D-Wave Quantum (NASDAQ:QBTS) Trading Up 7% – Should You Buy?

D-Wave Quantum Inc. (NASDAQ:QBTS)’s stock price rose 7% during mid-day trading on Friday . The company traded as high as $20.92 and last traded at $20.76. Approximately 16,202,244 shares were traded during mid-day trading, a decline of 46% from the average session volume of 29,840,520 shares. The stock had previously closed at $19.41.

Key Stories Impacting D-Wave Quantum

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

• Positive Sentiment: D-Wave reported a roughly 1,100% year-over-year increase in first-half bookings and a $40.7 million backlog, indicating stronger customer demand even though revenue recognition remains limited. The company said revenue-generating customer orders and commercial exposure are expanding. Why D-Wave Quantum Stock Fell After Earnings Revealed in Bookings
• Positive Sentiment: Management emphasized expanding production use of its annealing systems and a staged roadmap for gate-model quantum computing. Revenue is expected to be weighted heavily toward the fourth quarter of 2026, suggesting potential back-end-loaded growth if deployments convert as planned. QBTS Q2 Earnings Call Focuses on Adoption and Quantum Roadmaps
• Positive Sentiment: Rosenblatt Securities reaffirmed its Buy rating and assigned a $43 price target, reflecting substantial potential upside based on D-Wave’s bookings growth and quantum-computing prospects. Rosenblatt Securities Rating
• Positive Sentiment: A peer-reviewed Nature publication described a D-Wave hardware advance involving a high-fidelity two-qubit entangling gate, supporting the company’s longer-term effort to develop practical, fault-tolerant gate-model systems. D-Wave Demonstrates Hardware Breakthrough
• Negative Sentiment: Second-quarter revenue was $3.08 million, below estimates near $4.03 million, while the loss of $0.10 per share exceeded the expected $0.08 loss. The company also posted a $48.03 million net loss, keeping execution and cash-burn concerns central to the investment case. QBTS Stock Falls on Q2 Loss and Revenue Miss

Analysts Set New Price Targets

QBTS has been the subject of a number of analyst reports. Stifel Nicolaus set a $35.00 price objective on shares of D-Wave Quantum in a research report on Tuesday, June 2nd. Canaccord Genuity Group set a $35.00 target price on shares of D-Wave Quantum in a research report on Thursday. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $40.00 target price on shares of D-Wave Quantum in a research note on Wednesday, May 13th. Weiss Ratings upgraded D-Wave Quantum from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, June 23rd. Finally, Wedbush initiated coverage on D-Wave Quantum in a research note on Monday. They set an “outperform” rating and a $40.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $35.40.

D-Wave Quantum Trading Up 7.0%

The business’s fifty day moving average is $21.93 and its 200-day moving average is $20.59. The stock has a market capitalization of $7.68 billion, a PE ratio of -18.37 and a beta of 2.15. The company has a quick ratio of 21.31, a current ratio of 21.41 and a debt-to-equity ratio of 0.03.

D-Wave Quantum (NASDAQ:QBTS) last posted its quarterly earnings results 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). The company had revenue of $3.08 million for the quarter, compared to analysts’ expectations of $4.03 million. D-Wave Quantum had a negative return on equity of 44.06% and a negative net margin of 2,957.23%.The business’s revenue for the quarter was down 0.6 on a year-over-year basis. During the same period in the prior year, the business earned ($0.08) EPS. As a group, analysts anticipate that D-Wave Quantum Inc. will post -0.42 EPS for the current fiscal year.

Insider Buying and Selling at D-Wave Quantum

In other news, Director Rohit Ghai sold 13,518 shares of the company’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $26.41, for a total transaction of $357,010.38. Following the completion of the sale, the director directly owned 23,617 shares in the company, valued at $623,724.97. This represents a 36.40% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO John M. Markovich sold 200,000 shares of the stock in a transaction on Monday, June 15th. The stock was sold at an average price of $25.71, for a total value of $5,142,000.00. Following the completion of the transaction, the chief financial officer directly owned 1,142,820 shares in the company, valued at $29,381,902.20. This trade represents a 14.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders sold 1,363,842 shares of company stock worth $35,789,148. 1.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On D-Wave Quantum

Large investors have recently modified their holdings of the company. BlackRock Inc. acquired a new position in shares of D-Wave Quantum in the 2nd quarter valued at about $795,206,000. UBS Group AG increased its position in D-Wave Quantum by 541.6% during the 3rd quarter. UBS Group AG now owns 12,089,703 shares of the company’s stock worth $298,737,000 after purchasing an additional 10,205,427 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in D-Wave Quantum by 136,842.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,194,866 shares of the company’s stock worth $83,546,000 after purchasing an additional 3,192,533 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in D-Wave Quantum by 311.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,548,013 shares of the company’s stock valued at $92,781,000 after buying an additional 2,685,980 shares during the period. Finally, Bank of New York Mellon Corp purchased a new position in D-Wave Quantum in the second quarter valued at approximately $54,951,000. 42.47% of the stock is currently owned by hedge funds and other institutional investors.

D-Wave Quantum Company Profile

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.