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

D-Wave Quantum (NYSE:QBTS) is set to announce its earnings results before the market opens on Thursday, November 14th. Analysts expect the company to announce earnings of ($0.09) per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

D-Wave Quantum Price Performance

Shares of QBTS opened at $1.54 on Wednesday. The company has a 50-day simple moving average of $1.04 and a two-hundred day simple moving average of $1.11. The firm has a market capitalization of $309.19 million, a PE ratio of -3.79 and a beta of 0.96. D-Wave Quantum has a one year low of $0.68 and a one year high of $2.44.

Analyst Upgrades and Downgrades

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