D-Wave Quantum Inc (NYSE:QBTS) price on Thursday, March 20, fall -18.02% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $8.69.
A look at the stock’s price movement, the close in the last trading session was $10.60, moving within a range at $8.27 and $11.24. The beta value (5-Year monthly) was 1.114. Turning to its 52-week performance, $11.95 and $0.75 were the 52-week high and 52-week low respectively. Overall, QBTS moved 32.87% over the past month.
D-Wave Quantum Inc’s market cap currently stands at around $2.88 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Mar-12.
Turning to the stock’s technical picture we see that short term indicators suggest on average that QBTS is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
4 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 4 recommend QBTS as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
QBTS’s current price about 26.72% and 37.19% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 57.80, while 7-day volatility ratio is 24.35% and 16.96% in the 30-day chart. Further, D-Wave Quantum Inc (QBTS) has a beta value of 0.61, and an average true range (ATR) of 1.29. Analysts have given the company’s stock an average 52-week price target of $2.5, forecast between a low of $2 and high of $4. Looking at the price targets, the low is 76.99% off current price level while to achieve the yearly target high, price needs to move 53.97%. Nonetheless, investors will most likely welcome a 71.23% jump to $2.5 which is the analysts’ median price.
If we refocus on D-Wave Quantum Inc (NYSE:QBTS), historical trading data shows that trading volumes averaged 121.24 over the past 10 days and 85.31 million over the past 3 months. The company’s latest data on shares outstanding shows there are 331.56 million shares.
The 16.19% of D-Wave Quantum Inc’s shares are in the hands of company insiders while institutional holders own 16.66% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 54.45 million on 2025-02-28, giving us a short ratio of 0.88. The data shows that as of 2025-02-28 short interest in D-Wave Quantum Inc (QBTS) stood at 3588.9998 of shares outstanding, with shares short rising to 39.32 million registered in 2025-01-31. Current price change has pushed the stock 3.45% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the QBTS stock continues to rise going into the next quarter.
