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

Company Overview

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.

Key Stats

• Today's Range: $5.60 to $7.88
• 50-Day Range: $0.99 to $8.96
• 52-Week Range: $0.68 to $10.50
• Volume: 123.66 million shs
• Average Volume: 11.26 million shs
• Market Capitalization: $1.44 billion
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $5.63
• Consensus Rating: Buy

D-Wave Quantum Stock Analysis - MarketRank™

D-Wave Quantum scored higher than 32% of companies evaluated by MarketBeat, and ranked 583rd out of 652 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.5 / 5
• Analyst Rating: Buy

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 6 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

D-Wave Quantum has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for D-Wave Quantum are expected to grow in the coming year, from ($0.41) to ($0.38) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of D-Wave Quantum is -15.33, 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 -15.33, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

21.62% 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 1.6, 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 increased by 52.78%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

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.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

21.62% 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 1.6, 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 increased by 52.78%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 3.1 / 5
• News Sentiment: 0.60

News Sentiment

D-Wave Quantum has a news sentiment score of 0.60. 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 news sentiment score is similar to the average news sentiment of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 26 news articles for D-Wave Quantum this week, compared to 5 articles on an average week.

Search Interest

207 people have searched for QBTS on MarketBeat in the last 30 days. This is an increase of 418% compared to the previous 30 days.

MarketBeat Follows

194 people have added D-Wave Quantum to their MarketBeat watchlist in the last 30 days. This is an increase of 1,041% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, D-Wave Quantum insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $38,657,894.00 in company stock.

Percentage Held by Insiders

Only 7.22% of the stock of D-Wave Quantum is held by insiders.

Percentage Held by Institutions

42.47% 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.

QBTS Stock Analysis - Frequently Asked Questions

How have QBTS shares performed this year?

D-Wave Quantum's stock was trading at $0.8801 on January 1st, 2024. Since then, QBTS stock has increased by 631.7% and is now trading at $6.44.
View the best growth stocks for 2024 here.

Who are D-Wave Quantum's major shareholders?

Top institutional investors of D-Wave Quantum include Penserra Capital Management LLC (2.23%), Geode Capital Management LLC (1.27%), State Street Corp (1.00%) and Barclays PLC (0.06%). Insiders that own company stock include Sector Pension Investme Public, Emil Michael, Victoria Brydon, Diane Nguyen and Steven M West.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of D-Wave Quantum own?

Based on aggregate information from My MarketBeat watchlists, some other companies that D-Wave Quantum investors own include Enovix (ENVX), Ginkgo Bioworks (DNA), Rambus (RMBS), Toast (TOST), COMPASS Pathways (CMPS), Globant (GLOB) and Luminar Technologies (LAZR).

Company Calendar

• Today: 12/20/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Computer and Technology
• Industry: Data processing & preparation
• Sub-Industry: Business Services
• Current Symbol: NYSE:QBTS
• CUSIP: N/A
• CIK: 1907982
• Web: www.dwavesys.com
• Phone: 604-630-1428
• Fax: N/A
• Employees: 3
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $5.63
• High Stock Price Target: $9.00
• Low Stock Price Target: $2.25
• Potential Upside/Downside: -12.7%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 6 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.42)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-82,710,000.00
• Net Margins: -783.28%
• Pretax Margin: -783.28%
• Return on Equity: N/A
• Return on Assets: -134.62%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 1.36
• Quick Ratio: 1.28

Sales & Book Value

• Annual Sales: $9.42 million
• Price / Sales: 153.08
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: ($0.15) per share
• Price / Book: -42.93

Miscellaneous

• Outstanding Shares: 224,015,000
• Free Float: 207,841,000
• Market Cap: $1.44 billion
• Optionable: Optionable
• Beta: 1.79