D-Wave Quantum Inc. (NYSE:QBTS) shares traded 13.64% higher at $1.25 on Wall Street last session.
In accordance with the data, 5 analysts cover D-Wave Quantum Inc. (NYSE:QBTS). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $3.00 and a low of $1.00, we find $2.00. Given the previous closing price of $1.10, this indicates a potential upside of 81.82 percent. QBTS stock price is now 116.14% away from the 50-day moving average and -58.72% away from the 200-day moving average. The market capitalization of the company currently stands at $200.41M.
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It has been rated a hold by 0 analysts and a buy by 5. Brokers who have rated the stock have averaged $1.90 as their price target over the next twelve months.
In other news, WEST STEVEN M, Director bought 25,000 shares of the company’s stock on Nov 17. The stock was bought for $63,750 at an average price of $2.55. Upon completion of the transaction, the Director now directly owns 54,021 shares in the company, valued at $67526.25. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 02, 10% Owner GOLDMAN SACHS GROUP INC bought 630 shares of the business’s stock. A total of $3,916 was incurred on buying the stock at an average price of $6.22. This leaves the insider owning 7,939,776 shares of the company worth $9.92 million. Insiders disposed of 20,063 shares of company stock worth roughly $25078.75 over the past 1 year. A total of 35.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in QBTS stock. A new stake in D-Wave Quantum Inc. shares was purchased by BRIDGEWAY CAPITAL MANAGEMENT, LLC during the first quarter worth $254,000. GROUP ONE TRADING, L.P. invested $141,000 in shares of QBTS during the first quarter. In the first quarter, CIBC PRIVATE WEALTH GROUP, LLC acquired a new stake in D-Wave Quantum Inc. valued at approximately $125,000. RENAISSANCE TECHNOLOGIES LLC acquired a new stake in QBTS for approximately $88,000. TWO SIGMA INVESTMENTS, LP purchased a new stake in QBTS valued at around $39,000 in the second quarter. In total, there are 30 active investors with 62.80% ownership of the company’s stock.
D-Wave Quantum Inc. (NYSE: QBTS) opened at $1.3000 on Thursday. During the past 12 months, D-Wave Quantum Inc. has had a low of $0.40 and a high of $13.23. The fifty day moving average price for QBTS is $0.5923 and a two-hundred day moving average price translates $2.9723 for the stock.
The latest earnings results from D-Wave Quantum Inc. (NYSE: QBTS) was released for Mar, 2023. According to the Computer Hardware Company, earnings per share came in at -$0.2, missing analysts’ expectations of -$0.13 by -0.07. This compares to -$0.09 EPS in the same period last year. The company reported revenue of $1.58 million for the quarter, compared to $1.71 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -7.59 percent. For the current quarter, analysts expect QBTS to generate $2.29M in revenue.
