NYSE:QBTS

D-Wave Quantum (QBTS) Stock Price, News & Analysis

$1.44
-0.04 (-2.70%)
(As of 04/26/2024 ET)
Today's Range
$1.40
$1.52
50-Day Range
$1.38
$2.35
52-Week Range
$0.40
$3.20
Volume
3.54 million shs
Average Volume
3.10 million shs
Market Capitalization
$232.82 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$2.80

D-Wave Quantum MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
94.4% Upside
$2.80 Price Target
Short Interest
Bearish
7.90% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.00mentions of D-Wave Quantum in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Decreasing
From ($0.36) to ($0.39) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.19 out of 5 stars

Computer And Technology Sector

440th out of 588 stocks

Data Processing & Preparation Industry

38th out of 50 stocks

QBTS stock logo

About D-Wave Quantum Stock (NYSE:QBTS)

D-Wave Quantum Inc. develops and delivers quantum computing systems, software, and services worldwide. The company offers Advantage, a fifth-generation quantum computer; Ocean, a suite of open-source python tools; and Leap, a cloud-based service that provides real-time access to a live quantum computer, as well as access to Advantage, hybrid solvers, the Ocean software development kit, live code, demos, learning resources, and a vibrant developer community. It also provides D-Wave Launch, a quantum professional service that guides enterprises from problem discovery through production implementation. The company's quantum solutions are used in logistics, financial services, drug discovery, materials sciences, scheduling, fault detection, mobility, and supply chain management. It serves financial services, manufacturing/logistics, mobility, and life sciences/pharmaceuticals industries. D-Wave Quantum Inc. was founded in 1999 and is headquartered in Burnaby, Canada.

QBTS Stock Price History

QBTS Stock News Headlines

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If you think AI is big, then you have got to check out something I call Imperium… By my calculations, it’s set to grow 320,000% in three years. (You can see my calculations here.)
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Forget AI, Imperium Is Expected to Grow 320,00% in 3 Years
If you think AI is big, then you have got to check out something I call Imperium… By my calculations, it’s set to grow 320,000% in three years. (You can see my calculations here.)
D-Wave Quantum's Earnings Outlook
See More Headlines
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Company Calendar

Last Earnings
3/28/2024
Today
4/27/2024
Next Earnings (Estimated)
5/17/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Data processing & preparation
Sub-Industry
N/A
Fax
N/A
Employees
215
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$2.80
High Stock Price Target
$4.00
Low Stock Price Target
$2.00
Potential Upside/Downside
+96.5%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
5 Analysts

Profitability

Net Income
$-82,710,000.00
Net Margins
-940.27%
Pretax Margin
-944.45%

Debt

Sales & Book Value

Annual Sales
$8.76 million
Book Value
($0.15) per share

Miscellaneous

Free Float
140,502,000
Market Cap
$230.39 million
Optionable
Optionable
Beta
0.90
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Key Executives

  • Dr. Alan E. Baratz Ph.D. (Age 69)
    President, CEO & Director
    Comp: $766.35k
  • Mr. John M. Markovich (Age 67)
    Chief Financial Officer
    Comp: $494.05k
  • Mr. Eric Ladizinsky
    Co-Founder and Fellow
  • Ms. Diane Nguyen
    General Counsel
  • Ms. Michelle Maggs
    Vice President of Corporate Marketing
  • Dr. Mark W. Johnson
    Senior Vice President of Quantum Technologies & Systems Products

QBTS Stock Analysis - Frequently Asked Questions

Should I buy or sell D-Wave Quantum stock right now?

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for D-Wave Quantum in the last twelve months. There are currently 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" QBTS shares.
View QBTS analyst ratings
or view top-rated stocks.

What is D-Wave Quantum's stock price target for 2024?

5 analysts have issued 12 month price targets for D-Wave Quantum's shares. Their QBTS share price targets range from $2.00 to $4.00. On average, they anticipate the company's stock price to reach $2.80 in the next twelve months. This suggests a possible upside of 94.4% from the stock's current price.
View analysts price targets for QBTS
or view top-rated stocks among Wall Street analysts.

How have QBTS shares performed in 2024?

D-Wave Quantum's stock was trading at $0.8801 on January 1st, 2024. Since then, QBTS stock has increased by 63.6% and is now trading at $1.44.
View the best growth stocks for 2024 here
.

Are investors shorting D-Wave Quantum?

D-Wave Quantum saw a increase in short interest in March. As of March 31st, there was short interest totaling 7,810,000 shares, an increase of 42.5% from the March 15th total of 5,480,000 shares. Based on an average daily trading volume, of 4,350,000 shares, the short-interest ratio is presently 1.8 days. Approximately 7.8% of the shares of the stock are sold short.
View D-Wave Quantum's Short Interest
.

When is D-Wave Quantum's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, May 17th 2024.
View our QBTS earnings forecast
.

How were D-Wave Quantum's earnings last quarter?

D-Wave Quantum Inc. (NYSE:QBTS) announced its quarterly earnings data on Thursday, March, 28th. The company reported ($0.10) EPS for the quarter, hitting analysts' consensus estimates of ($0.10). The company had revenue of $2.91 million for the quarter, compared to the consensus estimate of $4.86 million.

How do I buy shares of D-Wave Quantum?

Shares of QBTS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:QBTS) was last updated on 4/27/2024 by MarketBeat.com Staff

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