D-Wave Quantum (NASDAQ:QBTS) Shares Down 7.9% – Here’s What Happened

D-Wave Quantum Inc. (NASDAQ:QBTS)’s share price was down 7.9% during mid-day trading on Friday. The company traded as low as $10.23 and last traded at $10.65. 18,530,258 shares traded hands during mid-day trading, a decline of 28% from the average session volume of 25,689,125 shares. The stock had previously closed at $11.56.

More D-Wave Quantum News

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

• Positive Sentiment: A recent investing article identified D-Wave’s quantum-powered efficiency tools as a potential growth driver, suggesting that commercial adoption could support the company’s long-term opportunity. 3 Quantum Computing Stocks to Buy Before They Soar
• Neutral Sentiment: Multiple law firms reminded shareholders that they may seek appointment as lead plaintiff in the pending D-Wave securities class action. The principal deadline is December 15, 2026, although one notice cited December 14. These announcements primarily seek investor participation and do not establish liability. Deadline Alert for D-Wave Quantum
• Negative Sentiment: The lawsuit alleges that D-Wave and certain executives made misleading statements or failed to disclose material information between February 26 and August 25, 2026. Continued legal publicity raises potential litigation, reputational and financial risks for QBTS. D-Wave Quantum Securities Fraud Class Action Notice
• Negative Sentiment: The allegations focus in part on D-Wave’s second-quarter revenue of $3.08 million, which was below analyst expectations of roughly $4.03 million to $4.08 million. The shortfall has intensified scrutiny of the company’s growth outlook, particularly given its elevated valuation and substantial losses. QBTS Securities Class Action Deadline

Wall Street Analyst Weigh In

Several research analysts have commented on QBTS shares. Zacks Research cut shares of D-Wave Quantum from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 18th. Rosenblatt Securities reaffirmed a “buy” rating and set a $43.00 price objective on shares of D-Wave Quantum in a research report on Friday, August 7th. Wedbush started coverage on shares of 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. Roth Capital reissued a “buy” rating and issued a $30.00 target price on shares of D-Wave Quantum in a report on Thursday, August 6th. Finally, BMO Capital Markets began coverage on D-Wave Quantum in a research note on Thursday, August 20th. They issued an “outperform” rating and a $35.00 price target on the stock. Thirteen analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $36.27.

D-Wave Quantum Price Performance

The stock has a fifty day moving average of $15.45 and a 200-day moving average of $19.38. 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 $3.94 billion, a price-to-earnings ratio of -15.00 and a beta of 2.18.

D-Wave Quantum (NASDAQ:QBTS) last released 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). The company had revenue of $3.08 million for the quarter, compared to analyst estimates of $4.03 million. D-Wave Quantum had a negative return on equity of 26.67% and a negative net margin of 2,001.59%. The firm’s revenue for the quarter was down 0.6 compared to the same quarter last year. During the same period in the previous year, the business posted ($0.08) EPS. On average, equities research analysts predict that D-Wave Quantum Inc. will post -0.46 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. BlackRock Inc. acquired a new position in shares of D-Wave Quantum in the 2nd quarter valued at $795,206,000. Bank of America Corp DE purchased a new stake in D-Wave Quantum in the 2nd quarter valued at $104,183,000. Van ECK Associates Corp raised its position in D-Wave Quantum by 52.6% in the 2nd quarter. Van ECK Associates Corp now owns 2,339,788 shares of the company’s stock valued at $56,132,000 after purchasing an additional 806,835 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in D-Wave Quantum during the 2nd quarter worth $54,951,000. Finally, Wellington Management Group LLP boosted its stake in D-Wave Quantum by 372.2% during the 2nd quarter. Wellington Management Group LLP now owns 1,820,070 shares of the company’s stock worth $43,663,000 after purchasing an additional 1,434,657 shares during the period. 42.47% of the stock is owned by hedge funds and other institutional investors.

D-Wave Quantum Company Profile

D-Wave Quantum Inc (NASDAQ: QBTS) is a quantum computing company that develops and provides quantum computing systems, software, and related services. The company focuses on both quantum annealing and gate-model quantum computing, with the goal of helping organizations address complex optimization, artificial intelligence, materials science, cybersecurity, and other computational challenges.

Its product portfolio includes quantum computing systems, hybrid quantum-classical solutions, and the Leap quantum cloud service, which gives customers access to D-Wave systems through the cloud.