With 48.41 million shares changed hands, the volume of the stock remained lighter than its average volume of 85.5 million shares. The 52-week range on QBTS shows that it touched its highest point at $11.41 and its lowest point at $0.75 during that stretch. It currently has a 1-year price target of $7.67. Beta for the stock currently stands at 1.08.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of QBTS was down-trending over the past week, with a drop of -1.99%, but this was down by -2.79% over a month. Three-month performance surged to 254.49% while six-month performance rose 453.27%. The stock gained 213.23% in the past year, while it has lost -29.52% so far this year. A look at the trailing 12-month EPS for QBTS yields -0.42 with Next year EPS estimates of -0.23. For the next quarter, that number is -0.06. This implies an EPS growth rate of 25.46% for this year and 26.58% for next year.
Float and Shares Shorts:
At present, 310.33 million QBTS shares are outstanding with a float of 257.91 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for QBTS since 4 analysts follow the stock currently. There are 4 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$0.30059 being high and -$0.33141 being low. For QBTS, this leads to a yearly average estimate of -$0.316. Based on analyst estimates, the high estimate for the next quarter is -$0.05 and the low estimate is -$0.07. The average estimate for the next quarter is thus -$0.06.
