D-Wave Quantum Surges 3.33% in 75th Ranked Trading Day with $10.26 Billion Volume

Generated by AI AgentAinvest Volume Radar
Tuesday, Jun 3, 2025 7:42 pm ET1min read

On June 3, 2025,

(QBTS) saw a trading volume of 10.26 billion, ranking 75th in the day's market activity. The stock rose by 3.33%, marking its third consecutive day of gains, with a total increase of 8.67% over the past three days.

D-Wave Quantum has filed for a $400 million mixed securities shelf, positioning itself for potential future growth. This strategic move allows the company to access capital markets when opportunities arise, signaling potential future growth strategies. Investors are advised to monitor developments closely.

Analysts have set a cautious price target for D-Wave Quantum, with an average of $12.60, indicating a potential downside from the current trading price. This conservative outlook is based on estimates from multiple analysts, reflecting a range of predictions.

Despite the cautious price target, D-Wave Quantum enjoys an "Outperform" consensus recommendation from brokerages, with an average rating of 2.0 on a scale from 1 (Strong Buy) to 5 (Sell). This optimistic rating suggests confidence in the company's potential, despite current price concerns.

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