D-Wave Quantum (QBTS) to Release Earnings on Thursday

D-Wave Quantum (NYSE:QBTS) is scheduled to post its quarterly earnings results before the market opens on Thursday, November 14th. Analysts expect D-Wave Quantum to post earnings of ($0.09) per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

D-Wave Quantum Stock Performance

NYSE:QBTS opened at $1.54 on Wednesday. The business’s fifty day moving average is $1.04 and its 200 day moving average is $1.11. The firm has a market cap of $309.19 million, a price-to-earnings ratio of -3.79 and a beta of 0.96. D-Wave Quantum has a 52-week low of $0.68 and a 52-week high of $2.44.

Analyst Ratings Changes

QBTS has been the topic of a number of recent analyst reports. B. Riley started coverage on shares of D-Wave Quantum in a report on Thursday, July 25th. They issued a “buy” rating and a $3.00 price target on the stock. Roth Mkm lowered their target price on shares of D-Wave Quantum from $3.00 to $2.00 and set a “buy” rating on the stock in a research note on Tuesday, August 13th. Benchmark reduced their price target on shares of D-Wave Quantum from $4.00 to $3.00 and set a “buy” rating for the company in a research report on Monday, August 12th. Needham & Company LLC lowered their price objective on D-Wave Quantum from $2.50 to $2.25 and set a “buy” rating on the stock in a research report on Friday, August 9th. Finally, Westpark Capital reissued a “buy” rating and set a $3.00 price objective on shares of D-Wave Quantum in a research note on Friday, August 9th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $2.63.

About D-Wave Quantum

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.