Currently, there are 170.14M common shares owned by the public and among those 121.09M shares have been available to trade.
The company’s stock has a 5-day price change of 20.62% and 15.84% over the past three months. QBTS shares are trading 32.94% year to date (YTD), with the 12-month market performance up to 30.80% higher. It has a 12-month low price of $0.57 and touched a high of $2.44 over the same period. QBTS has an average intraday trading volume of 2.99 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 20.30%, 21.32%, and -6.60% respectively.
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Institutional ownership of D-Wave Quantum Inc (NYSE: QBTS) shares accounts for 24.41% of the company’s 170.14M shares outstanding.
It has a market capitalization of $199.06M and a beta (3y monthly) value of 0.97. The earnings-per-share (ttm) stands at -$0.43. Price movements for the stock have been influenced by the stock’s volatility, which stands at 9.06% over the week and 7.26% over the month.
Earnings per share for the fiscal year are expected to increase by 22.55%, and 12.69% over the next financial year.
Looking at the support for the QBTS, a number of firms have released research notes about the stock. B. Riley Securities stated their Buy rating for the stock in a research note on July 25, 2024, with the firm’s price target at $3. Needham coverage for the D-Wave Quantum Inc (QBTS) stock in a research note released on April 08, 2024 offered a Buy rating with a price target of $2.50. Piper Sandler was of a view on October 19, 2022 that the stock is Overweight, while ROTH Capital gave the stock Buy rating on August 30, 2022, issuing a price target of $20.
