Series Solutions-Defiance Quantum ETF and Vanguard Extended Market Index Fund. With 4.49 shares estimated at $32.52 million under it, the former controlled 1.99% of total outstanding shares. On the other hand, Vanguard Extended Market Index Fund held about 1.19% of the shares, roughly 2.67 shares worth around $19.39 million.
