Should I buy or sell D-Wave Quantum stock right now?

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for D-Wave Quantum in the last twelve months. There are currently 3 buy ratings for the stock. The consensus among Wall Street research 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 target for 2024?

3 analysts have issued 1 year price targets for D-Wave Quantum's stock. Their QBTS share price targets range from $2.00 to $2.00. On average, they predict the company's stock price to reach $2.00 in the next twelve months. This suggests that the stock has a possible downside of 7.8%. View analysts price targets for QBTS or view top-rated stocks among Wall Street analysts .

How have QBTS shares performed in 2024?

D-Wave Quantum's stock was trading at $0.8801 at the beginning of 2024. Since then, QBTS stock has increased by 146.6% and is now trading at $2.17. View the best growth stocks for 2024 here .

Are investors shorting D-Wave Quantum?

D-Wave Quantum saw a increase in short interest during the month of February. As of February 29th, there was short interest totaling 9,190,000 shares, an increase of 45.9% from the February 14th total of 6,300,000 shares. Based on an average daily trading volume, of 3,380,000 shares, the short-interest ratio is currently 2.7 days. Currently, 9.1% of the company's 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 Friday, April 12th 2024. View our QBTS earnings forecast .

Who are D-Wave Quantum's major shareholders?

D-Wave Quantum's stock is owned by a variety of retail and institutional investors. Top institutional investors include CIBC Private Wealth Group LLC (0.84%), Vanguard Group Inc. (0.57%), Vanguard Group Inc. (0.57%), Baader Bank Aktiengesellschaft (0.05%), Procyon Advisors LLC (0.05%) and Virtu Financial LLC (0.02%). Insiders that own company stock include Diane Nguyen, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NYSE:QBTS

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

$2.17

-0.04 (-1.81%)

(As of 03/13/2024 ET)

Compare

Today's Range: $2.08
▼
$2.44
50-Day Range: $0.69
▼
$2.19
52-Week Range: $0.40
▼
$3.20

Volume: 9.65 million shs
Average Volume: 4.20 million shs
Market Capitalization: $347.05 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $2.00

Get D-Wave Quantum alerts:

D-Wave Quantum MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 7.8% Downside
$2.00 Price Target
Short Interest: Bearish
9.09% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.27
Based on 7 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

0.40 out of 5 stars

Computer And Technology Sector

566th out of 591 stocks

Data Processing & Preparation Industry

53rd out of 57 stocks

1.5

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 $2.00, D-Wave Quantum has a forecasted downside of 7.8% from its current price of $2.17.
Amount of Analyst Coverage
D-Wave Quantum has only been the subject of 1 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
9.09% 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 2.7, 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 45.87%, indicating that investor sentiment is decreasing 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.

2.9

News and Social Media Coverage

News Sentiment
D-Wave Quantum has a news sentiment score of 0.27. 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 0.55 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 7 news articles for D-Wave Quantum this week, compared to 3 articles on an average week.
Search Interest
52 people have searched for QBTS on MarketBeat in the last 30 days. This is an increase of 174% compared to the previous 30 days.
MarketBeat Follows
22 people have added D-Wave Quantum to their MarketBeat watchlist in the last 30 days. This is an increase of 633% 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 remain at ($0.56) per share in the coming year.
Price to Earnings Ratio vs. the Market
The P/E ratio of D-Wave Quantum is -3.39, 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 -3.39, 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 Stock (NYSE:QBTS)

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 Stock Price History

30 days | 90 days | 365 days | Advanced Chart

QBTS Stock News Headlines

March 13, 2024 | theglobeandmail.com

ChatGPT Lists D-Wave (NYSE: QBTS) as One of Three Quantum Computing Stocks with 10x Potential

March 12, 2024 | benzinga.com

(QBTS) - Analyzing D-Wave Quantum's Short Interest

March 13, 2024 | Edge On The Street (Ad)

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March 11, 2024 | prnewswire.com

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of D-Wave Quantum Inc. - QBTS

March 9, 2024 | investorplace.com

3 Quantum Stocks Primed for the Qubit Breakthrough

March 8, 2024 | seekingalpha.com

D-Wave: Aiming To Leverage Zapata's Industrial Generative AI

March 6, 2024 | finance.yahoo.com

D-Wave Quantum Inc. to Participate in 36th Annual Roth Conference

March 6, 2024 | investorplace.com

The Top 3 Quantum Computing Stocks to Buy in March 2024

March 13, 2024 | Edge On The Street (Ad)

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March 5, 2024 | businesswire.com

D-Wave Launches New Go-To-Market Growth Strategy to Rapidly Accelerate Quantum Adoption

March 4, 2024 | finance.yahoo.com

D-Wave Regains Compliance with NYSE Continued Listing Standards

March 3, 2024 | prnewswire.com

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of D-Wave Quantum Inc. - QBTS

February 27, 2024 | investorplace.com

3 Millionaire-Maker Quantum Computing Stocks to Buy in February 2024

February 27, 2024 | finance.yahoo.com

With 52% ownership of the shares, D-Wave Quantum Inc. (NYSE:QBTS) is heavily dominated by institutional owners

February 27, 2024 | finance.yahoo.com

Building a Quantum-Ready Workforce: D-Wave Launches Starter Course to Bridge Critical Skills Gap

February 27, 2024 | businesswire.com

Building a Quantum-Ready Workforce: D-Wave Launches Starter Course to Bridge Critical Skills Gap

February 25, 2024 | markets.businessinsider.com

ROSEN, NATIONAL TRIAL LAWYERS, Encourages D-Wave Quantum Inc. Investors to Inquire About Securities Class Action Investigation - QBTS

February 24, 2024 | prnewswire.com

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of D-Wave Quantum Inc. - QBTS

February 23, 2024 | prnewswire.com

NATIONALLY RANKED ROSEN LAW FIRM Encourages D-Wave Quantum Inc. Investors to Inquire About Securities Class Action Investigation - QBTS

February 23, 2024 | investorplace.com

Wall Street Favorites: 3 Quantum Computing Stocks with Strong Buy Ratings for February 2024

February 20, 2024 | investorplace.com

3 Quantum Computing Stocks That Could Be Multibaggers in the Making: February Edition

February 19, 2024 | markets.businessinsider.com

TOP RANKED ROSEN LAW FIRM Encourages D-Wave Quantum Inc. Investors to Inquire About Securities Class Action Investigation - QBTS

February 19, 2024 | finance.yahoo.com

NEC and D-Wave Introduce New Quantum Offerings to Australian Market

February 19, 2024 | businesswire.com

NEC and D-Wave Introduce New Quantum Offerings to Australian Market

February 16, 2024 | investorplace.com

3 High-Potential Quantum Computing Stocks With Huge Upside

February 16, 2024 | investorplace.com

The 3 Best Quantum Computing Stocks to Buy in February 2024

February 15, 2024 | prnewswire.com

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of D-Wave Quantum Inc. - QBTS

See More Headlines

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Company Calendar

Today: 3/13/2024
Next Earnings (Estimated): 4/12/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Computer and Technology
Industry: Data processing & preparation
Sub-Industry: N/A
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 Target: $2.00
High Stock Price Target: $2.00
Low Stock Price Target: $2.00
Potential Upside/Downside: -7.6%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.64)
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: -970.00%
Pretax Margin: -964.56%
Return on Equity: N/A
Return on Assets: -192.05%

Debt

Debt-to-Equity Ratio: 1.04
Current Ratio: 1.34
Quick Ratio: 1.29

Sales & Book Value

Annual Sales: $7.17 million
Price / Sales: 48.29
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: ($0.05) per share
Price / Book: -43.30

Miscellaneous

Outstanding Shares: 159,930,000
Free Float: 138,977,000
Market Cap: $346.25 million
Optionable: Optionable
Beta: 0.88

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Key Executives

Dr. Alan E. Baratz Ph.D. (Age 69)
President, CEO & Director
Comp: $766.35k
Mr. John M. Markovich (Age 67)
Chief Financial Officer
Comp: $494.05k
Mr. Eric Ladizinsky
Co-Founder and Fellow
Ms. Diane Nguyen
General Counsel
Ms. Michelle Maggs
Vice President of Corporate Marketing
Dr. Mark W. Johnson
Senior Vice President of Quantum Technologies & Systems Products
Mr. Trevor Lanting
Senior Vice President of Software, Algorithms & Cloud Services

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

QBTS Stock Analysis - Frequently Asked Questions

Should I buy or sell D-Wave Quantum stock right now?: 3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for D-Wave Quantum in the last twelve months. There are currently 3 buy ratings for the stock. The consensus among Wall Street research 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 target for 2024?: 3 analysts have issued 1 year price targets for D-Wave Quantum's stock. Their QBTS share price targets range from $2.00 to $2.00. On average, they predict the company's stock price to reach $2.00 in the next twelve months. This suggests that the stock has a possible downside of 7.8%.
View analysts price targets for QBTS or view top-rated stocks among Wall Street analysts.
How have QBTS shares performed in 2024?: D-Wave Quantum's stock was trading at $0.8801 at the beginning of 2024. Since then, QBTS stock has increased by 146.6% and is now trading at $2.17.
View the best growth stocks for 2024 here.
Are investors shorting D-Wave Quantum?: D-Wave Quantum saw a increase in short interest during the month of February. As of February 29th, there was short interest totaling 9,190,000 shares, an increase of 45.9% from the February 14th total of 6,300,000 shares. Based on an average daily trading volume, of 3,380,000 shares, the short-interest ratio is currently 2.7 days. Currently, 9.1% of the company's 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 Friday, April 12th 2024.
View our QBTS earnings forecast.
Who are D-Wave Quantum's major shareholders?: D-Wave Quantum's stock is owned by a variety of retail and institutional investors. Top institutional investors include CIBC Private Wealth Group LLC (0.84%), Vanguard Group Inc. (0.57%), Vanguard Group Inc. (0.57%), Baader Bank Aktiengesellschaft (0.05%), Procyon Advisors LLC (0.05%) and Virtu Financial LLC (0.02%). Insiders that own company stock include Diane Nguyen, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:QBTS) was last updated on 3/13/2024 by MarketBeat.com Staff

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

D-Wave Quantum MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About D-Wave Quantum Stock (NYSE:QBTS)

QBTS Stock Price History

QBTS Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

QBTS Stock Analysis - Frequently Asked Questions

Overall MarketRank^™