D-Wave Quantum Inc (NYSE:QBTS) Shares Are Up 32.12 Percent In A Week – But Can The Gains Continue?

In last trading session, D-Wave Quantum Inc (NYSE:QBTS) saw 129.85 million shares changing hands with its beta currently measuring 1.06. Company’s recent per share price level of $6.91 trading at $1.09 or 18.73% at ring of the bell on the day assigns it a market valuation of $2.14B. That closing price of QBTS’s stock is at a discount of -65.12% from its 52-week high price of $11.41 and is indicating a premium of 89.15% 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 53.43 million shares which gives us an average trading volume of 83.75 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 -0.03 in the current quarter.

D-Wave Quantum Inc (NYSE:QBTS) trade information

Upright in the green during last session for gaining 18.73%, in the last five days QBTS remained trading in the green while hitting it’s week-highest on Thursday, 03/13/25 when the stock touched $6.91 price level, adding 2.95% to its value on the day. D-Wave Quantum Inc’s shares saw a change of -17.74% in year-to-date performance and have moved 32.12% in past 5-day. D-Wave Quantum Inc (NYSE:QBTS) showed a performance of 29.64% in past 30-days. Number of shares sold short was 54.45 million shares which calculate 0.88 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 2.5 to the stock, which implies a fall of -176.4% 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 4. It follows that stock’s current price would jump 71.06% in reaching the projected high whereas dropping to the targeted low would mean a gain of 71.06% for stock’s current value.

D-Wave Quantum Inc (QBTS) estimates and forecasts

This year revenue growth is estimated to rise 160.79% from the last financial year’s standing.

2 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 11.07M for the same. And 2 analysts are in estimates of company making revenue of 4.73M in the next quarter. Company posted 2.46M and 2.18M of sales in current and next quarters respectively a year earlier.

In 2025, company’s earnings growth rate is likely to be around 42.31% while estimates for its earnings growth in next 5 years are of 34.42%.

D-Wave Quantum Inc (NYSE:QBTS)’s Major holders

Insiders are in possession of 1.84% of company’s total shares while institution are holding 20.99 percent of that, with stock having share float percentage of 21.39%. Investors also watch the number of corporate investors in a company very closely, which is 20.99% 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 34.5252 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.

On the other hand, Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF are the top two Mutual Funds which own company’s shares. As of Dec 31, 2024 , the former fund manager was holding 3.48 shares of worth $24.04 million or 1.54% of the total outstanding shares. The later fund manager was in possession of 2.68 shares on Dec 31, 2024 , making its stake of worth around $18.49 million in the company or a holder of 1.19% of company’s stock.