D-Wave Quantum Inc (NYSE:QBTS) price on Wednesday, April 30, fall -1.29% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $6.91.
A look at the stock’s price movement, the close in the last trading session was $7.00, moving within a range at $6.52 and $6.93. The beta value (5-Year monthly) was 0.864. Turning to its 52-week performance, $11.95 and $0.75 were the 52-week high and 52-week low respectively. Overall, QBTS moved -9.08% over the past month.
D-Wave Quantum Inc’s market cap currently stands at around $2.01 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Mar-12.
Analysts have a consensus estimate of 10.5M for the company’s revenue for the quarter, with a low and high estimate of 10M and 12.04M respectively. The average forecast suggests up to a 326.00% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 22.36M, representing a 153.33% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that QBTS is a 50% Buy. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
4 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 4 recommend QBTS as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
QBTS’s current price about 0.22% and -2.33% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 48.06, while 7-day volatility ratio is 8.33% and 9.95% in the 30-day chart. Further, D-Wave Quantum Inc (QBTS) has a beta value of 0.89, and an average true range (ATR) of 0.75. Analysts have given the company’s stock an average 52-week price target of $2.5, forecast between a low of $2 and high of $4. Looking at the price targets, the low is 71.06% off current price level while to achieve the yearly target high, price needs to move 42.11%. Nonetheless, investors will most likely welcome a 63.82% jump to $2.5 which is the analysts’ median price.
If we refocus on D-Wave Quantum Inc (NYSE:QBTS), historical trading data shows that trading volumes averaged 25.87 over the past 10 days and 61.22 million over the past 3 months. The company’s latest data on shares outstanding shows there are 291.35 million shares.
The 4.59% of D-Wave Quantum Inc’s shares are in the hands of company insiders while institutional holders own 20.55% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 48.03 million on 2025-04-15, giving us a short ratio of 0.72. The data shows that as of 2025-04-15 short interest in D-Wave Quantum Inc (QBTS) stood at 1720.0 of shares outstanding, with shares short falling to 50.06 million registered in 2025-03-14. Current price change has pushed the stock -17.74% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the QBTS stock continues to rise going into the next quarter.
