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: -0.23
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

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 5 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According 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 Coverage
D-Wave Quantum has only been the subject of 2 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
1.99% 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 0.6, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month

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.

2.1

News and Social Media Coverage

News Sentiment
D-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 Week
MarketBeat has tracked 2 news articles for D-Wave Quantum this week, compared to 1 article on an average week.
Search Interest
26 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 Follows
14 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.

0.8

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
Only 10.36% of the stock of D-Wave Quantum is held by institutions.

0.0

Earnings and Valuation

Earnings Growth
Earnings 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 Market
The 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. Sector
The 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.

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; 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

June 5, 2023 | americanbankingnews.com

Financial Survey: D-Wave Quantum (QBTS) versus Its Peers

June 1, 2023 | msn.com

Why D-Wave Shares Are Surging Today

June 5, 2023 | Edge On The Street (Ad)

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.

May 25, 2023 | msn.com

D-Wave Quantum's Return On Capital Employed Insights

May 24, 2023 | finance.yahoo.com

D-Wave Quantum Welcomes Government Officials, Announces Quantum Training Program

May 23, 2023 | msn.com

Benchmark Reiterates D-Wave Quantum (QBTS) Buy Recommendation

May 22, 2023 | markets.businessinsider.com

Benchmark Co. Remains a Buy on D-Wave Quantum (QBTS)

May 22, 2023 | seekingalpha.com

D-Wave Quantum Inc. (QBTS) Q1 2023 Earnings Call Transcript

June 5, 2023 | Edge On The Street (Ad)

Investor Alert: EV Initiatives Create Unsustainable Demand For Lithium

May 19, 2023 | finance.yahoo.com

B.C. Premier David Eby Celebrates World-Leading B.C. Tech Innovation at D-Wave

May 19, 2023 | finance.yahoo.com

D-Wave Reports First Quarter Results

May 16, 2023 | finance.yahoo.com

D-Wave Quantum Schedules Release of Q1 2023 Results, Earnings Call

May 11, 2023 | finance.yahoo.com

D-Wave Quantum Inc. Announces Date for First Quarter 2023 Earnings Call

May 11, 2023 | finance.yahoo.com

D-Wave Quantum to Participate at Needham Technology & Media Conference

May 8, 2023 | finance.yahoo.com

D-Wave to Participate in 18th Annual Needham Technology & Media Conference

April 28, 2023 | americanbankingnews.com

Contrasting Workday (NASDAQ:WDAY) & D-Wave Quantum (NYSE:QBTS)

April 27, 2023 | theglobeandmail.com

Strings attached to D-Wave’s US$50-million PSP loan include giving IP rights, finding new money: filing

April 27, 2023 | finance.yahoo.com

D-Wave Successfully Completes SOC 2 Audit

April 21, 2023 | finance.yahoo.com

D-Wave Quantum Publishes Research on Quantum Annealing's Performance

April 19, 2023 | finance.yahoo.com

D-Wave Demonstrates First-Ever Coherent Quantum Spin Glass Dynamics on More than 5,000 Qubits

April 19, 2023 | americanbankingnews.com

D-Wave Quantum (NYSE:QBTS) PT Lowered to $2.00

April 19, 2023 | americanbankingnews.com

D-Wave Quantum (NYSE:QBTS) Price Target Cut to $2.00 by Analysts at Roth Mkm

April 18, 2023 | msn.com

Roth MKM Maintains D-Wave Quantum (QBTS) Buy Recommendation

April 17, 2023 | msn.com

Benchmark Maintains D-Wave Quantum (QBTS) Buy Recommendation

April 17, 2023 | markets.businessinsider.com

Expert Ratings for D-Wave Quantum

April 16, 2023 | finance.yahoo.com

Insiders who purchased this year lose US$51k as D-Wave Quantum Inc. (NYSE:QBTS) stock drops to US$0.50

April 15, 2023 | marketwatch.com

InvestorNewsBreaks - D-Wave Quantum Inc. (NYSE: QBTS) Announces Q4 and Year-End 2022 Results

See More Headlines

QBTS Price History

30 days | 90 days | 365 days | Advanced Chart

QBTS Company Calendar

Last Earnings: 4/14/2023
Today: 6/05/2023
Next Earnings (Estimated): 8/15/2023
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: 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

EPS (Most Recent Fiscal Year): ($0.55)
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: -915.96%
Pretax Margin: -915.39%
Return on Equity: N/A
Return on Assets: -68.12%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 0.82
Quick Ratio: 0.70

Sales & Book Value

Annual Sales: $7.17 million
Price / Sales: 28.82
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: ($0.05) per share
Price / Book: -32.50

Miscellaneous

Outstanding Shares: 127,170,000
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

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?: 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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