NYSE:QBTS

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

$0.95

+0.03 (+3.25%)

(As of 09/21/2023 ET)

Compare

Today's Range: $0.87
▼
$0.97
50-Day Range: $0.91
▼
$2.91
52-Week Range: $0.40
▼
$8.30

Volume: 2.65 million shs
Average Volume: 3.12 million shs
Market Capitalization: $138.80 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $5.50

D-Wave Quantum MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 554.9% Upside
$6.25 Price Target
Short Interest: Healthy
2.13% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.67
Based on 6 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: Decreasing
From ($0.56) to ($0.57) Per Share

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 stars

Computer And Technology Sector

306th out of 594 stocks

Data Processing & Preparation Industry

30th out of 62 stocks

3.5

Analyst's Opinion

Consensus Rating
D-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/Downside
According 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 Coverage
D-Wave Quantum has only been the subject of 2 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
2.13% of the float of D-Wave Quantum has been sold short.
Short Interest Ratio / Days to Cover
D-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 month
Short interest in D-Wave Quantum has recently decreased by 24.36%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
D-Wave Quantum does not currently pay a dividend.
Dividend Growth
D-Wave Quantum does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for QBTS.

3.2

News and Social Media Coverage

News Sentiment
D-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 Week
MarketBeat has tracked 6 news articles for D-Wave Quantum this week, compared to 2 articles on an average week.
Search Interest
Only 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 Follows
16 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.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, D-Wave Quantum insiders have not sold or bought any company stock.
Percentage Held by Insiders
13.10% 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 Institutions
49.41% 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.

0.0

Earnings and Valuation

Earnings Growth
Earnings 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 Market
The 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. Sector
The 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.

See Top Rated MarketRank™ Stocks Here

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; 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 Price History

30 days | 90 days | 365 days | Advanced Chart

QBTS Stock News Headlines

September 20, 2023 | finance.yahoo.com

With 55% ownership, D-Wave Quantum Inc. (NYSE:QBTS) boasts of strong institutional backing

September 19, 2023 | msn.com

D-Wave Quantum Inc. (QBTS) Dips More Than Broader Markets: What You Should Know

September 22, 2023 | Edge On The Street (Ad)

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September 15, 2023 | theglobeandmail.com

D-Wave Quantum (NYSE: QBTS) CEO Spotlighted in Recent ‘Bloomberg Technology’ Segment

September 15, 2023 | finance.yahoo.com

D-Wave Quantum CEO Spotlighted in Recent 'Bloomberg Technology' Segment

September 15, 2023 | finance.yahoo.com

D-Wave Quantum Delivers Power of Quantum to Solve Business Optimization Problems

September 14, 2023 | theglobeandmail.com

D-Wave Quantum (NYSE: QBTS) Delivers Power of Quantum to Solve Business Optimization Problems

September 13, 2023 | finance.yahoo.com

D-Wave Demonstrates State-of-the-Art Coherence Results with Fluxonium Qubits

September 22, 2023 | Edge On The Street (Ad)

The Strategic Gold Play You Haven't Heard About

September 8, 2023 | finance.yahoo.com

D-Wave Quantum Featured in The New Stack Article Discussing Potential Impact of Quantum Computing on AI

September 1, 2023 | finance.yahoo.com

D-Wave Quantum One of Three Quantum Stocks Featured in InvestorPlace Article

August 31, 2023 | msn.com

D-Wave Quantum (QBTS) Price Target Increased by 14.89% to 5.51

August 25, 2023 | finance.yahoo.com

D-Wave Quantum Inc. (QBTS)

August 24, 2023 | finance.yahoo.com

D-Wave Quantum Announces Updates to Quantum Hybrid Solver

August 23, 2023 | theglobeandmail.com

D-Wave Quantum (NYSE: QBTS) Announces Updates to Quantum Hybrid Solver

August 23, 2023 | finance.yahoo.com

D-Wave Quantum, Davidson Technologies Collaborate to Advance Intelligent Solutions for Defense and Aerospace

August 22, 2023 | theglobeandmail.com

D-Wave Quantum (NYSE: QBTS), Davidson Technologies Collaborate to Advance Intelligent Solutions for Defense and Aerospace

August 22, 2023 | finance.yahoo.com

D-Wave Announces Increased Performance of Newest Quantum Hybrid Solver Available in the Leap Real-Time Quantum Cloud Service

August 18, 2023 | finance.yahoo.com

D-Wave Quantum and Davidson Technologies Collaborate to Advance National Defense Efforts

August 15, 2023 | markets.businessinsider.com

D-Wave's Q2 Results Highlight Robust Growth, Promising Quantum Computing Trajectory

August 15, 2023 | markets.businessinsider.com

D-Wave Quantum (QBTS) Gets a Buy from Benchmark Co.

August 15, 2023 | finance.yahoo.com

D-Wave Quantum Releases Q2 Financial Highlights, Business Updates

August 14, 2023 | theglobeandmail.com

D-Wave Quantum (NYSE: QBTS) Releases Q2 Financial Highlights, Business Updates

August 13, 2023 | insidermonkey.com

D-Wave Quantum Inc. (NYSE:QBTS) Q2 2023 Earnings Call Transcript

August 11, 2023 | msn.com

D-Wave Quantum Inc. (QBTS) Reports Q2 Loss, Misses Revenue Estimates

August 10, 2023 | finance.yahoo.com

Investors are selling off D-Wave Quantum (NYSE:QBTS), lack of profits no doubt contribute to shareholders one-year loss

August 10, 2023 | finance.yahoo.com

D-Wave Reports Second Quarter Results

See More Headlines

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QBTS Company Calendar

Last Earnings: 8/10/2023
Today: 9/21/2023
Next Earnings (Estimated): 11/09/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Data processing & preparation
Sub-Industry: N/A
Sector: Computer and Technology
Current Symbol: NYSE:QBTS
CUSIP: N/A
CIK: 1907982
Web: www.dwavesys.com
Phone: 604-630-1428
Fax: N/A
Employees: 215
Year Founded: N/A

Price 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 Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.63)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-51,530,000.00
Net Margins: -1,046.34%
Pretax Margin: -1,043.75%
Return on Equity: N/A
Return on Assets: -250.32%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 0.38
Quick Ratio: 0.31

Sales & Book Value

Annual Sales: $7.38 million
Price / Sales: 18.81
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: ($0.05) per share
Price / Book: -19.09

Miscellaneous

Outstanding Shares: 145,453,000
Free Float: 126,399,000
Market Cap: $138.81 million
Optionable: Not Optionable
Beta: -0.03

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Key Executives

Dr. Alan E. Baratz Ph.D. (Age 68)
Pres, CEO & Director
Comp: $766.35k

Mr. John M. Markovich (Age 66)
Chief Financial Officer
Comp: $494.05k

Ms. Victoria Brydon (Age 48)
Chief People Officer
Comp: $252.52k

Mr. Eric Ladizinsky
Co-Founder & Chief Scientist

Ms. Diane Nguyen
Gen. Counsel

Ms. Michelle Maggs
VP of Corp. Marketing

Dr. Mark W. Johnson
Sr. VP of Quantum Technologies & Systems Products

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View 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

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