Craig-Hallum analyst Richard Shannon maintained a Buy rating on D-Wave Quantum (QBTS – Research Report) today. The company’s shares opened today at $1.64.
According to TipRanks, Shannon is a 4-star analyst with an average return of 7.9% and a 46.30% success rate. Shannon covers the Technology sector, focusing on stocks such as Ouster, Ambarella, and POET Technologies.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for D-Wave Quantum with a $4.00 average price target, which is a 143.90% upside from current levels. In a report released on July 24, Benchmark Co. also maintained a Buy rating on the stock with a $4.00 price target.
See Insiders’ Hot Stocks on TipRanks >>
The company has a one-year high of $13.23 and a one-year low of $0.40. Currently, D-Wave Quantum has an average volume of 8M.
Based on the recent corporate insider activity of 32 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of QBTS in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
DPCM Capital Inc is a blank check company.
Read More on QBTS:
