During the recent session, D-Wave Quantum Inc (NYSE:QBTS)’s traded shares were 16.62 million, with the beta value of the company hitting 0.87. At the last check today, the stock’s price was $8.32, reflecting an intraday gain of 0.67% or $0.05. The 52-week high for the QBTS share is $11.95, that puts it down -43.63 from that peak though still a striking 90.99% gain since the share price plummeted to a 52-week low of $0.75. The company’s market capitalization is $2.43B, and the average intraday trading volume over the past 10 days was 135.56 million shares, and the average trade volume was 86.03 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 -0.04.
D-Wave Quantum Inc (NYSE:QBTS) trade information
D-Wave Quantum Inc (QBTS) registered a 0.67% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 0.67% in intraday trading to $8.32, hitting a weekly high. The stock’s 5-day price performance is -4.20%, and it has moved by 35.59% in 30 days. Based on these gigs, the overall price performance for the year is 300.24%. The short interest in D-Wave Quantum Inc (NYSE:QBTS) is 50.06 million shares and it means that shorts have 0.71 day(s) to cover.
The consensus price target of analysts on Wall Street is $2.5, which implies a decrease of -232.8% 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 51.92% off the target high and 75.96% off the low.
D-Wave Quantum Inc (QBTS) estimates and forecasts
In the rating firms’ projections, revenue will increase 153.33% 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 10.5M as predicted by 6 analyst(s). Meanwhile, a consensus of 6 analyst(s) estimates revenue growth to 3.7M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 2.46M and 2.18M respectively. In this case, analysts expect current quarter sales to grow by 326.00% and then jump by 69.54% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -0.61%. While earnings are projected to return 47.69% in 2025, the next five years will return 37.55% per annum.
QBTS Dividends
D-Wave Quantum Inc is due to release its next quarterly earnings on 2025-Mar-12. 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 1.89% of total outstanding shares while institutional holders control 19.53%, with the float percentage being 19.90%. PUBLIC SECTOR PENSION INVESTMENT BOARD is the largest shareholder of the company, while 241.0 institutions own stock in it. As of 2024-06-30, the company held over 59.43 million shares (or 34.5252% 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 3.6098% 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 VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and iShares Trust-iShares Russell 2000 ETF. Data provided on Dec 31, 2024 indicates that VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund owns about 3.48 shares. This amounts to just over 1.19 percent of the company’s overall shares, with a $28.89 million market value. The same data shows that the other fund manager holds slightly less at 2.69, or about 0.92% of the stock, which is worth about $22.37 million.
