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NYSE:QBTS

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

$1.74
+0.21 (+13.73%)
(As of 11:52 AM ET)
Compare
Today's Range
$1.42
$1.75
50-Day Range
$0.41
$1.67
52-Week Range
$0.40
$13.23
Volume
3.92 million shs
Average Volume
2.94 million shs
Market Capitalization
$221.28 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$5.00

D-Wave Quantum MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
224.7% Upside
$5.00 Price Target
Short Interest
Healthy
1.99% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
-0.23mentions of D-Wave Quantum in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Decreasing
From ($0.54) to ($0.64) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.83 out of 5 stars

Computer And Technology Sector

480th out of 606 stocks

Data Processing & Preparation Industry

45th out of 64 stocks


QBTS stock logo

About D-Wave Quantum (NYSE:QBTS) Stock

D-Wave Quantum Inc. develops and delivers quantum computing systems, software, and services worldwide. The company offers Advantage, a fifth-generation quantum computer; Launch, a quantum computing onboarding service; Ocean a full suite of open-source programming 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 in-production application deployment. The company's quantum solutions are used in artificial intelligence, materials sciences, drug discovery, scheduling, cybersecurity, fault detection, and financial modeling. It serves manufacturing and logistics, financial services, life sciences, and other industries. D-Wave Quantum Inc. is based in Burnaby, Canada.

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QBTS Stock News Headlines

Financial Survey: D-Wave Quantum (QBTS) versus Its Peers
Why D-Wave Shares Are Surging Today
Investor Alert: EV Initiatives Create Unsustainable Demand For Lithium
The soaring demand for lithium is driven by worldwide demand for electric vehicles (EVs). Lithium is ideal for electric cars. It's lightweight, stores lots of energy and is rechargeable. Sales of EVs are expected to increase 10-fold by 2030 and estimates are that 1 in 2 cars sold will be electric by 2040.
Benchmark Co. Remains a Buy on D-Wave Quantum (QBTS)
Investor Alert: EV Initiatives Create Unsustainable Demand For Lithium
The soaring demand for lithium is driven by worldwide demand for electric vehicles (EVs). Lithium is ideal for electric cars. It's lightweight, stores lots of energy and is rechargeable. Sales of EVs are expected to increase 10-fold by 2030 and estimates are that 1 in 2 cars sold will be electric by 2040.
D-Wave Reports First Quarter Results
Contrasting Workday (NASDAQ:WDAY) & D-Wave Quantum (NYSE:QBTS)
D-Wave Successfully Completes SOC 2 Audit
D-Wave Quantum (NYSE:QBTS) PT Lowered to $2.00
Expert Ratings for D-Wave Quantum
See More Headlines

QBTS Price History

QBTS Company Calendar

Last Earnings
4/14/2023
Today
6/05/2023
Next Earnings (Estimated)
8/15/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Forecast
$5.00
High Stock Price Forecast
$10.00
Low Stock Price Forecast
$2.00
Forecasted Upside/Downside
+207.7%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
5 Analysts

Profitability

Net Income
$-51,530,000.00
Net Margins
-915.96%
Pretax Margin
-915.39%

Debt

Sales & Book Value

Annual Sales
$7.17 million
Book Value
($0.05) per share

Miscellaneous

Free Float
110,514,000
Market Cap
$206.65 million
Optionable
Not Optionable
Beta
-0.73

Key Executives

  • Dr. Alan E. Baratz Ph.D. (Age 68)
    CEO & Director
    Comp: $595.33k
  • Mr. John M. Markovich (Age 66)
    Chief Financial Officer
    Comp: $354.35k
  • Mr. Eric Ladizinsky
    Co-Founder & Chief Scientist
  • Ms. Diane Nguyen
    VP of Legal
  • Ms. Michelle Maggs
    VP of Corp. Marketing
  • Ms. Victoria Brydon (Age 49)
    Sr. VP of People & Operational Excellence
  • Dr. Mohammad H. S. Amin
    Principal Scientist
  • Dr. Mark W. Johnson
    Sr. VP of Quantum Technologies & Systems Products
  • Ms. Michele Macready
    Sr. VP of Software, Algorithms, Cloud & Professional Services
  • Mr. Mark Snedeker
    Sr. VP of Growth













QBTS Stock - Frequently Asked Questions

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

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for D-Wave Quantum in the last year. There are currently 5 buy ratings for the stock. The consensus among Wall Street 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 forecast for 2023?

5 brokerages have issued twelve-month target prices for D-Wave Quantum's stock. Their QBTS share price forecasts range from $2.00 to $10.00. On average, they expect the company's share price to reach $5.00 in the next year. This suggests a possible upside of 207.7% 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 2023?

D-Wave Quantum's stock was trading at $1.44 at the beginning of 2023. Since then, QBTS shares have increased by 12.8% and is now trading at $1.6250.
View the best growth stocks for 2023 here
.

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

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 15th 2023.
View our QBTS earnings forecast
.

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

D-Wave Quantum Inc. (NYSE:QBTS) posted its earnings results on Friday, April, 14th. The company reported ($0.12) EPS for the quarter. The firm earned $2.40 million during the quarter.

What guidance has D-Wave Quantum issued on next quarter's earnings?

D-Wave Quantum issued an update on its FY 2023 earnings guidance on Monday, April, 17th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $12.00 million-$13.00 million, compared to the consensus revenue estimate of $17.50 million.

What is D-Wave Quantum's stock symbol?

D-Wave Quantum trades on the New York Stock Exchange (NYSE) under the ticker symbol "QBTS."

Who are D-Wave Quantum's major shareholders?

D-Wave Quantum's stock is owned by many different retail and institutional investors. Top institutional shareholders include Geode Capital Management LLC (0.26%), B. Riley Wealth Advisors Inc. (0.12%), State Street Corp (0.11%), CIBC Private Wealth Group LLC (0.08%), Renaissance Technologies LLC (0.06%) and Susquehanna International Group LLP (0.00%).
View institutional ownership trends
.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is D-Wave Quantum's stock price today?

One share of QBTS stock can currently be purchased for approximately $1.63.

How much money does D-Wave Quantum make?

D-Wave Quantum (NYSE:QBTS) has a market capitalization of $206.65 million and generates $7.17 million in revenue each year. The company earns $-51,530,000.00 in net income (profit) each year or ($0.55) on an earnings per share basis.

How can I contact D-Wave Quantum?

D-Wave Quantum's mailing address is 382 NE 191 STREET SUITE 24148, MIAMI FL, 33179. The official website for the company is www.dwavesys.com. The company can be reached via phone at 604-630-1428 or via email at info@dpcmcapital.com.

This page (NYSE:QBTS) was last updated on 6/5/2023 by MarketBeat.com Staff

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