The price of D-Wave Quantum Inc (NYSE:QBTS) shares last traded on Wall Street rose 19.35% to $6.29.
QBTS stock price is now 27.58% away from the 50-day moving average and 199.08% away from the 200-day moving average. The market capitalization of the company currently stands at $1.95B.
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 9,615,306 shares of the company’s stock on Jan 14 ’25. The stock was sold for $43,459,766 at an average price of $4.52. Upon completion of the transaction, the 10% Owner now directly owns 20,384,694 shares in the company, valued at $128.22 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 13 ’25, 10% Owner PUBLIC SECTOR PENSION INVESTME sold 7,278,688 shares of the business’s stock. A total of $29,605,110 was realized by selling the stock at an average price of $4.07. This leaves the insider owning 30,000,000 shares of the company worth $188.7 million. A total of 27.82% 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 $11.41. The fifty day moving average price for QBTS is $4.8264 and a two-hundred day moving average price translates $2.08152 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. For the current quarter, analysts expect QBTS to generate $2.23M in revenue.
