In today’s recent session, 16.37 million shares of the D-Wave Quantum Inc (NYSE:QBTS) have been traded, and its beta is 1.39. Most recently the company’s share price was $16.57, and it changed around -$0.22 or -1.34% from the last close, which brings the market valuation of the company to $5.18B. QBTS at last check was trading at a discount to its 52-week high of $19.76, offering almost -19.25% off that amount. The share price’s 52-week low was $0.75, which indicates that the recent value has risen by an impressive 95.47% since then. We note from D-Wave Quantum Inc’s average daily trading volume that its 10-day average is 45.36 million shares, with the 3-month average coming to 65.81 million.
D-Wave Quantum Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 7 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 0 recommended QBTS as a Hold, whereas 4 deemed it a Buy, and 0 rated it as Underweight.
D-Wave Quantum Inc (NYSE:QBTS) trade information
Instantly QBTS has been showing red trend so far today with a performance of -1.34% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 16.94 on recent trading dayincreased the stock’s daily price by 2.18%. The company’s shares are currently up 1392.34% year-to-date, but still up 18.15% over the last five days. On the other hand, D-Wave Quantum Inc (NYSE:QBTS) is -7.04% down in the 30-day period. We can see from the shorts that 61.01 million shares have been sold at a short interest cover period of 0.6 day(s).
The consensus price target as assigned by Wall Street analysts is $20, which translates to bulls needing to increase their stock price by 17.15% from its current value. Analyst projections state that QBTS is forecast to be at a low of $20 and a high of $20.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -0.61%. D-Wave Quantum Inc earnings are expected to increase by 56.84% in 2025, but the outlook is positive 32.49% per year for the next five years.
QBTS Dividends
D-Wave Quantum Inc’s next quarterly earnings report is expected to be released on 2025-May-08.
D-Wave Quantum Inc (NYSE:QBTS)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 2.44% of D-Wave Quantum Inc shares, and 29.53% of them are in the hands of institutional investors. The stock currently has a share float of 30.27%. D-Wave Quantum Inc stock is held by 338.0 institutions, with PUBLIC SECTOR PENSION INVESTMENT BOARD being the largest institutional investor. By 2024-06-30, it held 34.5252% of the shares, which is about 59.43 million shares worth $67.75 million.
BLACKROCK INC., with 3.6098% or 6.21 million shares worth $7.08 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and iShares Trust-iShares Russell 2000 ETF were the top two Mutual Funds as of Mar 31, 2025 . The former held 6.05 shares worth $100.16 million, making up 1.97% of all outstanding shares. On the other hand, iShares Trust-iShares Russell 2000 ETF held roughly 4.58 shares worth around $75.73 million, which represents about 1.49% of the total shares outstanding.
