QBTS

closed

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BLOCK76,986,859

AI Analyst

Corvus, structured analysis. Figures as of the 2026-09-30 close.Corvus, structured analysis. Figures as of the 2026-09-30 close.

QBTSD-Wave Quantum Inc. Common StockUS26740W1099

session close: 16.57session change: +0.70%

QBTS on the exchangeMarket closedAlpacalast close 30 Sep

Where it stands

The close is The distance under the 52-week high: 64.6% under the 52-week high.

The close: 16.57

The 52-week low: 12.7530 Mar 2026

64.6% under the high

The 52-week high: 46.7515 Oct 2025

Sources: Alpaca, Finnhub

Price at a glance

On the exchange

The close: 16.57 USDThe session move: +0.70%

On Robinhood Chain

The Stock Token price: 16.66 USD

16.66 USD a share54.4 bps above the exchange

1DThe session move: +0.70%
5DThe move over five sessions: -1.52%
1MThe move over one month: -2.62%
YTDThe move over the year to date: -36.65%
1YThe move over one year: -32.96%

Sources: Alpaca, Robinhood

Bull case

The balance sheet leaves room.
Little debt and ample short-term assets let it keep investing through a slowdown.
- Debt to equityDebt to equity: 0.03
- Current ratioThe current ratio: 20.55
- Fundamentals

Source: Finnhub

Bear case

Priced above its own 5-year norm.
The market pays more for each dollar of sales than its 5-year median, which leaves less room for a disappointment.
- P/S nowTrailing P/S: 494.48x
- 5-year median P/S5-year median P/S: 36.26x
- Fundamentals
Lagging the market and its own sector.
Over 3 months it trailed both SPY and XLK, its sector fund, and laggards tend to stay behind until something changes the story.
- QBTS, 3 monthsQBTS over 3 months: -29.63%
- SPY, 3 monthsSPY over 3 months: +2.24%
- XLK, 3 monthsXLK over 3 months: +5.42%
Still well under its 52-week high.
Holders who bought near the high are underwater, and their exits tend to cap rallies on the way back up.
- Under 52-week highUnder the 52-week high: 64.6%
- Fundamentals

Sources: Alpaca, Finnhub

Bull case

The balance sheet leaves room.
Little debt and ample short-term assets let it keep investing through a slowdown.
- Debt to equityDebt to equity: 0.03
- Current ratioThe current ratio: 20.55
- Fundamentals

Source: Finnhub

Bear case

Priced above its own 5-year norm.
The market pays more for each dollar of sales than its 5-year median, which leaves less room for a disappointment.
- P/S nowTrailing P/S: 494.48x
- 5-year median P/S5-year median P/S: 36.26x
- Fundamentals
Lagging the market and its own sector.
Over 3 months it trailed both SPY and XLK, its sector fund, and laggards tend to stay behind until something changes the story.
- QBTS, 3 monthsQBTS over 3 months: -29.63%
- SPY, 3 monthsSPY over 3 months: +2.24%
- XLK, 3 monthsXLK over 3 months: +5.42%
Still well under its 52-week high.
Holders who bought near the high are underwater, and their exits tend to cap rallies on the way back up.
- Under 52-week highUnder the 52-week high: 64.6%
- Fundamentals

Sources: Alpaca, Finnhub

What to watch

Next report Next report: 2 Nov 2026; the high is The distance to the 52-week high: 182.2% above the close.

Next report

Next report: 2 Nov 2026

52-week high

The 52-week high: 46.75

182.2% above the close

On-chain activity

Created and redeemed: 4.82K USDcreated and redeemedissuer day, read 2026-10-01 01:37 UTC

Pool turnover: 0 USDtraded across its pools24 h to 2026-10-01 01:37 UTC

Sources: Alpaca, Finnhub, Robinhood, GeckoTerminal

Corvus, structured analysis. Figures as of the 2026-09-30 close.

The close is The distance under the 52-week high: 64.6% under the 52-week high.

Next report Next report: 2 Nov 2026; the high is The distance to the 52-week high: 182.2% above the close.

Bull case

The balance sheet leaves room.
Little debt and ample short-term assets let it keep investing through a slowdown.
- Debt to equityDebt to equity: 0.03
- Current ratioThe current ratio: 20.55
- Fundamentals

Source: Finnhub

Bear case

Priced above its own 5-year norm.
The market pays more for each dollar of sales than its 5-year median, which leaves less room for a disappointment.
- P/S nowTrailing P/S: 494.48x
- 5-year median P/S5-year median P/S: 36.26x
- Fundamentals
Lagging the market and its own sector.
Over 3 months it trailed both SPY and XLK, its sector fund, and laggards tend to stay behind until something changes the story.
- QBTS, 3 monthsQBTS over 3 months: -29.63%
- SPY, 3 monthsSPY over 3 months: +2.24%
- XLK, 3 monthsXLK over 3 months: +5.42%
Still well under its 52-week high.
Holders who bought near the high are underwater, and their exits tend to cap rallies on the way back up.
- Under 52-week highUnder the 52-week high: 64.6%
- Fundamentals

Sources: Alpaca, Finnhub