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D-Wave Quantum Inc (QBTS) Analysis & Opinions from Experts

D-Wave Quantum Inc (NYSE: QBTS) is 126.11% 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 $2.04 in the last trading session, with the day’s loss setting it -0.05%.

Currently trading at $1.99, the stock is 2.68% and 29.52% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.2 million and changing -2.45% at the moment leaves the stock 49.10% off its SMA200. QBTS registered 265.14% gain for a year compared to 6-month gain of 105.11%. The firm has a 50-day simple moving average (SMA 50) of $42.81 and a 200-day simple moving average (SMA200) of -$4.81.

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The stock witnessed a 7.57% loss in the last 1 month and extending the period to 3 months gives it a 113.40%, and is 2.58% 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 11.67% over the week and 15.27% over the month.

D-Wave Quantum Inc (QBTS) has around 200 employees, a market worth around $225.67M and $8.76M in sales. Profit margin for the company is -943.43%. Distance from 52-week low is 402.27% and -37.81% from its 52-week high. The company has generated returns on investments over the last 12 months (-178.08%).

D-Wave Quantum Inc quarterly earnings per share for the current quarter are estimated at -$0.1 with sales reaching $4.15M over the same period.The EPS is expected to grow by 42.22% this year, but quarterly earnings will post 152.90% year-over-year. Quarterly sales are estimated to grow 104.40% in year-over-year returns.

D-Wave Quantum Inc (QBTS) Top Institutional Holders

52 institutions hold shares in D-Wave Quantum Inc (QBTS), with institutional investors hold 102.92% of the company’s shares. The shares outstanding are 161.11M, and float is at 101.11M with Short Float at 5.42%. Institutions hold 97.37% 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

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 ’23 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 ’23 that Michael Emil (Director) sold a total of 29,021 shares of the company’s common stock. The trade occurred on Jun 15 ’23 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 ’23, 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).

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