D-Wave Quantum Inc (NYSE:QBTS) has a beta value of 0.88 and has seen 35.2 million shares traded in the last trading session. The company, currently valued at $2.21B, closed the last trade at $7.58 per share which meant it lost -$0.48 on the day or -5.96% during that session. The QBTS stock price is -57.65% off its 52-week high price of $11.95 and 90.11% above the 52-week low of $0.75. If we look at the company’s 10-day average daily trading volume, we find that it stood at 104.07 million shares traded. The 3-month trading volume is 84.74 million shares.
The consensus among analysts is that D-Wave Quantum Inc (QBTS) is Buy stock at the moment, with a recommendation rating of 1.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 4 have rated it as a Hold, with 4 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.04.
D-Wave Quantum Inc (NYSE:QBTS) trade information
Sporting -5.96% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the QBTS stock price touched $7.58 or saw a rise of 18.93%. Year-to-date, D-Wave Quantum Inc shares have moved -9.76%, while the 5-day performance has seen it change -9.33%. Over the past 30 days, the shares of D-Wave Quantum Inc (NYSE:QBTS) have changed 36.33%. Short interest in the company has seen 50.06 million shares shorted with days to cover at 0.71.
Wall Street analysts have a consensus price target for the stock at $2.5, which means that the shares’ value could drop -203.2% from current levels. The projected low price target is $2.0 while the price target rests at a high of $4.0. In that case, then, we find that the current price level is 47.23% off the targeted high while a plunge would see the stock lose 73.61% from current levels.
D-Wave Quantum Inc (QBTS) estimates and forecasts
The company’s shares have gained 696.13% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 153.33%.
6 analysts offering their estimates for the company have set an average revenue estimate of 10.5M for the current quarter. 6 have an estimated revenue figure of 3.7M for the next ending quarter. Year-ago sales stood 2.46M and 2.18M respectively for this quarter and the next, and analysts expect sales will grow by 326.00% for the current quarter and 153.33% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -0.61% over the past 5 years. Earnings growth for 2025 is a modest 47.69% while over the next 5 years, the company’s earnings are expected to increase by 37.55%.
QBTS Dividends
D-Wave Quantum Inc is expected to release its next earnings report on 2025-Mar-12 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
D-Wave Quantum Inc (NYSE:QBTS)’s Major holders
Insiders own 1.89% of the company shares, while shares held by institutions stand at 19.53% with a share float percentage of 19.90%. Investors are also buoyed by the number of investors in a company, with D-Wave Quantum Inc having a total of 240.0 institutions that hold shares in the company. The top two institutional holders are PUBLIC SECTOR PENSION INVESTMENT BOARD with over 59.43 million shares worth more than $67.75 million. As of 2024-06-30, PUBLIC SECTOR PENSION INVESTMENT BOARD held 34.5252% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 6.21 million shares as of 2024-06-30. The firm’s total holdings are worth over $7.08 million and represent 3.6098% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and ETF Series Solutions-Defiance Quantum ETF . As of Dec 31, 2024 , the former fund manager holds about 1.19% shares in the company for having 3.48 shares of worth $26.37 million while later fund manager owns 2.66 shares of worth $20.15 million as of Dec 31, 2024 , which makes it owner of about 0.91% of company’s outstanding stock.
