D-Wave Quantum Inc [NYSE: QBTS] price plunged by -4.47 percent to reach at -$0.71.
The one-year QBTS stock forecast points to a potential downside of -9.69. The average equity rating for QBTS stock is currently 1.00, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on D-Wave Quantum Inc [QBTS]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for QBTS shares is $13.83 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on QBTS stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
B. Riley Securities have made an estimate for D-Wave Quantum Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on July 25, 2024. While these analysts kept the previous recommendation, Needham raised their target price to Buy. The new note on the price target was released on April 08, 2024, representing the official price target for D-Wave Quantum Inc stock. Previously, the target price had yet another raise to $12, while Piper Sandler analysts kept a Overweight rating on QBTS stock.
The Average True Range (ATR) for D-Wave Quantum Inc is set at 1.61, with the Price to Sales ratio for QBTS stock in the period of the last 12 months amounting to 221.92. The Price to Book ratio for the last quarter was 21.31, with the Price to Cash per share for the same quarter was set at 0.97.
QBTS Stock Performance Analysis:
D-Wave Quantum Inc [QBTS] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -18.53. With this latest performance, QBTS shares gained by 36.91% in over the last four-week period, additionally plugging by 224.15% over the last 6 months – not to mention a rise of 1207.76% in the past year of trading.
#####
Insight into D-Wave Quantum Inc Fundamentals:
D-Wave Quantum Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 20.61 and a Current Ratio set at 20.73.
QBTS Stock EPS
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for QBTS. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for D-Wave Quantum Inc go to 32.49%.
D-Wave Quantum Inc [QBTS] Institutonal Ownership Details
The top three institutional holders of QBTS stocks are: PUBLIC SECTOR PENSION INVESTMENT BOARD with ownership of 59.43 million shares, which is approximately 34.5252%. BLACKROCK INC., holding 6.21 million shares of the stock with an approximate value of $$7.08 million in QBTS stocks shares; and BLACKROCK INC., currently with $$4.16 million in QBTS stock with ownership which is approximately 2.118%.
