D-Wave Quantum (NYSE:QBTS - Get Free Report) issued its earnings results on Monday. The company reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.03, Zacks reports. The company had revenue of $15.00 million for the quarter, compared to analyst estimates of $10.50 million.
D-Wave Quantum Stock Performance
Shares of QBTS opened at $11.10 on Monday. The stock has a market capitalization of $3.23 billion, a PE ratio of -26.43 and a beta of 0.90. D-Wave Quantum has a 1 year low of $0.75 and a 1 year high of $11.95. The company's 50-day simple moving average is $7.41 and its 200-day simple moving average is $5.84.
Wall Street Analysts Forecast Growth
A number of research firms recently commented on QBTS. B. Riley upped their price objective on D-Wave Quantum from $11.00 to $12.00 and gave the company a "buy" rating in a report on Friday, March 14th. Roth Mkm upped their price target on D-Wave Quantum from $7.00 to $10.00 and gave the company a "buy" rating in a research note on Friday, March 14th. Needham & Company LLC upped their price target on D-Wave Quantum from $8.50 to $13.00 and gave the company a "buy" rating in a research note on Friday. Finally, Benchmark reaffirmed a "buy" rating and issued a $8.00 target price on shares of D-Wave Quantum in a research report on Friday, March 14th. Six research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $9.17.
Check Out Our Latest Stock Analysis on D-Wave Quantum
About D-Wave Quantum
(
Get Free Report)
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.
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