D-Wave Quantum Inc (NYSE: QBTS) is -43.69% lower on its value in year-to-date trading and has touched a low of $0.68 and a high of $11.41 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The QBTS stock was last observed hovering at around $3.83 in the last trading session, with the day’s gains setting it 0.9%.
Currently trading at $4.73, the stock is -38.95% and 3.93% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 138.56 million and changing 23.50% at the moment leaves the stock 133.41% off its SMA200. QBTS registered 499.95% gain for a year compared to 6-month gain of 255.64%. The firm has a 50-day simple moving average (SMA 50) of $4.47898 and a 200-day simple moving average (SMA200) of $2.01337.
The stock witnessed a 14.81% loss in the last 1 month and extending the period to 3 months gives it a 387.63%, and is -53.67% down 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 26.93% over the week and 27.99% over the month.
D-Wave Quantum Inc (QBTS) has around 200 employees, a market worth around $1.47B and $9.42M in sales. Profit margin for the company is -783.28%. Distance from 52-week low is 594.26% and -58.55% from its 52-week high. The company has generated returns on investments over the last 12 months (-334.55%).
with sales reaching $2.23M over the same period.The EPS is expected to grow by 24.52% this year, but quarterly earnings will post -0.07% year-over-year. Quarterly sales are estimated to shrink -23.40% in year-over-year returns.
D-Wave Quantum Inc (QBTS) Top Institutional Holders
107.0 institutions hold shares in D-Wave Quantum Inc (QBTS), with institutional investors hold 56.46% of the company’s shares. The shares outstanding are 164.20M, and float is at 121.91M with Short Float at 23.74%. Institutions hold 55.45% 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 PUBLIC SECTOR PENSION INVESTME, the company’s 10% Owner. SEC filings show that PUBLIC SECTOR PENSION INVESTME sold 9,615,306 shares of the company’s common stock on Jan 14 ’25 at a price of $4.52 per share for a total of $43.46 million. Following the sale, the insider now owns 20.38 million shares.
D-Wave Quantum Inc disclosed in a document filed with the SEC on Jan 13 ’25 that PUBLIC SECTOR PENSION INVESTME (10% Owner) sold a total of 7,278,688 shares of the company’s common stock. The trade occurred on Jan 13 ’25 and was made at $4.07 per share for $29.61 million. Following the transaction, the insider now directly holds 30.0 million shares of the QBTS stock.
Still, SEC filings show that on Jan 10 ’25, PUBLIC SECTOR PENSION INVESTME (10% Owner) disposed off 2,778,564 shares at an average price of $6.14 for $17.07 million. The insider now directly holds 37,278,688 shares of D-Wave Quantum Inc (QBTS).
