NYSE:QBTS D-Wave Quantum (QBTS) Stock Forecast, Price & News $1.74 +0.21 (+13.73%) (As of 11:52 AM ET) Add Compare Share Share Today's Range$1.42▼$1.7550-Day Range$0.41▼$1.6752-Week Range$0.40▼$13.23Volume3.92 million shsAverage Volume2.94 million shsMarket Capitalization$221.28 millionP/E RatioN/ADividend YieldN/APrice Target$5.00 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media D-Wave Quantum MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside224.7% Upside$5.00 Price TargetShort InterestHealthy1.99% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment-0.23Based on 2 Articles This WeekInsider TradingN/AProj. Earnings GrowthDecreasingFrom ($0.54) to ($0.64) 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.1.83 out of 5 starsComputer And Technology Sector480th out of 606 stocksData Processing & Preparation Industry45th out of 64 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 5 buy ratings, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $5.00, D-Wave Quantum has a forecasted upside of 224.7% from its current price of $1.54.Amount of Analyst CoverageD-Wave Quantum has only been the subject of 2 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted1.99% 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 0.6, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous month 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 2.1 News and Social Media Coverage News SentimentD-Wave Quantum has a news sentiment score of -0.23. 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 lower news sentiment than the 0.51 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 2 news articles for D-Wave Quantum this week, compared to 1 article on an average week.Search Interest26 people have searched for QBTS on MarketBeat in the last 30 days. This is an increase of 8% compared to the previous 30 days.MarketBeat Follows14 people have added D-Wave Quantum to their MarketBeat watchlist in the last 30 days. This is an increase of 180% compared to the previous 30 days. Previous Next 0.8 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 InstitutionsOnly 10.36% of the stock of D-Wave Quantum is held by institutions. Previous Next 0.0 Earnings and Valuation Earnings GrowthEarnings for D-Wave Quantum are expected to decrease in the coming year, from ($0.54) to ($0.64) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of D-Wave Quantum is -2.80, 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 -2.80, 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; 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.Read More 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 Stock News HeadlinesJune 5, 2023 | americanbankingnews.comFinancial Survey: D-Wave Quantum (QBTS) versus Its PeersJune 1, 2023 | msn.comWhy D-Wave Shares Are Surging TodayJune 5, 2023 | Edge On The Street (Ad)Investor Alert: EV Initiatives Create Unsustainable Demand For LithiumThe 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.May 25, 2023 | msn.comD-Wave Quantum's Return On Capital Employed InsightsMay 24, 2023 | finance.yahoo.comD-Wave Quantum Welcomes Government Officials, Announces Quantum Training ProgramMay 23, 2023 | msn.comBenchmark Reiterates D-Wave Quantum (QBTS) Buy RecommendationMay 22, 2023 | markets.businessinsider.comBenchmark Co. Remains a Buy on D-Wave Quantum (QBTS)May 22, 2023 | seekingalpha.comD-Wave Quantum Inc. (QBTS) Q1 2023 Earnings Call TranscriptJune 5, 2023 | Edge On The Street (Ad)Investor Alert: EV Initiatives Create Unsustainable Demand For LithiumThe 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.May 19, 2023 | finance.yahoo.comB.C. Premier David Eby Celebrates World-Leading B.C. Tech Innovation at D-WaveMay 19, 2023 | finance.yahoo.comD-Wave Reports First Quarter ResultsMay 16, 2023 | finance.yahoo.comD-Wave Quantum Schedules Release of Q1 2023 Results, Earnings CallMay 11, 2023 | finance.yahoo.comD-Wave Quantum Inc. Announces Date for First Quarter 2023 Earnings CallMay 11, 2023 | finance.yahoo.comD-Wave Quantum to Participate at Needham Technology & Media ConferenceMay 8, 2023 | finance.yahoo.comD-Wave to Participate in 18th Annual Needham Technology & Media ConferenceApril 28, 2023 | americanbankingnews.comContrasting Workday (NASDAQ:WDAY) & D-Wave Quantum (NYSE:QBTS)April 27, 2023 | theglobeandmail.comStrings attached to D-Wave’s US$50-million PSP loan include giving IP rights, finding new money: filingApril 27, 2023 | finance.yahoo.comD-Wave Successfully Completes SOC 2 AuditApril 21, 2023 | finance.yahoo.comD-Wave Quantum Publishes Research on Quantum Annealing's PerformanceApril 19, 2023 | finance.yahoo.comD-Wave Demonstrates First-Ever Coherent Quantum Spin Glass Dynamics on More than 5,000 QubitsApril 19, 2023 | americanbankingnews.comD-Wave Quantum (NYSE:QBTS) PT Lowered to $2.00April 19, 2023 | americanbankingnews.comD-Wave Quantum (NYSE:QBTS) Price Target Cut to $2.00 by Analysts at Roth MkmApril 18, 2023 | msn.comRoth MKM Maintains D-Wave Quantum (QBTS) Buy RecommendationApril 17, 2023 | msn.comBenchmark Maintains D-Wave Quantum (QBTS) Buy RecommendationApril 17, 2023 | markets.businessinsider.comExpert Ratings for D-Wave QuantumApril 16, 2023 | finance.yahoo.comInsiders who purchased this year lose US$51k as D-Wave Quantum Inc. (NYSE:QBTS) stock drops to US$0.50April 15, 2023 | marketwatch.comInvestorNewsBreaks - D-Wave Quantum Inc. (NYSE: QBTS) Announces Q4 and Year-End 2022 ResultsSee More Headlines QBTS Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart QBTS Company Calendar Last Earnings4/14/2023Today6/05/2023Next Earnings (Estimated)8/15/2023Fiscal 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/AEmployeesN/AYear FoundedN/APrice 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 RatingBuy Rating Score (0-4)3.00 Research Coverage5 Analysts Profitability EPS (Most Recent Fiscal Year)($0.55) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-51,530,000.00 Net Margins-915.96% Pretax Margin-915.39% Return on EquityN/A Return on Assets-68.12% Debt Debt-to-Equity RatioN/A Current Ratio0.82 Quick Ratio0.70 Sales & Book Value Annual Sales$7.17 million Price / Sales28.82 Cash FlowN/A Price / Cash FlowN/A Book Value($0.05) per share Price / Book-32.50Miscellaneous Outstanding Shares127,170,000Free Float110,514,000Market Cap$206.65 million OptionableNot Optionable Beta-0.73 Key ExecutivesDr. Alan E. Baratz Ph.D. (Age 68)CEO & Director Comp: $595.33kMr. John M. Markovich (Age 66)Chief Financial Officer Comp: $354.35kMr. Eric LadizinskyCo-Founder & Chief ScientistMs. Diane NguyenVP of LegalMs. Michelle MaggsVP of Corp. MarketingMs. Victoria Brydon (Age 49)Sr. VP of People & Operational Excellence Dr. Mohammad H. S. AminPrincipal ScientistDr. Mark W. JohnsonSr. VP of Quantum Technologies & Systems ProductsMs. Michele MacreadySr. VP of Software, Algorithms, Cloud & Professional ServicesMr. Mark SnedekerSr. VP of GrowthMore ExecutivesKey CompetitorsBrightcoveNASDAQ:BCOVPark City GroupNASDAQ:PCYGMinority Equality Opportunities AcquisitionNASDAQ:MEOALiveVoxNASDAQ:LVOXPhunwareNASDAQ:PHUNView All CompetitorsInsiders & InstitutionsB. Riley Wealth Advisors Inc.Bought 109,000 shares on 5/17/2023Ownership: 0.121%Geode Capital Management LLCBought 113,543 shares on 5/16/2023Ownership: 0.261%State Street CorpBought 86,600 shares on 5/16/2023Ownership: 0.106%Susquehanna International Group LLPSold 1,100 shares on 5/16/2023Ownership: 0.000%Belvedere Trading LLCSold 300 shares on 5/15/2023Ownership: 0.000%View All Insider TransactionsView All Institutional Transactions 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. 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