Is D-Wave Quantum Stock a Buy?

Interestingly, Stocks can be a lot surfers

Sometimes, they both catch a big wave and ride it for as long as they can

Nevertheless, The company even has "wave" in its name

The wave D-Wave Quantum is riding is the rapidly growing interest in quantum computing

At the same time, But is D-Wave Quantum stock a buy now

The case for buying D-Wave Quantum One compelling argument for buying D-Wave Quantum stock is that its nology is already useful

A lot of people talk the mise of quantum computing, but D-Wave is already helping fulfill that mise

The company has reduced the scheduling time by 6 times for its Ford Transit vehicles

Nevertheless, D-Wave Quantum also has other big customers

Additionally, Furthermore, The company's growth story speaks for itself, given the current landscape

Furthermore, This momentum could continue as sales of the new Advantage systems pick up and D-Wave identifies more use cases for its quantum computing nology

That leads to another key reason to buy the stock: the overall opportunity for quantum computers

D-Wave Quantum appears to be in a solid financial position

Management believes this cash stockpile will be enough to fund operations until D-Wave achieves fitability (this bears monitoring), given the current landscape

Image source: Getty Images

Furthermore, The case against buying D-Wave Quantum It's not too difficult to make a case against buying D-Wave Quantum stock, though

We can start where we left off on the reasons to consider buying the stock: D-Wave remains unfitable

Although management thinks the company has sufficient cash to last until it's fitable, D-Wave could be forced to raise more cash through dilutive stock offerings

Moreover, Furthermore, the lack of fits makes earnings-based valuation metrics useless in assessing D-Wave Quantum, given current economic conditions

Moreover, That steep multiple can only be justified if D-Wave's growth continues at a breakneck pace

Nevertheless, At the same time, Maybe D-Wave will be able to keep growing rapidly, but maybe not

Moreover, One key reason for uncertainty is that the company faces stiff competition, considering recent developments

Other smaller players, including IonQ (IONQ 3

Deep-pocketed giants present competitive threats as well, including Google parent Alphabet (GOOG -0

As mising as quantum computing seems to be, there's no guarantee that it will up to the hype, given current economic conditions

Nevertheless, Nological hurdles could ve to be more daunting than expected, pushing the timeline for useful, large-scale quantum computers out enough to zap the current momentum for quantum computing stocks

Nevertheless, Final verdict What's the final verdict on whether to buy D-Wave Quantum stock (noteworthy indeed)

I think we have a hung jury, considering recent developments

If you're a risk-averse investor, D-Wave bably won't be a great pick

There are simply too many unknowns for the stock

Value investors won't this stock with its sky-high price-to-sales multiple

Income investors don't need to waste their time with D-Wave since it doesn't pay a dividend and isn't ly to do so anytime soon

Nevertheless, However, I think aggressive growth investors might consider taking a small position in D-Wave Quantum

Additionally, Although it's admittedly a speculative bet, it could pay off in a huge way over time

The Author Keith Speights is a contributing Motley Fool Healthcare Analyst covering publicly traded companies across pharmaceuticals, bionology, medical devices, nology, and marijuana

Prior to The Motley Fool, Keith was CEO of Constant Care nology, a healthcare nology company; vice president of American Health, a healthcare software company; and a director of operations for Blue Cross Blue Shield of Mississippi, a health insurer, amid market uncertainty

In Industrial Engineering from Mississippi State University

Moreover, Fun fact: His first job was a DJ at a country music radio station (which is quite significant)

Additionally, He initially hated country music, but it grew on him over time

Nevertheless, TMFFishBiz John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors

Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors

Keith Speights has positions in Alphabet, Amazon, Mastercard, and Microsoft

However, The Motley Fool has positions in and recommends Accenture Plc, Alphabet, Amazon, International Machines, Mastercard, and Microsoft

On the other hand, Moreover, The Motley Fool has a disclosure policy.