D-Wave Quantum Inc (NYSE:QBTS) currently has a daily average trading volume of 70.06M but it saw 240167294 shares traded in last market. With a market cap of 5.56B USD, the company’s current market price of $19.04 came rising about 23.96 while comparing to the previous closing price of $15.36. In past 52 weeks, the stock remained buoying in the range of price level as high as $17.80 and as low as $0.75.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the B. Riley Securities which initiated the stock as “Buy” in its note to investors issued on July 25, 2024, recommending a price target of $3 for it. Piper Sandler also issued its recommendations for the stock as it initiated the price target for the stock is $12.
Over the week, QBTS’s stock price is moving 72.62% up while it is 167.04% when we observe its performance for the past one month. Year-to-date it is 126.67% up and over the past year, the stock is showing an upside performance of 1353.44%.
The company is expected to be releasing its next quarterly report in June, for which analysts forecasted an EPS of -0.06 while estimate for next year EPS is -0.19. In next quarter, company is expected to be making quarterly sales of $3.18M as analysts are expecting the sales for current fiscal year at $24.36M and seeing the company making $38.05M in sales next year. Moreover, analysts are in estimates of $2.58M for current-quarter revenue.
Currently, D-Wave Quantum Inc’s total number of outstanding shares is 287.83M with 2.63% of that held by the insiders while 31.28% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -54.10% and return on equity (ROE) at -154.89%. Stock’s beta reads 1.30. Stock has a price to book (P/B) ratio of 26.75 while price to sale or P/S ratio amounts to 260.46. Its return on asset (ROA) is -70.54% on average.
