QBTS stock icon

D-Wave Quantum
QBTS

$1.09
3.57%
 

About: D-Wave Quantum Inc is engaged in the development and delivery of quantum computing systems, software, and services, and is also a commercial supplier of quantum computers. It delivers customer value with practical quantum applications for problems as diverse as logistics, artificial intelligence, materials sciences, drug discovery, scheduling, cybersecurity, fault detection, and financial modeling. Geographically, it derives the majority of its revenue from the United States.

Employees: 200

0
Funds holding %
of 6,702 funds
0
Analysts bullish %
of 7 analysts
0
News positive %
of 11 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

183% more repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 6

111% more capital invested

Capital invested by funds: $64.9M [Q4 2023] → $137M (+$71.8M) [Q1 2024]

75% more first-time investments, than exits

New positions opened: 21 | Existing positions closed: 12

19% more funds holding

Funds holding: 48 [Q4 2023] → 57 (+9) [Q1 2024]

5.9% less ownership

Funds ownership: 65.0% [Q4 2023] → 59.1% (-5.9%) [Q1 2024]

11% less call options, than puts

Call options by funds: $715K | Put options by funds: $799K

Research analyst outlook

7 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$2
83%
upside
Avg. target
$2.71
149%
upside
High target
$4
267%
upside

7 analyst ratings

positive
100%
neutral
0%
negative
0%
Needham
Quinn Bolton
129%upside
$2.5
Buy
Reiterated
17 May 2024
Needham
Quinn Bolton
129%upside
$2.5
Buy
Reiterated
14 May 2024
Needham
Quinn Bolton
129%upside
$2.5
Buy
Initiated
8 Apr 2024
Benchmark
David Williams
267%upside
$4
Buy
Maintained
2 Apr 2024
Roth MKM
Suji Desilva
175%upside
$3
Buy
Maintained
1 Apr 2024

Financial journalist opinion

Based on 11 articles about QBTS published over the past 30 days