D-Wave Quantum Inc [NYSE: QBTS] plunged by $64539985.94 during the normal trading session on Friday and reaching a high of $14.4 during the day while it closed the day at $64540000.00000001.
D-Wave Quantum Inc stock has also loss -10.42% of its value over the past 7 days. However, QBTS stock has inclined by 73.95% in the 3 months of the year. Over the past six months meanwhile, it has gained 72.02% and gained 1186.24% year-on date.
The market cap for QBTS stock reached $4.38 billion, with 312.47 million shares outstanding and 295.68 million shares in the current float. Compared to the average trading volume of 64.54M shares, QBTS reached a trading volume of 62626746 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about 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 19.70, with the Price to Cash per share for the same quarter was set at 0.97.
QBTS stock trade performance evaluation
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 -10.42. With this latest performance, QBTS shares dropped by -20.11% in over the last four-week period, additionally plugging by 72.02% over the last 6 months – not to mention a rise of 66.90% in the past year of trading.
D-Wave Quantum Inc [QBTS]: An insightful look at the core 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%.
Earnings per share (EPS) analysis for D-Wave Quantum Inc [QBTS] stock
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]: Institutional Ownership
There are presently around $29.53%, or 30.27% 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%.
