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

D-Wave Quantum logo
$7.95 -0.20 (-2.45%)
(As of 05:19 PM ET)

About D-Wave Quantum Stock (NYSE:QBTS)

Key Stats

Today's Range
$7.66
$8.55
50-Day Range
$0.99
$8.96
52-Week Range
$0.68
$10.50
Volume
51.47 million shs
Average Volume
11.79 million shs
Market Capitalization
$1.78 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$5.63
Consensus Rating
Buy

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.

D-Wave Quantum Stock Analysis - MarketRank™

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32nd Percentile Overall Score

QBTS MarketRank™: 

D-Wave Quantum scored higher than 32% of companies evaluated by MarketBeat, and ranked 502nd out of 655 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • 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.

  • Read more about D-Wave Quantum's stock forecast and price target.
  • 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 -18.93, 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 -18.93, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • 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 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.

  • 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 Sentiment

    D-Wave Quantum has a news sentiment score of 0.49. 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 31 news articles for D-Wave Quantum this week, compared to 5 articles on an average week.
  • Search Interest

    224 people have searched for QBTS on MarketBeat in the last 30 days. This is an increase of 331% compared to the previous 30 days.
  • MarketBeat Follows

    238 people have added D-Wave Quantum to their MarketBeat watchlist in the last 30 days. This is an increase of 1,090% compared to the previous 30 days.
  • 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 $45,337,894.00 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.

  • Read more about D-Wave Quantum's insider trading history.
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QBTS Stock News Headlines

Cyborg hand holding Quantum computing concept with qubit and dev — Photo
Qubit Combat: 2 Stocks Battle for Quantum Supremacy (QBTS)
Two companies lead the quantum computing revolution, showcasing distinct technologies and impressive stock market performance.
Mysterious drone activity triggers massive 1,366% surge
If mysterious drones buzzing over the East Coast weren’t on your radar this year, you’re not alone. But here’s what you really need to know: An early warning signal tipped off investors to a tiny drone stock that later skyrocketed 1,366%.
D-Wave Quantum Logo visible on smartphone screen with website page — Stock Editorial Photography
Quantum Computing Stocks Are on Fire: 3 Stocks to Watch (QBTS)
Quantum computing stocks are surging, with some gaining well above 200% YTD, driven by advancements, partnerships, and growing investor interest.
Quantum computing concept. Circuit and qubits in background. 3D rendered illustration. — Photo
2 Cheap Quantum Computing Stocks to Buy Instead of Chasing IonQ (QBTS)
Quantum computing is causing rumblings in the stock market, as evidenced by the interest in stocks like IonQ Inc. (NYSE: IONQ), which have surged 156% year-to-
D-Wave Quantum (NYSE:QBTS) Shares Gap Up Following Analyst Upgrade
D-Wave Quantum files $125M mixed securities shelf
D-Wave Quantum rises 21.8%
See More Headlines

QBTS Stock Analysis - Frequently Asked Questions

D-Wave Quantum's stock was trading at $0.8801 on January 1st, 2024. Since then, QBTS shares have increased by 803.3% and is now trading at $7.95.
View the best growth stocks for 2024 here
.

Top institutional shareholders 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 Emil Michael, Victoria Brydon, Diane Nguyen, Steven M West and Sector Pension Investme Public.
View institutional ownership trends
.

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.

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
12/24/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Data processing & preparation
Sub-Industry
Business Services
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
-30.0%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
6 Analysts

Profitability

Net Income
$-82,710,000.00
Net Margins
-783.28%
Pretax Margin
-783.28%

Debt

Sales & Book Value

Annual Sales
$9.42 million
Book Value
($0.15) per share

Miscellaneous

Free Float
207,841,000
Market Cap
$1.80 billion
Optionable
Optionable
Beta
1.79
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This page (NYSE:QBTS) was last updated on 12/24/2024 by MarketBeat.com Staff
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