D-Wave Quantum Inc. (QBTS) Is Up 53.47% in One Week: What You Should Know

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: D-Wave Quantum Inc. (QBTS) - D-Wave Quantum Inc. currently holds a Momentum Style Score of B and a Zacks Rank of 2 (Buy), indicating strong potential for outperformance [3][4] - The stock has shown significant price increases, with shares up 53.47% over the past week, contrasting with a 2.84% decline in the Zacks Internet - Software industry during the same period [6] - Over the past month, QBTS shares have increased by 153.98%, while the industry only saw a 4.99% increase [6] - In the last quarter, shares have surged by 213.39%, and over the past year, they have skyrocketed by 1135.92%, compared to the S&P 500's performance of -0.81% and 12.32% respectively [7] Trading Volume - The average 20-day trading volume for QBTS is 108,730,992 shares, which serves as a bullish indicator when combined with rising stock prices [8] Earnings Outlook - Recent earnings estimate revisions for QBTS have been positive, with two estimates moving higher for the full year, raising the consensus estimate from -$0.25 to -$0.21 [10] - For the next fiscal year, two estimates have also increased, with no downward revisions noted [10] Conclusion - Given the strong momentum indicators and positive earnings outlook, D-Wave Quantum Inc. is positioned as a promising investment opportunity [12]