The price of D-Wave Quantum Inc (NYSE:QBTS) shares last traded on Wall Street rose 44.60% to $7.23.
QBTS stock price is now 247.64% away from the 50-day moving average and 385.92% away from the 200-day moving average. The market capitalization of the company currently stands at $2.69B.
With the price target of $3, B. Riley Securities recently initiated with Buy rating for D-Wave Quantum Inc (NYSE: QBTS). On April 08, 2024, Needham recently initiated its ‘Buy’ rating on the stock quoting a target price of $2.50, while ‘Piper Sandler’ rates the stock as ‘Overweight’
In other news, PUBLIC SECTOR PENSION INVESTME, 10% Owner sold 9,292,600 shares of the company’s stock on Dec 11 ’24. The stock was sold for $40,137,938 at an average price of $4.32. Upon completion of the transaction, the 10% Owner now directly owns 9,437,593 shares in the company, valued at $68.23 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 12 ’24, 10% Owner PUBLIC SECTOR PENSION INVESTME sold 8,437,593 shares of the business’s stock. A total of $35,496,954 was realized by selling the stock at an average price of $4.21. This leaves the insider owning 1,000,000 shares of the company worth $7.23 million. A total of 28.35% of the company’s stock is owned by insiders.
During the past 12 months, D-Wave Quantum Inc has had a low of $0.68 and a high of $5.38. The fifty day moving average price for QBTS is $1.95516 and a two-hundred day moving average price translates $1.46037 for the stock.
The latest earnings results from D-Wave Quantum Inc (NYSE: QBTS) was released for 2024-06-30. The company reported revenue of $1.87 million for the quarter, compared to $2.56 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -27.01 percent.
