D-Wave Quantum Inc. (NYSE:QBTS – Get Free Report) Director Rohit Ghai sold 13,518 shares of the stock in a transaction on Monday, June 15th. The stock was sold at an average price of $26.41, for a total transaction of $357,010.38. Following the transaction, the director directly owned 23,617 shares in the company, valued at $623,724.97. The trade was a 36.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
D-Wave Quantum Trading Down 9.0%
D-Wave Quantum stock opened at $23.91 on Wednesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 21.41 and a quick ratio of 21.31. The company has a market capitalization of $8.84 billion, a price-to-earnings ratio of -21.16 and a beta of 2.05. D-Wave Quantum Inc. has a one year low of $12.75 and a one year high of $46.75. The company’s fifty day moving average price is $22.14 and its two-hundred day moving average price is $22.30.
D-Wave Quantum (NYSE:QBTS – Get Free Report) last released its earnings results on Tuesday, May 12th. The company reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.03. The firm had revenue of $2.86 million during the quarter, compared to analyst estimates of $4.19 million. D-Wave Quantum had a negative net margin of 2,957.23% and a negative return on equity of 44.06%. The business’s revenue was down 80.9% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.02) EPS. On average, analysts forecast that D-Wave Quantum Inc. will post -0.43 earnings per share for the current fiscal year.
Institutional Investors Weigh In On D-Wave Quantum
Analyst Upgrades and Downgrades
Several equities research analysts have recently issued reports on the company. Stifel Nicolaus set a $35.00 price target on D-Wave Quantum in a research report on Tuesday, June 2nd. Northland Securities assumed coverage on D-Wave Quantum in a research report on Monday, April 20th. They issued a “market perform” rating and a $22.00 price target on the stock. Mizuho raised their price target on D-Wave Quantum from $29.00 to $35.00 and gave the company an “outperform” rating in a research report on Monday. Jefferies Financial Group reaffirmed a “buy” rating on shares of D-Wave Quantum in a research report on Tuesday, May 12th. Finally, Canaccord Genuity Group lowered their price target on D-Wave Quantum from $43.00 to $41.00 and set a “buy” rating on the stock in a research report on Wednesday, May 13th. Fourteen investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $36.80.
View Our Latest Stock Report on D-Wave Quantum
More D-Wave Quantum News
Here are the key news stories impacting D-Wave Quantum this week:
- Positive Sentiment: D-Wave’s recent gate-model roadmap and analyst-day progress helped reinforce the long-term growth story, and Mizuho reportedly raised its price target after that event, signaling continued optimism about the company’s quantum-computing strategy. Article Title
- Positive Sentiment: Some market commentary framed QBTS as a leading pure-play quantum stock, with bullish technical analysis suggesting the recent breakout may still have room to run. Article Title
- Positive Sentiment: Monday’s rally in quantum-computing stocks reflected broad risk-on sentiment and renewed investor enthusiasm for the sector, which had supported QBTS earlier in the week. Article Title
- Neutral Sentiment: Coverage comparing D-Wave to “the NVIDIA of quantum computing” highlights strong growth potential, but also underscores that the stock’s valuation leaves little room for execution missteps. Article Title
- Neutral Sentiment: Analysts and industry commentary continue to debate whether D-Wave can hold its own against larger and faster-growing rivals, keeping attention on competitive positioning rather than near-term fundamentals. Article Title
- Negative Sentiment: Shares of D-Wave and other quantum names reversed much of Monday’s sharp rally on Tuesday, suggesting traders were taking profits after the recent surge. Article Title
- Negative Sentiment: New SEC filings showed CFO John M. Markovich and director Rohit Ghai sold shares, which may raise investor questions even though the filings say the sales were tied to taxes and a 10b5-1 plan. Article Title
D-Wave Quantum Company Profile
D-Wave Quantum Inc (NYSE: QBTS) develops and provides quantum computing systems, software and services focused on quantum annealing technology. Headquartered in Burnaby, British Columbia, D-Wave designs specialized processors that leverage quantum mechanics to solve complex optimization and sampling problems. Since its founding in 1999 by physicists including Geordie Rose, the company has pursued the development of commercially viable quantum hardware and accompanying software tools.
The company’s product portfolio centers on its quantum annealers, which are complemented by hybrid solvers that integrate classical and quantum computing resources.
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