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

D-Wave Quantum (NYSE:QBTS) is scheduled to issue its quarterly earnings data before the market opens on Thursday, March 28th. Analysts expect the company to announce earnings of ($0.10) per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

D-Wave Quantum Stock Performance

NYSE:QBTS opened at $1.95 on Wednesday. D-Wave Quantum has a 52-week low of $0.40 and a 52-week high of $3.20. The company has a market cap of $311.06 million, a P/E ratio of -3.04 and a beta of 0.88. The stock’s 50-day simple moving average is $1.47 and its 200 day simple moving average is $1.10.

Analysts Set New Price Targets

Separately, Roth Mkm lowered their price target on D-Wave Quantum to $2.00 and set a “buy” rating on the stock in a research report on Thursday, January 25th.

Hedge Funds Weigh In On D-Wave Quantum

Hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in D-Wave Quantum by 18.2% during the fourth quarter. Vanguard Group Inc. now owns 907,649 shares of the company’s stock worth $799,000 after purchasing an additional 140,012 shares during the period. BlackRock Inc. boosted its holdings in shares of D-Wave Quantum by 17.5% during the 2nd quarter. BlackRock Inc. now owns 507,099 shares of the company’s stock worth $1,060,000 after buying an additional 75,426 shares during the period. Geode Capital Management LLC boosted its holdings in shares of D-Wave Quantum by 44.6% during the 2nd quarter. Geode Capital Management LLC now owns 479,227 shares of the company’s stock worth $1,002,000 after buying an additional 147,904 shares during the period. Charles Schwab Investment Management Inc. grew its stake in D-Wave Quantum by 37.8% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 281,876 shares of the company’s stock valued at $589,000 after buying an additional 77,391 shares during the last quarter. Finally, State Street Corp raised its holdings in D-Wave Quantum by 32.7% in the 2nd quarter. State Street Corp now owns 178,900 shares of the company’s stock valued at $374,000 after acquiring an additional 44,100 shares during the period. Institutional investors own 42.47% of the company’s stock.

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.