Investor interest in D-Wave Quantum and similar quantum computing stocks surged dramatically last year. The company, which trades on the New York Stock Exchange under the symbol QBTS, has attracted attention from those who view its technology as potentially transformative.
D-Wave Quantum became a public company through a SPAC merger in August 2022, with shares initially priced at $10. By mid-December of that same year, the stock had fallen below $2 per share.
Over the past twelve months, the stock price has increased by more than 400% as investors have moved into quantum-related investments. Shares recently traded just under $30.
An investment of $1,000 made at the stock's low point in December 2022 would now be worth approximately $17,700, representing a return of nearly 1,700% over three years.
The company reported sales of $24.14 million during the last twelve months. D-Wave Quantum currently has a market capitalization exceeding $10 billion, resulting in a price-to-sales ratio above 400. The company recorded a net loss of nearly $400 million during the same period.
Eighteen months ago, D-Wave Quantum faced potential delisting from stock exchanges. The company's subsequent rise has been described as driven primarily by market excitement and speculation.
The Motley Fool Stock Advisor analyst team recently identified ten stocks they recommend for investors. D-Wave Quantum was not included in this list. The selected stocks are projected to generate significant returns in coming years.
Stock Advisor reports a total average return of 955%, compared to the S&P 500's return of 196% over the same period. Historical examples from their recommendations include Netflix in December 2004 and Nvidia in April 2005, with hypothetical $1,000 investments growing to $474,578 and $1,141,628 respectively.