In the last trading session, 33.7 million D-Wave Quantum Inc (NYSE:QBTS) shares changed hands as the company’s beta touched 0.90. With the company’s per share price at $6.34 changed hands at -$0.82 or -11.45% during last session, the market valuation stood at $1.85B. QBTS’s last price was a discount, traded about -88.49% off its 52-week high of $11.95. The share price had its 52-week low at $0.75, which suggests the last value was 88.17% up since then. When we look at D-Wave Quantum Inc’s average trading volume, we note the 10-day average is 50.07 million shares, with the 3-month average coming to 82.78 million.
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 -0.04.
D-Wave Quantum Inc (NYSE:QBTS) trade information
Instantly QBTS was in red as seen at the end of in last trading. With action -16.36%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -24.52%, with the 5-day performance at -16.36% in the red. However, in the 30-day time frame, D-Wave Quantum Inc (NYSE:QBTS) is 21.22% up. Looking at the short shares, we see there were 50.06 million shares sold at short interest cover period of 0.71 days.
The consensus price target for the stock as assigned by Wall Street analysts is 2.5, meaning bulls need a downside of -153.6% 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 36.91% surge from its current level, while the stock would need to tank 68.45% for it to hit the projected low.
D-Wave Quantum Inc (QBTS) estimates and forecasts
Year-over-year growth is forecast to reach 153.33% up 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 10.5M. 6 analysts are of the opinion that D-Wave Quantum Inc’s revenue for the current quarter will be 3.7M. The company’s revenue for the corresponding quarters a year ago was 2.46M and 2.18M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 326.00%. The estimates for the next quarter sales put growth at 69.54%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -0.61%. The 2025 estimates are for D-Wave Quantum Inc earnings to increase by 47.69%, but the outlook for the next 5-year period is at 37.48% per year.
QBTS Dividends
D-Wave Quantum Inc is expected to release its next quarterly earnings report on 2025-Mar-12.
D-Wave Quantum Inc (NYSE:QBTS)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 1.76% of D-Wave Quantum Inc shares while 19.36% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 19.70%. There are 19.36% institutions holding the D-Wave Quantum Inc stock share, with PUBLIC SECTOR PENSION INVESTMENT BOARD the top institutional holder. As of 2024-06-30, the company held 34.5252% of the shares, roughly 59.43 million QBTS shares worth $67.75 million.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 3.6098% or 6.21 million shares worth $7.08 million as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and ETF Series Solutions-Defiance Quantum ETF . With 3.48 shares estimated at $22.05 million under it, the former controlled 1.19% of total outstanding shares. On the other hand, ETF Series Solutions-Defiance Quantum ETF held about 0.91% of the shares, roughly 2.66 shares worth around $16.85 million.
