D-Wave Quantum (NASDAQ:QBTS) Trading 8.7% Higher – What’s Next?

D-Wave Quantum Inc. (NASDAQ:QBTS)’s share price shot up 8.7% during trading on Thursday . The stock traded as high as $17.88 and last traded at $17.69. 21,365,960 shares were traded during trading, a decline of 22% from the average daily volume of 27,493,100 shares. The stock had previously closed at $16.27.

Key D-Wave Quantum News

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

• Positive Sentiment: D-Wave’s recently finalized agreement with the U.S. Department of Commerce provides access to up to $100 million under the CHIPS and Science Act. The funding is intended to advance a 100,000-qubit annealing system and a 10,000-qubit gate-model platform, strengthening the company’s long-term technology roadmap. D-Wave Quantum $100 million funding article
• Positive Sentiment: Quantum stocks rallied as a thematic basket after IonQ and NVIDIA highlighted an artificial-intelligence method that reduced quantum-circuit compilation time from roughly 11 minutes to 28 seconds. Although the breakthrough does not directly involve D-Wave, it increased enthusiasm for the broader quantum-computing market. Quantum computing sector rally article
• Positive Sentiment: The company plans to host its Qubits Asia 2026 conference in Seoul on October 28, showcasing customer applications, Asia-Pacific adoption and progress in its dual-platform annealing and gate-model systems. The event could help reinforce D-Wave’s commercial visibility. D-Wave Qubits Asia conference announcement
• Neutral Sentiment: Analyst targets remain substantially above the current trading level, with a reported six-analyst median target of $40. However, these targets are based on longer-term expectations and may not reflect D-Wave’s weak current operating results.
• Negative Sentiment: Pomerantz LLP announced an investigation into potential claims on behalf of D-Wave investors. The investigation could create legal and reputational risk, although no findings or wrongdoing were established in the announcement. Pomerantz investor investigation announcement
• Negative Sentiment: Recent insider activity shows 15 open-market sales and no purchases over six months, including substantial sales by executives. This may weigh on investor confidence, even as institutional ownership activity has been mixed.
• Negative Sentiment: D-Wave’s latest reported quarter showed a larger-than-expected loss and revenue of about $3.1 million, below analyst forecasts, underscoring that the stock’s current strength is being supported primarily by future funding and quantum-sector enthusiasm rather than established profitability.

Wall Street Analysts Forecast Growth

QBTS has been the topic of several recent research reports. Mizuho raised their price target on D-Wave Quantum from $29.00 to $35.00 and gave the stock an “outperform” rating in a research report on Monday, June 15th. Jefferies Financial Group set a $40.00 target price on D-Wave Quantum in a research note on Friday, August 7th. Weiss Ratings upgraded D-Wave Quantum from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, August 28th. Wall Street Zen upgraded D-Wave Quantum from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 8th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $43.00 price target on shares of D-Wave Quantum in a research note on Friday, August 7th. Thirteen research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $36.27.

D-Wave Quantum Trading Up 8.7%

The company has a quick ratio of 20.42, a current ratio of 20.55 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $6.54 billion, a P/E ratio of -24.90 and a beta of 2.15. The company has a fifty day simple moving average of $18.39 and a two-hundred day simple moving average of $19.93.

D-Wave Quantum (NASDAQ:QBTS) last posted its earnings results on Thursday, August 6th. The company reported ($0.10) earnings per share (EPS) 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 business had revenue of $3.08 million for the quarter, compared to the consensus estimate of $4.03 million. During the same period in the previous year, the company posted ($0.08) earnings per share. D-Wave Quantum’s revenue for the quarter was down 0.6 compared to the same quarter last year. On average, sell-side analysts expect that D-Wave Quantum Inc. will post -0.46 earnings per share for the current year.

Insider Transactions at D-Wave Quantum

In other D-Wave Quantum news, VP Sophie Ames sold 3,070 shares of the stock in a transaction dated 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 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 document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of QBTS. Tidal Investments LLC bought a new position in D-Wave Quantum in the second quarter valued at approximately $372,000. Archford Capital Strategies LLC acquired a new stake in D-Wave Quantum during the 2nd quarter worth approximately $200,000. WINTON GROUP Ltd bought a new stake in D-Wave Quantum in the 2nd quarter valued at $6,720,000. NorthRock Partners LLC acquired a new position in D-Wave Quantum in the 2nd quarter valued at $359,000. Finally, Integrated Wealth Concepts LLC increased its position in D-Wave Quantum by 18.2% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 17,136 shares of the company’s stock worth $411,000 after buying an additional 2,640 shares during the period. 42.47% of the stock is currently owned by institutional investors.

D-Wave Quantum Company Profile

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.