D-Wave Quantum Inc (QBTS) concluded trading on Wednesday at a closing price of $1.04, with 10.47 million shares of worth about $10.89 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -37.72% during that period and on October 16, 2024 the price saw a gain of about 4.26%. Currently the company’s common shares owned by public are about 170.14M shares, out of which, 121.09M shares are available for trading.
Stock saw a price change of 13.99% in past 5 days and over the past one month there was a price change of 4.22%. Year-to-date (YTD), QBTS shares are showing a performance of 18.17% which increased to 5.05% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.57 but also hit the highest price of $2.44 during that period. The average intraday trading volume for D-Wave Quantum Inc shares is 2.98 million. The stock is currently trading 8.73% above its 20-day simple moving average (SMA20), while that difference is up 9.19% for SMA50 and it goes to -16.80% lower than SMA200.
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D-Wave Quantum Inc (NYSE: QBTS) currently have 170.14M outstanding shares and institutions hold larger chunk of about 24.43% of that.
The stock has a current market capitalization of $176.95M and its 3Y-monthly beta is at 0.97. It has posted earnings per share of -$0.43 in the same period. It has Quick Ratio of 1.04. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for QBTS, volatility over the week remained 7.64% while standing at 6.62% over the month.
Stock’s fiscal year EPS is expected to rise by 22.55% while it is estimated to increase by 12.69% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by B. Riley Securities on July 25, 2024 offering a Buy rating for the stock and assigned a target price of $3 to it. Coverage by Needham stated D-Wave Quantum Inc (QBTS) stock as a Buy in their note to investors on April 08, 2024, suggesting a price target of $2.50 for the stock. On October 19, 2022, Piper Sandler Initiated their recommendations, while on August 30, 2022, ROTH Capital Initiated their ratings for the stock with a price target of $20.
