In recent trading session, D-Wave Quantum Inc (NYSE:QBTS) saw 11.47 million shares changing hands at last check today with its beta currently measuring 0.86. Company’s recent per share price level of $6.93 trading at -$0.41 or -5.52% at last check today assigns it a market valuation of $2.02B. That most recent trading price of QBTS’s stock is at a discount of -72.44% from its 52-week high price of $11.95 and is indicating a premium of 89.18% 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 70.83 million shares which gives us an average trading volume of 83.30 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 -0.04 in the current quarter.
D-Wave Quantum Inc (NYSE:QBTS) trade information
Upright in the red during last session for losing -5.52%, in the last five days QBTS remained trading in the red while hitting it’s week-highest on Tuesday, 04/01/25 when the stock touched $6.93 price level, adding 14.34% to its value on the day. D-Wave Quantum Inc’s shares saw a change of -17.44% in year-to-date performance and have moved -13.96% in past 5-day. D-Wave Quantum Inc (NYSE:QBTS) showed a performance of 23.84% in past 30-days. Number of shares sold short was 50.06 million shares which calculate 0.71 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 -177.2% to its recent value today. 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 71.14% in reaching the projected high whereas dropping to the targeted low would mean a gain of 71.14% for stock’s current value.
D-Wave Quantum Inc (QBTS) estimates and forecasts
This year revenue growth is estimated to rise 153.33% from the last financial year’s standing.
6 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 10.5M for the same. And 6 analysts are in estimates of company making revenue of 3.7M in the next quarter. Company posted 2.46M and 2.18M of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -0.61% during past 5 years. In 2025, company’s earnings growth rate is likely to be around 47.69% while estimates for its earnings growth in next 5 years are of 37.48%.
D-Wave Quantum Inc (NYSE:QBTS)’s Major holders
Insiders are in possession of 1.78% of company’s total shares while institution are holding 19.57 percent of that, with stock having share float percentage of 19.93%. Investors also watch the number of corporate investors in a company very closely, which is 19.57% 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 3.6098 of outstanding shares, having a total worth of $7.08 million.
On the other hand, VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and ETF Series Solutions-Defiance Quantum 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 $24.05 million or 1.19% of the total outstanding shares. The later fund manager was in possession of 2.66 shares on Dec 31, 2024, making its stake of worth around $18.38 million in the company or a holder of 0.91% of company’s stock.
