NEW YORK, NY – Shares of D-Wave Quantum Inc. (NYSE: QBTS), a company at the forefront of quantum computing development, experienced a notable dip in early trading today. As of 10:11 AM EDT, with the market open, QBTS was trading at 0.47 or 2.88% from its previous close.
The stock opened the session at $16.24, slightly below its previous close of 15.15 to $16.71**. The chart indicates a sharp downward movement around the market open, followed by a partial recovery.
Active trading has seen over 14.28 million shares change hands so far, compared to an average daily volume of approximately 76.09 million shares. This suggests significant investor interest and movement in the stock during the early hours.
Several key metrics provide further context for D-Wave’s current market position:
Market Cap (Intraday): Stands at a significant $4.631 billion.
52-Week Range: The stock has seen a wide swing over the past year, trading between $0.75 and $19.76, highlighting its inherent volatility.
Beta (5Y Monthly): At 1.48, QBTS is historically more volatile than the broader market.
Earnings Per Share (EPS TTM): Currently at -$0.66, indicating the company is not yet profitable on a trailing twelve-month basis, common for companies in high-growth, research-intensive sectors like quantum computing.
PE Ratio (TTM): Not applicable due to negative earnings.
Earnings Date: The next earnings report is anticipated around August 7, 2025.
Dividends: D-Wave does not currently offer a dividend.
Perhaps one of the most watched figures for investors is the 1-year target estimate, which stands at $12.83. This analyst consensus suggests a potential downside from the current trading price, a factor investors will undoubtedly be weighing.
D-Wave Quantum Inc. operates in the cutting-edge field of quantum annealing and gate-model quantum computers, aiming to solve complex computational problems beyond the reach of classical supercomputers. As with many pioneering technology stocks, QBTS can be subject to significant market sentiment swings based on industry news, technological milestones, and broader economic factors.
Investors will be closely monitoring QBTS’s performance throughout the day and looking towards future catalysts, including its next earnings report and developments in the rapidly evolving quantum computing landscape.
