D-Wave Quantum Inc (NYSE:QBTS) shares, rose in value on Wednesday, April 16, with the stock price down by -6.94% to the previous day’s close as strong demand from buyers drove the stock to $6.44.
Actively observing the price movement in the last trading, the stock closed the session at $6.92, falling within a range of $6.27 and $6.75. The value of beta (5-year monthly) was 0.864. Referring to stock’s 52-week performance, its high was $11.95, and the low was $0.75. On the whole, QBTS has fluctuated by -40.37% over the past month.
With the market capitalization of D-Wave Quantum Inc currently standing at about $1.88 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Mar-12.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 22.36M, with a low estimate of 10M and a high estimate of 12.04M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 10.5M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that QBTS’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of QBTS currently trading nearly -13.66% and -6.86% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 43.04, while the 7-day volatility ratio is showing 8.22% which for the 30-day chart, stands at 12.64%. Furthermore, D-Wave Quantum Inc (QBTS)’s beta value is 0.91, and its average true range (ATR) is 0.91.
A comparison of D-Wave Quantum Inc (QBTS) with its peers suggests the former has fared considerably weaker in the market. QBTS showed an intraday change of -6.94% in last session, and over the past year, it grew by 307.59%%.
Data on historical trading for D-Wave Quantum Inc (NYSE:QBTS) indicates that the trading volumes over the past 10 days have averaged 33.54 and over the past 3 months, they’ve averaged 71.69 million. According to company’s latest data on outstanding shares, there are 291.35 million shares outstanding.
Nearly 4.62% of D-Wave Quantum Inc’s shares belong to company insiders and institutional investors own 19.56% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 49.1 million shares as on 2025-03-31, resulting in a short ratio of 0.58. According to the data, the short interest in D-Wave Quantum Inc (QBTS) stood at 2266.00 of shares outstanding as of 2025-03-31; the number of short shares registered in 2025-02-28 reached 54.45 million. The stock has fallen by -23.33% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the QBTS stock heading into the next quarter.
