D-Wave Quantum Inc (NYSE:QBTS) does about 3.52M shares in volume on a normal day but saw 1828777 shares change hands in Tuesday trading. The company now has a market cap of 140.28M USD. Its current market price is $1.11, marking an increase of 2.78% compared to the previous close of $1.08. The 52 week high reached by this stock is $3.20 whilst the lowest price level in 52 weeks is $0.57.
D-Wave Quantum Inc (QBTS) has a 20-day trading average at $1.1550 and the current price is -65.31% off the 52-week high compared with 94.74% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.2830 and its 200-day simple moving average is $1.2154. If we look at the stock’s price movements over the week, volatility stands at 8.11%, which decreases to 7.55% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 41.98 to suggest the stock is neutral.
The consensus objective for the share price is $3.00, suggesting that the stock has a potential upside of 63.0% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on April 08, 2024 when Needham initiated the stock to “Buy” and issued a price target of $2.50. ROTH Capital initiated its price target at $20.
D-Wave Quantum Inc (QBTS) stock is up 1.83% over the week and -17.78% over the past month. Its price is 26.12% year-to-date and -46.89% over the past year.
To reach the target analysts have set, the stock logically needs to grow 63.0 percent from here.
The company has a return on investment of -227.83%. The beta has a value of 0.98. Price to sales ratio is 14.55.
