The trading price of D-Wave Quantum Inc (NYSE:QBTS) closed higher on Tuesday, March 25, and closing at $8.78, 0.69% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $8.08 and $8.96. In examining the 52-week price action we see that the stock hit a 52-week high of $11.95 and a 52-week low of $0.75. Over the past month, the stock has gained 36.97% in value.
D-Wave Quantum Inc, whose market valuation is $2.56 billion at the time of this writing, is expected to release its quarterly earnings report on 2025-Mar-12. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by -0.04 per share this quarter, however they have predicted annual earnings per share of -0.2 for current year and -0.19 for next year.
Analysts have forecast the company to bring in revenue of 10.5M for the current quarter, with the likely lows of 10M and highs of 12.04M. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 22.36M.
On the technical side, indicators suggest QBTS has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned QBTS a recommendation rating is 4. Out of them, 0 rate it a Hold, while 4 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged D-Wave Quantum Inc (QBTS) as Underweight, while 0 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
A quick review shows that QBTS’s price is currently 22.43% off the SMA20 and 36.69% off the SMA50. The RSI metric on the 14-day chart is currently showing 57.83, and weekly volatility stands at 16.64%. When measured over the past 30 days, the indicator reaches 16.44%. D-Wave Quantum Inc (NYSE:QBTS)’s beta value is currently sitting at 0.89, while the Average True Range indicator is currently displaying 1.22. With analysts defining $2-$4 as the low and high price targets, we arrive at a consensus price target of $2.5 for the trailing 12-month period. The current price is about 77.22% off the estimated low and 54.44% off the forecast high, based on this estimate. Investors will be thrilled if QBTS’s share price rises to $2.5, which is the median consensus price. At that level, QBTS’s share price would be 71.53% above current price.
To see how D-Wave Quantum Inc stock has been performing in comparison to its peers in the industry, here are the numbers: QBTS stock’s performance was 0.69% in the latest trading, and 362.11% in the past year.
An evaluation of the daily trading volume of D-Wave Quantum Inc (NYSE:QBTS) indicates that the 3-month average is 86.86 million. However, this figure has increased over the past 10 days to an average of 136.52.
Currently, records show that 291.32 million of the company’s shares remain outstanding. The insiders hold 4.62% of outstanding shares, whereasinstitutions hold 18.96%. The stats also highlight that short interest as of 2025-02-28, stood at 54.45 million shares, resulting in a short ratio of 0.88 at that time. From this, we can conclude that short interest is 3589.00 of the company’s total outstanding shares. It is noteworthy that short shares in February were up slightly from the previous month’s figure, which was 39.32 million. However, since the stock’s price has seen 4.52% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
