NYSE:QBTS D-Wave Quantum (QBTS) Stock Forecast, Price & News $0.95 +0.03 (+3.25%) (As of 09/21/2023 ET) Add Compare Share Share Today's Range$0.87▼$0.9750-Day Range$0.91▼$2.9152-Week Range$0.40▼$8.30Volume2.65 million shsAverage Volume3.12 million shsMarket Capitalization$138.80 millionP/E RatioN/ADividend YieldN/APrice Target$5.50 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media D-Wave Quantum MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside554.9% Upside$6.25 Price TargetShort InterestHealthy2.13% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.67Based on 6 Articles This WeekInsider TradingN/AProj. Earnings GrowthDecreasingFrom ($0.56) to ($0.57) Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.26 out of 5 starsComputer And Technology Sector306th out of 594 stocksData Processing & Preparation Industry30th out of 62 stocks 3.5 Analyst's Opinion Consensus RatingD-Wave Quantum has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $6.25, D-Wave Quantum has a forecasted upside of 554.9% from its current price of $0.95.Amount of Analyst CoverageD-Wave Quantum has only been the subject of 2 research reports in the past 90 days. Previous Next 5.0 Short Interest Percentage of Shares Shorted2.13% of the float of D-Wave Quantum has been sold short.Short Interest Ratio / Days to CoverD-Wave Quantum has a short interest ratio ("days to cover") of 0.3, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in D-Wave Quantum has recently decreased by 24.36%, indicating that investor sentiment is improving significantly. Previous Next 0.0 Dividend Strength Dividend YieldD-Wave Quantum does not currently pay a dividend.Dividend GrowthD-Wave Quantum does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for QBTS. Previous Next 3.2 News and Social Media Coverage News SentimentD-Wave Quantum has a news sentiment score of 0.67. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.57 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 6 news articles for D-Wave Quantum this week, compared to 2 articles on an average week.Search InterestOnly 7 people have searched for QBTS on MarketBeat in the last 30 days. This is a decrease of -79% compared to the previous 30 days.MarketBeat Follows16 people have added D-Wave Quantum to their MarketBeat watchlist in the last 30 days. This is an increase of 23% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, D-Wave Quantum insiders have not sold or bought any company stock.Percentage Held by Insiders13.10% of the stock of D-Wave Quantum is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by Institutions49.41% of the stock of D-Wave Quantum is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 0.0 Earnings and Valuation Earnings GrowthEarnings for D-Wave Quantum are expected to decrease in the coming year, from ($0.56) to ($0.57) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of D-Wave Quantum is -1.51, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of D-Wave Quantum is -1.51, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Previous Next See Top Rated MarketRank™ Stocks Here About D-Wave Quantum (NYSE:QBTS) StockD-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.Read More QBTS Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart QBTS Stock News HeadlinesSeptember 20, 2023 | finance.yahoo.comWith 55% ownership, D-Wave Quantum Inc. (NYSE:QBTS) boasts of strong institutional backingSeptember 19, 2023 | msn.comD-Wave Quantum Inc. (QBTS) Dips More Than Broader Markets: What You Should KnowSeptember 22, 2023 | Edge On The Street (Ad)The Strategic Gold Play You Haven't Heard AboutExperts recommend adding gold to your portfolio, but in what form? Some savvy investors are now rejecting coins and mining stocks in favor of a unique gold investment alternative. It holds explosive growth potential similar to a junior gold stock -- but with less risk exposure. September 15, 2023 | theglobeandmail.comD-Wave Quantum (NYSE: QBTS) CEO Spotlighted in Recent ‘Bloomberg Technology’ SegmentSeptember 15, 2023 | finance.yahoo.comD-Wave Quantum CEO Spotlighted in Recent 'Bloomberg Technology' SegmentSeptember 15, 2023 | finance.yahoo.comD-Wave Quantum Delivers Power of Quantum to Solve Business Optimization ProblemsSeptember 14, 2023 | theglobeandmail.comD-Wave Quantum (NYSE: QBTS) Delivers Power of Quantum to Solve Business Optimization ProblemsSeptember 13, 2023 | finance.yahoo.comD-Wave Demonstrates State-of-the-Art Coherence Results with Fluxonium QubitsSeptember 22, 2023 | Edge On The Street (Ad)The Strategic Gold Play You Haven't Heard AboutExperts recommend adding gold to your portfolio, but in what form? Some savvy investors are now rejecting coins and mining stocks in favor of a unique gold investment alternative. It holds explosive growth potential similar to a junior gold stock -- but with less risk exposure. September 8, 2023 | finance.yahoo.comD-Wave Quantum Featured in The New Stack Article Discussing Potential Impact of Quantum Computing on AISeptember 1, 2023 | finance.yahoo.comD-Wave Quantum One of Three Quantum Stocks Featured in InvestorPlace ArticleAugust 31, 2023 | msn.comD-Wave Quantum (QBTS) Price Target Increased by 14.89% to 5.51August 25, 2023 | finance.yahoo.comD-Wave Quantum Inc. (QBTS)August 24, 2023 | finance.yahoo.comD-Wave Quantum Announces Updates to Quantum Hybrid SolverAugust 23, 2023 | theglobeandmail.comD-Wave Quantum (NYSE: QBTS) Announces Updates to Quantum Hybrid SolverAugust 23, 2023 | finance.yahoo.comD-Wave Quantum, Davidson Technologies Collaborate to Advance Intelligent Solutions for Defense and AerospaceAugust 22, 2023 | theglobeandmail.comD-Wave Quantum (NYSE: QBTS), Davidson Technologies Collaborate to Advance Intelligent Solutions for Defense and AerospaceAugust 22, 2023 | finance.yahoo.comD-Wave Announces Increased Performance of Newest Quantum Hybrid Solver Available in the Leap Real-Time Quantum Cloud ServiceAugust 18, 2023 | finance.yahoo.comD-Wave Quantum and Davidson Technologies Collaborate to Advance National Defense EffortsAugust 15, 2023 | markets.businessinsider.comD-Wave's Q2 Results Highlight Robust Growth, Promising Quantum Computing TrajectoryAugust 15, 2023 | markets.businessinsider.comD-Wave Quantum (QBTS) Gets a Buy from Benchmark Co.August 15, 2023 | finance.yahoo.comD-Wave Quantum Releases Q2 Financial Highlights, Business UpdatesAugust 14, 2023 | theglobeandmail.comD-Wave Quantum (NYSE: QBTS) Releases Q2 Financial Highlights, Business UpdatesAugust 13, 2023 | insidermonkey.comD-Wave Quantum Inc. (NYSE:QBTS) Q2 2023 Earnings Call TranscriptAugust 11, 2023 | msn.comD-Wave Quantum Inc. (QBTS) Reports Q2 Loss, Misses Revenue EstimatesAugust 10, 2023 | finance.yahoo.comInvestors are selling off D-Wave Quantum (NYSE:QBTS), lack of profits no doubt contribute to shareholders one-year lossAugust 10, 2023 | finance.yahoo.comD-Wave Reports Second Quarter ResultsSee More Headlines Receive QBTS Stock News and Ratings via Email Sign-up to receive the latest news and ratings for D-Wave Quantum and its competitors with MarketBeat's FREE daily newsletter. Email Address QBTS Company Calendar Last Earnings8/10/2023Today9/21/2023Next Earnings (Estimated)11/09/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Data processing & preparation Sub-IndustryN/A SectorComputer and Technology Current SymbolNYSE:QBTS CUSIPN/A CIK1907982 Webwww.dwavesys.com Phone604-630-1428FaxN/AEmployees215Year FoundedN/APrice Target and Rating Average Stock Price Forecast$6.25 High Stock Price Forecast$10.00 Low Stock Price Forecast$4.00 Forecasted Upside/Downside+476.3%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)($0.63) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-51,530,000.00 Net Margins-1,046.34% Pretax Margin-1,043.75% Return on EquityN/A Return on Assets-250.32% Debt Debt-to-Equity RatioN/A Current Ratio0.38 Quick Ratio0.31 Sales & Book Value Annual Sales$7.38 million Price / Sales18.81 Cash FlowN/A Price / Cash FlowN/A Book Value($0.05) per share Price / Book-19.09Miscellaneous Outstanding Shares145,453,000Free Float126,399,000Market Cap$138.81 million OptionableNot Optionable Beta-0.03 20 Stocks to Sell NowMarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio? Find out by clicking the link below.Get This Free Report Key ExecutivesDr. Alan E. Baratz Ph.D. (Age 68)Pres, CEO & Director Comp: $766.35kMr. John M. Markovich (Age 66)Chief Financial Officer Comp: $494.05kMs. Victoria Brydon (Age 48)Chief People Officer Comp: $252.52kMr. Eric LadizinskyCo-Founder & Chief ScientistMs. Diane NguyenGen. CounselMs. Michelle MaggsVP of Corp. MarketingDr. Mark W. JohnsonSr. VP of Quantum Technologies & Systems ProductsMore ExecutivesKey CompetitorsBrightcoveNASDAQ:BCOVPark City GroupNASDAQ:PCYGInnodataNASDAQ:INODTucowsNASDAQ:TCXLiberty TripAdvisorNASDAQ:LTRPAView All CompetitorsInsiders & InstitutionsCitadel Advisors LLCBought 24,900 shares on 8/15/2023Ownership: 0.000%Walleye Capital LLCSold 75,500 shares on 8/15/2023Ownership: 0.000%State Street CorpBought 44,100 shares on 8/14/2023Ownership: 0.141%Two Sigma Securities LLCBought 93,268 shares on 8/14/2023Ownership: 0.073%Tower Research Capital LLC TRC Bought 29,272 shares on 8/14/2023Ownership: 0.023%View All Insider TransactionsView All Institutional Transactions QBTS Stock - Frequently Asked Questions Should I buy or sell D-Wave Quantum stock right now? 3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for D-Wave Quantum in the last year. There are currently 3 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? 3 brokerages have issued 1-year price targets for D-Wave Quantum's shares. Their QBTS share price forecasts range from $4.00 to $10.00. On average, they predict the company's share price to reach $6.25 in the next twelve months. This suggests a possible upside of 554.9% 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 on January 1st, 2023. Since then, QBTS stock has decreased by 33.7% and is now trading at $0.9543. View the best growth stocks for 2023 here. Are investors shorting D-Wave Quantum? D-Wave Quantum saw a drop in short interest in the month of August. As of August 31st, there was short interest totaling 1,770,000 shares, a drop of 24.4% from the August 15th total of 2,340,000 shares. Based on an average trading volume of 5,830,000 shares, the short-interest ratio is currently 0.3 days. Currently, 2.1% of the shares of the stock are short sold. 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 Thursday, November 9th 2023. 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, August, 10th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.13) by $0.01. The business had revenue of $1.71 million for the quarter, compared to analysts' expectations of $1.80 million. 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 Thursday, July, 27th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $11.00 million-$13.00 million, compared to the consensus revenue estimate of $12.17 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 a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (0.40%), Geode Capital Management LLC (0.38%), SG Americas Securities LLC (0.27%), Charles Schwab Investment Management Inc. (0.22%), State Street Corp (0.14%) and Two Sigma Securities LLC (0.07%). Insiders that own company stock include Emil Michael, Steven M West and Victoria Brydon. 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 $0.95. How much money does D-Wave Quantum make? D-Wave Quantum (NYSE:QBTS) has a market capitalization of $138.81 million and generates $7.38 million in revenue each year. The company earns $-51,530,000.00 in net income (profit) each year or ($0.63) on an earnings per share basis. How many employees does D-Wave Quantum have? The company employs 215 workers across the globe. 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 9/22/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding D-Wave Quantum Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your 30-Day Free Trial Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Your Password: or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Choose a Password: Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.