Currently, there are 113.34M common shares owned by the public and among those 101.11M shares have been available to trade.
Insiders at the company have transacted a total of 16 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 10 of these insider trades were purchases, accounting for 1,909,633 shares. Insider sales of the common stock occurred on 6 occasions, with total insider shares sold totaling 699,337 shares.
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However, the script later moved the day high at 2.1700, up 17.82%. The company’s stock has a 5-day price change of 51.85% and 124.41% over the past three months. QBTS shares are trading 132.93% year to date (YTD), with the 12-month market performance up to 127.78% higher. It has a 12-month low price of $0.40 and touched a high of $3.20 over the same period. QBTS has an average intraday trading volume of 2.15 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 90.67%, 112.07%, and 68.25% respectively.
Institutional ownership of D-Wave Quantum Inc (NYSE: QBTS) shares accounts for 30.55% of the company’s 113.34M shares outstanding.
It has a market capitalization of $232.47M and a beta (3y monthly) value of 0.60. The earnings-per-share (ttm) stands at -$0.64. Price movements for the stock have been influenced by the stock’s volatility, which stands at 26.67% over the week and 15.29% over the month.
Analysts forecast that D-Wave Quantum Inc (QBTS) will achieve an EPS of -$0.1 for the current quarter, -$0.12 for the next quarter and -$0.55 for 2024. The lowest estimate earnings-per-share for the quarter is -$0.11 while analysts give the company a high EPS estimate of -$0.1. Comparatively, EPS for the current quarter was -$0.11 a year ago. Earnings per share for the fiscal year are expected to decrease by -17.67%, and 17.79% over the next financial year.
Looking at the support for the QBTS, a number of firms have released research notes about the stock. Piper Sandler stated their Overweight rating for the stock in a research note on October 19, 2022, with the firm’s price target at $12. ROTH Capital coverage for the D-Wave Quantum Inc (QBTS) stock in a research note released on August 30, 2022 offered a Buy rating with a price target of $20.
