D-Wave Quantum Inc (NYSE: QBTS) is 27.62% higher on its value in year-to-date trading and has touched a low of $0.75 and a high of $11.95 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 $11.09 in the last trading session, with the day’s loss setting it -0.37%.
Currently trading at $10.72, the stock is 41.89% and 44.25% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 75.91 million and changing -3.34% at the moment leaves the stock 151.30% off its SMA200. QBTS registered 688.24% gain for a year compared to 6-month gain of 848.67%.
The stock witnessed a 48.89% loss in the last 1 month and extending the period to 3 months gives it a 83.88%, and is 47.25% 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 16.46% over the week and 9.83% over the month.
D-Wave Quantum Inc (QBTS) has around 220 employees, a market worth around $3.13B and $21.36M in sales. Profit margin for the company is -617.83%. Distance from 52-week low is 1328.38% and -10.29% from its 52-week high. The company has generated returns on investments over the last 12 months (-54.10%).
The EPS is expected to grow by 55.90% this year.
D-Wave Quantum Inc (QBTS) Top Institutional Holders
The shares outstanding are 287.83M, and float is at 275.76M with Short Float at 20.45%.
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 34.5252% 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 3.6098 of the shares outstanding. The other top investors are PENSERRA CAPITAL MANAGEMENT LLC which holds 3.65 million shares representing 2.118% and valued at over $4.16 million, while STATE STREET CORP holds 1.164 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 Nguyen Diane, the company’s General Counsel. SEC filings show that Nguyen Diane sold 2,383 shares of the company’s common stock on Jan 23 ’25 at a price of $5.27 per share for a total of $12558.0. Following the sale, the insider now owns 0.45 million shares.
D-Wave Quantum Inc disclosed in a document filed with the SEC on Jan 23 ’25 that Markovich John M. (Chief Financial Officer) sold a total of 5,582 shares of the company’s common stock. The trade occurred on Jan 23 ’25 and was made at $5.27 per share for $29417.0. Following the transaction, the insider now directly holds 1.06 million shares of the QBTS stock.
Still, SEC filings show that on Jan 23 ’25, BARATZ ALAN E (President & CEO) disposed off 8,372 shares at an average price of $5.27 for $44120.0. The insider now directly holds 2,342,208 shares of D-Wave Quantum Inc (QBTS).
