The price of D-Wave Quantum Inc (NYSE:QBTS) shares last traded on Wall Street fell -33.62% to $3.83.
QBTS stock price is now -14.49% away from the 50-day moving average and 90.23% away from the 200-day moving average. The market capitalization of the company currently stands at $1.03B.
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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 bought 40,057,252 shares of the company’s stock on Jan 10 ’25. The stock was bought for $244,349,237 at an average price of $6.10. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 20 ’24, 10% Owner PUBLIC SECTOR PENSION INVESTME sold 1,000,000 shares of the business’s stock. A total of $6,678,200 was realized by selling the stock at an average price of $6.68. 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 $11.41. The fifty day moving average price for QBTS is $4.42518 and a two-hundred day moving average price translates $2.00397 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.
