D-Wave Quantum (NASDAQ:QBTS) Trading Down 2.5% – Time to Sell?

D-Wave Quantum Inc. (NASDAQ:QBTS)’s share price was down 2.5% on Tuesday . The stock traded as low as $16.25 and last traded at $16.41. Approximately 11,261,407 shares were traded during trading, a decline of 59% from the average daily volume of 27,622,223 shares. The stock had previously closed at $16.83.

Key D-Wave Quantum News

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

• Positive Sentiment: Quantum stocks rallied broadly after IonQ, NVIDIA and Oak Ridge National Laboratory demonstrated an AI-based method that reduced quantum-circuit compilation time from roughly 11 minutes to 28 seconds. Although the breakthrough does not directly involve D-Wave, it strengthened investor enthusiasm for the broader quantum-computing theme. IonQ, NVIDIA and D-Wave quantum stocks article
• Positive Sentiment: Investors are also focusing on D-Wave’s finalized agreement with the U.S. Department of Commerce for access to as much as $100 million under the CHIPS and Science Act. The funding is intended to support a potential 100,000-qubit annealing system and 10,000-qubit gate-model system, reinforcing the company’s long-term roadmap.
• Positive Sentiment: D-Wave announced that it will host the Qubits Asia 2026 conference in Seoul on October 28, where it plans to showcase customer deployments and quantum-computing adoption across the Asia-Pacific region. The event could provide evidence of commercial traction, although it does not immediately add revenue. D-Wave Qubits Asia conference announcement
• Neutral Sentiment: Analyst sentiment remains favorable but limited: the supplied data shows one Buy rating and a median price target of $40. These targets imply substantial upside, but they were issued months ago and may not reflect current execution risks.
• Negative Sentiment: Two law firms, including Pomerantz, announced investigations into potential securities-law claims involving D-Wave. The announcements do not establish wrongdoing, but they add headline and litigation risk. Pomerantz D-Wave investigation
• Negative Sentiment: Recent insider activity is a cautionary signal: the supplied data lists 15 insider sales and no purchases during the past six months. D-Wave also remains unprofitable, with its latest reported revenue below analyst expectations, leaving QBTS highly dependent on future commercialization and government support.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on QBTS shares. BMO Capital Markets assumed coverage on D-Wave Quantum in a report on Thursday, August 20th. They set an “outperform” rating and a $35.00 price target for the company. Wedbush assumed coverage on D-Wave Quantum in a research note on Monday, August 3rd. They set an “outperform” rating and a $40.00 target price for the company. Stifel Nicolaus set a $35.00 price target on D-Wave Quantum in a research note on Tuesday, June 2nd. B. Riley Financial lifted their price objective on shares of D-Wave Quantum from $36.00 to $40.00 and gave the stock a “buy” rating in a research report on Tuesday, June 2nd. Finally, Zacks Research downgraded shares of D-Wave Quantum from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 18th. Thirteen equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, D-Wave Quantum has an average rating of “Moderate Buy” and an average price target of $36.27.

D-Wave Quantum Stock Up 9.1%

The company has a current ratio of 20.55, a quick ratio of 20.42 and a debt-to-equity ratio of 0.03. The stock has a market cap of $6.57 billion, a P/E ratio of -25.03 and a beta of 2.15. The firm has a 50-day simple moving average of $18.39 and a two-hundred day simple moving average of $19.93.

D-Wave Quantum (NASDAQ:QBTS) last released its quarterly earnings results on Thursday, August 6th. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.02). D-Wave Quantum had a negative net margin of 2,001.59% and a negative return on equity of 26.67%. The business had revenue of $3.08 million during the quarter, compared to analyst estimates of $4.03 million. During the same quarter last year, the company posted ($0.08) earnings per share. The company’s revenue was down 0.6 on a year-over-year basis. Equities research analysts expect that D-Wave Quantum Inc. will post -0.46 earnings per share for the current fiscal year.

Insider Activity at D-Wave Quantum

In other news, VP Sophie Ames sold 3,070 shares of the firm’s stock in a transaction that occurred on Monday, July 20th. The shares were sold at an average price of $16.95, for a total transaction of $52,036.50. Following the transaction, the vice president directly owned 589,009 shares of the company’s stock, valued at approximately $9,983,702.55. This trade represents a 0.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On D-Wave Quantum

A number of large investors have recently added to or reduced their stakes in the stock. CoreCap Advisors LLC lifted its stake in D-Wave Quantum by 9.2% in the 2nd quarter. CoreCap Advisors LLC now owns 6,115 shares of the company’s stock valued at $147,000 after purchasing an additional 515 shares during the last quarter. Thoroughbred Financial Services LLC grew its stake in shares of D-Wave Quantum by 0.5% during the fourth quarter. Thoroughbred Financial Services LLC now owns 131,852 shares of the company’s stock worth $3,447,000 after buying an additional 602 shares during the last quarter. Presilium Private Wealth LLC increased its holdings in shares of D-Wave Quantum by 6.9% during the first quarter. Presilium Private Wealth LLC now owns 10,657 shares of the company’s stock worth $154,000 after buying an additional 687 shares in the last quarter. Main Management ETF Advisors LLC increased its holdings in shares of D-Wave Quantum by 1.0% during the fourth quarter. Main Management ETF Advisors LLC now owns 69,687 shares of the company’s stock worth $1,822,000 after buying an additional 712 shares in the last quarter. Finally, Root Financial Partners LLC lifted its stake in shares of D-Wave Quantum by 388.0% in the 4th quarter. Root Financial Partners LLC now owns 976 shares of the company’s stock valued at $26,000 after acquiring an additional 776 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 develops quantum computing systems, software, and services for commercial, government, and research customers. The company is best known for its quantum annealing technology, which is designed to help solve complex optimization problems involving areas such as logistics, scheduling, manufacturing, artificial intelligence, and financial modeling.

D-Wave also develops gate-model quantum computing technology and provides access to its systems through cloud-based services, including the Leap quantum application environment.