D-Wave Quantum (NYSE:QBTS) Stock Price Up 3.4% – Still a Buy?

D-Wave Quantum Inc. (NYSE:QBTS)’s stock price was up 3.4% during mid-day trading on Thursday . The stock traded as high as $22.47 and last traded at $21.5160. Approximately 89,304,461 shares traded hands during trading, an increase of 199% from the average daily volume of 29,860,930 shares. The stock had previously closed at $20.81.

D-Wave Quantum News Summary

Here are the key news stories impacting D-Wave Quantum this week:

• Positive Sentiment: Nvidia catalyst: Nvidia’s launch of quantum-capable AI models and related products is being interpreted as a broad accelerator for quantum companies, boosting investor enthusiasm for D-Wave. D-Wave Quantum (QBTS) Soars 22% on Nvidia Quantum Support
• Positive Sentiment: Broad sector rally and thematic flows: Quantum names have rallied for multiple sessions as investors pile into the theme (including concerns about quantum threats to crypto), which is lifting QBTS along with peers. Quantum Computing’s Crypto Threat Is Getting Real—and Investors Are Piling In
• Positive Sentiment: Heavy bullish options activity: Unusually large call buying (roughly 109,771 calls traded on 4/15) signals aggressive short-term bullish speculation and hedged positioning by traders. Article reference: options volume report
• Positive Sentiment: Event-driven interest: Anticipation around a D?Wave CEO summit and investor-facing events has driven short-term demand and headline coverage. D-Wave Quantum (QBTS) Surges Nearly 13% on CEO Summit Anticipation
• Neutral Sentiment: ETF/safer-bet narrative: Coverage suggests ETFs (e.g., QTUM-themed products) could offer a lower-risk way to play the sector, which may attract new capital but also divert some flows away from single names. Quantum Stocks Surge after Nvidia Boost, but QTUM ETF Offers a Safer Bet
• Neutral Sentiment: Mixed analyst/commentary: Recent articles debate D?Wave’s valuation versus execution — useful for longer-term investors but less decisive for the current momentum trade. D-Wave Quantum: Sanity Returns D-Wave Quantum: Extreme Valuation Meets Execution Reality
• Negative Sentiment: Fundamentals remain challenged: D?Wave reported a recent quarterly EPS and revenue miss and continues to be unprofitable (negative ROE and large negative net margin), keeping longer-term valuation and profitability questions unresolved — a risk if momentum fades.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on QBTS shares. Wall Street Zen downgraded D-Wave Quantum from a “hold” rating to a “sell” rating in a research note on Saturday, February 7th. Rosenblatt Securities reaffirmed a “buy” rating and set a $43.00 price target on shares of D-Wave Quantum in a research note on Wednesday, January 28th. Wedbush started coverage on D-Wave Quantum in a research note on Wednesday, December 17th. They set an “outperform” rating and a $35.00 price target for the company. Needham & Company LLC cut their price target on D-Wave Quantum from $48.00 to $40.00 and set a “buy” rating for the company in a research note on Thursday, February 26th. Finally, Roth Mkm cut their price target on D-Wave Quantum from $40.00 to $30.00 and set a “buy” rating for the company in a research note on Friday, February 27th. Fourteen research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $36.50.

D-Wave Quantum Stock Up 3.4%

The firm’s 50 day moving average is $17.33 and its two-hundred day moving average is $24.43. The stock has a market cap of $7.96 billion, a price-to-earnings ratio of -19.56 and a beta of 1.78. The company has a current ratio of 42.38, a quick ratio of 42.25 and a debt-to-equity ratio of 0.04.

D-Wave Quantum (NYSE:QBTS) last announced its earnings results on Thursday, February 26th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.04). D-Wave Quantum had a negative net margin of 1,444.10% and a negative return on equity of 58.58%. The firm had revenue of $2.75 million during the quarter, compared to analyst estimates of $3.74 million. D-Wave Quantum’s revenue for the quarter was up 21.7% on a year-over-year basis. On average, sell-side analysts predict that D-Wave Quantum Inc. will post -0.41 EPS for the current year.

Insider Activity at D-Wave Quantum

In related news, Director John D. Dilullo sold 8,000 shares of the business’s stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $18.01, for a total value of $144,080.00. Following the completion of the transaction, the director owned 19,803 shares of the company’s stock, valued at approximately $356,652.03. The trade was a 28.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO John M. Markovich sold 10,706 shares of the business’s stock in a transaction dated Friday, March 13th. The shares were sold at an average price of $17.63, for a total transaction of $188,746.78. Following the completion of the transaction, the chief financial officer directly owned 1,451,427 shares of the company’s stock, valued at $25,588,658.01. The trade was a 0.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 28,706 shares of company stock valued at $509,027. 3.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of QBTS. Baird Financial Group Inc. increased its stake in shares of D-Wave Quantum by 12.0% during the 1st quarter. Baird Financial Group Inc. now owns 12,135 shares of the company’s stock valued at $92,000 after acquiring an additional 1,300 shares during the last quarter. Royal Bank of Canada increased its stake in shares of D-Wave Quantum by 59.8% during the 1st quarter. Royal Bank of Canada now owns 162,088 shares of the company’s stock valued at $1,231,000 after acquiring an additional 60,668 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of D-Wave Quantum by 201.0% during the 1st quarter. AQR Capital Management LLC now owns 200,765 shares of the company’s stock valued at $1,526,000 after acquiring an additional 134,066 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of D-Wave Quantum by 93.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 108,572 shares of the company’s stock valued at $825,000 after acquiring an additional 52,437 shares during the last quarter. Finally, NewEdge Advisors LLC increased its stake in shares of D-Wave Quantum by 125.7% during the 1st quarter. NewEdge Advisors LLC now owns 43,786 shares of the company’s stock valued at $333,000 after acquiring an additional 24,382 shares during the last quarter. Institutional investors and hedge funds own 42.47% of the company’s stock.

About D-Wave Quantum

D-Wave Quantum Inc (NYSE: QBTS) develops and provides quantum computing systems, software and services focused on quantum annealing technology. Headquartered in Burnaby, British Columbia, D-Wave designs specialized processors that leverage quantum mechanics to solve complex optimization and sampling problems. Since its founding in 1999 by physicists including Geordie Rose, the company has pursued the development of commercially viable quantum hardware and accompanying software tools.

The company’s product portfolio centers on its quantum annealers, which are complemented by hybrid solvers that integrate classical and quantum computing resources.