D-Wave Quantum Inc (NYSE: QBTS) is 17.03% higher on its value in year-to-date trading and has touched a low of $0.57 and a high of $2.44 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 $0.98 in the last trading session, with the day’s gains setting it 0.05%.
Currently trading at $1.03, the stock is 8.00% and 7.48% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.73 million and changing 5.09% at the moment leaves the stock -17.59% off its SMA200. QBTS registered 4.04% gain for a year compared to 6-month loss of -49.51%. The firm has a 50-day simple moving average (SMA 50) of $0.9575 and a 200-day simple moving average (SMA200) of $1.25001.
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The stock witnessed a 8.23% gain in the last 1 month and extending the period to 3 months gives it a -9.65%, and is 11.06% 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 6.05% over the week and 6.67% over the month.
D-Wave Quantum Inc (QBTS) has around 200 employees, a market worth around $175.24M and $10.12M in sales. Profit margin for the company is -664.39%. Distance from 52-week low is 80.70% and -57.79% from its 52-week high. The company has generated returns on investments over the last 12 months (-401.25%).
with sales reaching $2.53M over the same period.The EPS is expected to grow by 22.55% this year, but quarterly earnings will post 15.20% year-over-year. Quarterly sales are estimated to shrink -1.20% in year-over-year returns.
D-Wave Quantum Inc (QBTS) Top Institutional Holders
99.0 institutions hold shares in D-Wave Quantum Inc (QBTS), with institutional investors hold 53.51% of the company’s shares. The shares outstanding are 170.14M, and float is at 121.09M with Short Float at 13.20%. Institutions hold 52.61% of the Float.
The top institutional shareholder in the company is PUBLIC SECTOR PENSION INVESTMENT BOARD with over 59.43 million shares valued at $67.75 million. The investor’s holdings represent 36.8433% of the QBTS Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 6.21 million shares valued at $7.08 million to account for 3.8522 of the shares outstanding. The other top investors are PENSERRA CAPITAL MANAGEMENT LLC which holds 3.65 million shares representing 2.2602% and valued at over $4.16 million, while STATE STREET CORP holds 1.2422 of the shares totaling 2.0 million with a market value of $2.28 million.
D-Wave Quantum Inc (QBTS) Insider Activity
The most recent transaction is an insider sale by Michael Emil, the company’s Director. SEC filings show that Michael Emil sold 49,910 shares of the company’s common stock on Jun 04 ’24 at a price of $1.26 per share for a total of $62887.0. Following the sale, the insider now owns 0.89 million shares.
D-Wave Quantum Inc disclosed in a document filed with the SEC on May 31 ’24 that Michael Emil (Director) sold a total of 36,353 shares of the company’s common stock. The trade occurred on May 31 ’24 and was made at $1.30 per share for $47379.0. Following the transaction, the insider now directly holds 0.96 million shares of the QBTS stock.
Still, SEC filings show that on Jun 03 ’24, Michael Emil (Director) disposed off 25,675 shares at an average price of $1.35 for $34761.0. The insider now directly holds 937,048 shares of D-Wave Quantum Inc (QBTS).
