With 81.92 million shares changed hands, the volume of the stock remained heavier than its average volume of 76.71 million shares. The 52-week range on QBTS shows that it touched its highest point at $19.76 and its lowest point at $0.75 during that stretch. It currently has a 1-year price target of $12.83. Beta for the stock currently stands at 1.48.
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 up-trending over the past week, with a rise of 14.02%, but this was up by 170.25% over a month. Three-month performance surged to 259.46% while six-month performance rose 522.74%. The stock gained 1343.41% in the past year, while it has gained 121.67% so far this year. A look at the trailing 12-month EPS for QBTS yields -0.60 with Next year EPS estimates of -0.16. For the next quarter, that number is -0.05. This implies an EPS growth rate of 55.90% for this year and 9.30% for next year. EPS is expected to grow by 32.49% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -0.61%.
Float and Shares Shorts:
At present, 310.27 million QBTS shares are outstanding with a float of 293.34 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.
