D-Wave Quantum Inc [NYSE: QBTS] stock went on an upward path that rose over 55758444% on Friday, amounting to a one-week price decrease of less than -1.45%.
Over the last 12 months, QBTS stock rose by 86.31%. The one-year D-Wave Quantum Inc stock forecast points to a potential downside of -421374900.0. The average equity rating for QBTS stock is currently 1.00, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $4.89 billion, with 312.47 million shares outstanding and 295.66 million shares in the current float. Compared to the average trading volume of 67.42M shares, QBTS stock reached a trading volume of 55758444 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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 $16.00 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 Price to Book ratio for the last quarter was 21.99, 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 -1.45. With this latest performance, QBTS shares dropped by -5.50% in over the last four-week period, additionally plugging by 116.46% over the last 6 months – not to mention a rise of 86.31% in the past year of trading.
Insight into D-Wave Quantum Inc Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and D-Wave Quantum Inc [QBTS] shares currently have an operating margin of -332.34% and a Gross Margin at 83.23%. D-Wave Quantum Inc’s Net Margin is presently recorded at -617.83%.
Return on Equity for this stock declined to -70.54%, with Return on Assets sitting at -70.54%.
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
There are presently around $29.48%, or 30.21%% of QBTS stock, in the hands of institutional investors. 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%.
