D-Wave Quantum (NASDAQ:QBTS) Stock Price Down 8% – Should You Sell?

D-Wave Quantum Inc. (NASDAQ:QBTS) traded down 8% during mid-day trading on Friday. The company traded as low as $11.74 and last traded at $11.78. 17,146,693 shares were traded during mid-day trading, a decline of 35% from the average daily volume of 26,339,146 shares. The stock had previously closed at $12.81.

D-Wave Quantum News Summary

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

• Positive Sentiment: Multi-year manufacturing agreement: D-Wave and SkyWater Technology announced a multi-year deal intended to secure production capacity and strengthen the supply chain for D-Wave’s superconducting quantum systems. The agreement could improve manufacturing reliability and support future commercialization. D-Wave Quantum and SkyWater Technology manufacturing deal
• Positive Sentiment: International system deployment: D-Wave delivered its Advantage2 annealing quantum computer to Lombardy, Italy, for installation at Villa Saporiti. The system is funded by Swiss Quantum Technology and represents a commercial and international deployment of D-Wave’s technology, although the announcement does not disclose material new revenue. D-Wave delivers Italy’s first annealing quantum computer
• Neutral Sentiment: Quantum-stock rebound: D-Wave and other quantum-computing stocks recently rebounded after concerns about potential dilution pressured the sector. The move reflects broader industry sentiment rather than a company-specific change in fundamentals. Quantum computing stocks rebound after dilution scare
• Negative Sentiment: Several securities class-action notices: Multiple law firms announced or promoted litigation involving investors who purchased QBTS securities between February 26 and August 25, 2026. The complaints reportedly allege that D-Wave and certain executives overstated business and financial prospects. The allegations have not been proven, but the legal overhang could damage confidence and create potential costs or liabilities. Lead-plaintiff deadlines cited in the notices include December 14 and December 15, 2026. D-Wave Quantum class-action lawsuit
• Negative Sentiment: Valuation concerns: Commentary is questioning whether D-Wave’s valuation is justified after a substantial multi-year stock rally. With QBTS still loss-making and recent earnings below analyst expectations, valuation sensitivity may be amplifying selling pressure. D-Wave Quantum valuation scrutiny

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Weiss Ratings upgraded shares of D-Wave Quantum from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, August 28th. Rosenblatt Securities reiterated a “buy” rating and set a $43.00 price target on shares of D-Wave Quantum in a report on Friday, August 7th. Zacks Research downgraded shares of D-Wave Quantum from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 18th. BMO Capital Markets initiated coverage on shares of D-Wave Quantum in a research note on Thursday, August 20th. They issued an “outperform” rating and a $35.00 target price for the company. Finally, Canaccord Genuity Group set a $35.00 price objective on shares of D-Wave Quantum in a research report on Thursday, August 6th. Thirteen investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $36.27.

D-Wave Quantum Price Performance

The business has a fifty day simple moving average of $17.26 and a two-hundred day simple moving average of $19.70. The stock has a market cap of $4.36 billion, a PE ratio of -16.59 and a beta of 2.18. The company has a current ratio of 20.55, a quick ratio of 20.42 and a debt-to-equity ratio of 0.03.

D-Wave Quantum (NASDAQ:QBTS) last announced its quarterly earnings data on Thursday, August 6th. The company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.02). D-Wave Quantum had a negative return on equity of 26.67% and a negative net margin of 2,001.59%. The firm had revenue of $3.08 million during the quarter, compared to analysts’ expectations of $4.03 million. During the same quarter in the previous year, the firm earned ($0.08) earnings per share. D-Wave Quantum’s revenue was down 0.6 on a year-over-year basis. Research analysts forecast that D-Wave Quantum Inc. will post -0.46 earnings per share for the current year.

Insider Activity at D-Wave Quantum

In other news, VP Sophie Ames sold 3,070 shares of the stock in a transaction that occurred on Monday, July 20th. The stock was sold at an average price of $16.95, for a total transaction of $52,036.50. Following the completion of the transaction, the vice president directly owned 589,009 shares in the company, valued at approximately $9,983,702.55. This represents a 0.52% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.30% of the stock is owned by company insiders.

Institutional Trading of D-Wave Quantum

Institutional investors and hedge funds have recently made changes to their positions in the company. CoreCap Advisors LLC lifted its holdings in D-Wave Quantum by 9.2% in the 2nd quarter. CoreCap Advisors LLC now owns 6,115 shares of the company’s stock worth $147,000 after buying an additional 515 shares in the last quarter. Presilium Private Wealth LLC boosted its stake in D-Wave Quantum by 6.9% in the first quarter. Presilium Private Wealth LLC now owns 10,657 shares of the company’s stock valued at $154,000 after acquiring an additional 687 shares during the period. GAMMA Investing LLC grew its position in shares of D-Wave Quantum by 21.7% during the third quarter. GAMMA Investing LLC now owns 3,922 shares of the company’s stock worth $65,000 after acquiring an additional 698 shares during the last quarter. Private Advisor Group LLC boosted its position in shares of D-Wave Quantum by 2.4% during the first quarter. Private Advisor Group LLC now owns 33,341 shares of the company’s stock worth $481,000 after buying an additional 781 shares during the period. Finally, Fiduciary Financial Advisors bought a new position in shares of D-Wave Quantum in the second quarter valued at approximately $25,000. 42.47% of the stock is currently owned by institutional investors.

D-Wave Quantum Company Profile

D-Wave Quantum Inc is a quantum-computing company that develops and delivers quantum systems, software and cloud-based services for commercial, government and research customers. The company focuses on quantum annealing, an approach designed to address complex optimization problems, and is also developing gate-model quantum-computing capabilities.

Its offerings include D-Wave quantum computers, the Leap quantum cloud service, and the Ocean software development kit. Through these products, customers can access quantum hardware, build and test applications, and combine quantum processing with classical computing through hybrid solvers.