D-Wave Quantum (NASDAQ:QBTS) Stock Falls 12.8% – Time to Sell?

D-Wave Quantum Inc. (NASDAQ:QBTS) fell 12.8% on Thursday. The company traded as low as $8.48 and last traded at $9.05. Approximately 25,081,541 shares changed hands during mid-day trading, a decline of 1% from the average session volume of 25,458,330 shares. The stock had previously closed at $10.38.

More D-Wave Quantum News

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

• Positive Sentiment: D-Wave said an upgraded Stride hybrid solver found better solutions in 15 seconds than its prior version did in 120 seconds in benchmark testing. It also introduced developer training courses, which could help encourage use of its optimization tools. Article
• Negative Sentiment: Several law firms issued reminders about a pending securities class action covering investors who bought shares from February 26 through August 25, 2026. The suit alleges misleading statements or omissions about D-Wave’s growth and prospects; these are allegations, not findings. The lead-plaintiff deadline is December 15, adding legal and reputational uncertainty. Article
• Negative Sentiment: Recent coverage also attributes October’s steep decline in quantum stocks to a sector-wide retreat and dilution concerns after IonQ announced a $2 billion equity offering. Reports of analyst price-target reductions and a lowered outlook for D-Wave add to investor caution. Article

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Zacks Research cut shares of D-Wave Quantum from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 18th. Benchmark assumed coverage on shares of D-Wave Quantum in a research note on Monday, July 27th. They set a “buy” rating and a $30.00 target price for the company. Wedbush initiated 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. B. Riley Financial reduced their target price on shares of D-Wave Quantum from $40.00 to $27.00 and set a “buy” rating for the company in a report on Monday. Finally, BMO Capital Markets started coverage on shares of D-Wave Quantum in a research report on Thursday, August 20th. They issued an “outperform” rating and a $35.00 price target on the stock. Thirteen investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, D-Wave Quantum currently has an average rating of “Moderate Buy” and an average target price of $35.40.

D-Wave Quantum Stock Down 12.8%

The company has a debt-to-equity ratio of 0.03, a quick ratio of 20.42 and a current ratio of 20.55. The stock has a market cap of $3.35 billion, a price-to-earnings ratio of -12.75 and a beta of 2.35. The business’s 50 day moving average is $14.89 and its 200 day moving average is $19.09.

D-Wave Quantum (NASDAQ:QBTS) last announced its quarterly earnings data on Thursday, August 6th. The company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.02). The business 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 company’s revenue was down 0.6 compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.08) earnings per share. Equities analysts expect that D-Wave Quantum Inc. will post -0.50 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. BlackRock Inc. bought a new position in shares of D-Wave Quantum in the second quarter valued at approximately $795,206,000. Bank of America Corp DE bought a new stake in shares of D-Wave Quantum during the 2nd quarter worth $104,183,000. Van ECK Associates Corp grew its stake 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 buying an additional 806,835 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in D-Wave Quantum in the 2nd quarter valued at $54,951,000. Finally, Wellington Management Group LLP grew its stake in D-Wave Quantum by 372.2% in the 2nd quarter. Wellington Management Group LLP now owns 1,820,070 shares of the company’s stock valued at $43,663,000 after buying an additional 1,434,657 shares during the last quarter. 42.47% of the stock is owned by institutional investors.

About D-Wave Quantum

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.