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

D-Wave Quantum (NYSE:QBTS) will 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. Individual interested in participating in the company’s earnings conference call can do so using this link.

D-Wave Quantum Price Performance

QBTS stock opened at $1.54 on Wednesday. The stock has a market capitalization of $309.19 million, a P/E ratio of -3.79 and a beta of 0.96. D-Wave Quantum has a 1-year low of $0.68 and a 1-year high of $2.44. The business has a fifty day moving average price of $1.04 and a 200-day moving average price of $1.11.

Wall Street Analyst Weigh In

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

D-Wave Quantum Company Profile

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.