D-Wave Quantum Inc (QBTS) Stock Could Soon Reward Patient Investors

D-Wave Quantum Inc (NYSE: QBTS) is 53.39% higher on its value in year-to-date trading and has touched a low of $0.40 and a high of $3.20 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The QBTS stock was last observed hovering at around $1.09 in the last trading session, with the day’s gains setting it 0.26%.

Currently trading at $1.35, the stock is 61.44% and 51.50% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 10.87 million and changing 23.85% at the moment leaves the stock 13.57% off its SMA200. QBTS registered 23.85% gain for a year compared to 6-month loss of -6.90%. The firm has a 50-day simple moving average (SMA 50) of $20.43 and a 200-day simple moving average (SMA200) of -$2.30.

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The stock witnessed a 71.23% gain in the last 1 month and extending the period to 3 months gives it a 89.63%, and is 52.91% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 13.87% over the week and 11.13% over the month.

Profit margin for the company is -970.00%. Distance from 52-week low is 240.74% and -57.81% from its 52-week high. The company has generated returns on investments over the last 12 months (-322.72%).

D-Wave Quantum Inc quarterly earnings per share for the current quarter are estimated at -$0.1 with sales reaching $4.73M over the same period.The EPS is expected to shrink by -17.67% this year, but quarterly earnings will post 47.90% year-over-year. Quarterly sales are estimated to grow 97.50% in year-over-year returns.

D-Wave Quantum Inc (QBTS) Top Institutional Holders

55 institutions hold shares in D-Wave Quantum Inc (QBTS), with institutional investors hold 76.78% of the company’s shares. The shares outstanding are 113.34M, and float is at 101.17M with Short Float at 4.49%. Institutions hold 73.90% of the Float.

The top institutional shareholder in the company is Public Sector Pension Investment Board with over 59.43 million shares valued at $124.21 million. The investor’s holdings represent 60.09% of the QBTS Shares outstanding. As of Jun 29, 2023, the second largest holder is Goldman Sachs Group Inc with 7.94 million shares valued at $16.59 million to account for 8.03% of the shares outstanding. The other top investors are Lockheed Martin Corp. which holds 0.92 million shares representing 0.93% and valued at over $1.91 million, while Vanguard Group Inc holds 0.61% of the shares totaling 0.6 million with a market value of $1.26 million.

D-Wave Quantum Inc (QBTS) Insider Activity

A total of 4 insider transactions have happened at D-Wave Quantum Inc (QBTS) in the last six months, with sales accounting for 4 and purchases happening 0 times. The most recent transaction is an insider sale by Nguyen Diane,the company’sGeneral Counsel. SEC filings show that Nguyen Diane sold 22,855 shares of the company’s common stock on Oct 16 at a price of $1.00 per share for a total of $22855.0. Following the sale, the insider now owns 0.25 million shares.

D-Wave Quantum Inc disclosed in a document filed with the SEC on Jun 15 that Michael Emil (Director) sold a total of 29,021 shares of the company’s common stock. The trade occurred on Jun 15 and was made at $1.86 per share for $53892.0. Following the transaction, the insider now directly holds 36353.0 shares of the QBTS stock.

Still, SEC filings show that on Jun 09, Brydon Victoria () disposed off 15,000 shares at an average price of $2.39 for $35850.0. The insider now directly holds 332,800 shares of D-Wave Quantum Inc (QBTS).