D-Wave Quantum (NASDAQ:QBTS) Stock Price Down 2% – What’s Next?

D-Wave Quantum Inc. (NASDAQ:QBTS) traded down 2% during trading on Wednesday . The stock traded as low as $21.15 and last traded at $21.39. Approximately 16,820,327 shares changed hands during mid-day trading, a decline of 44% from the average daily volume of 29,969,354 shares. The stock had previously closed at $21.83.

Key Headlines 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

A number of equities research analysts recently weighed in on the stock. Rosenblatt Securities reissued a “buy” rating and set a $43.00 price target on shares of D-Wave Quantum in a research note on Friday. Northland Securities started coverage on shares of D-Wave Quantum in a report on Monday, April 20th. They set a “market perform” rating and a $22.00 target price for the company. Stifel Nicolaus set a $35.00 price target on D-Wave Quantum in a research note on Tuesday, June 2nd. Zacks Research raised D-Wave Quantum from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 20th. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $40.00 target price on shares of D-Wave Quantum in a report on Wednesday, May 13th. One research 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 issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $35.40.

D-Wave Quantum Stock Performance

The company has a market capitalization of $7.68 billion, a price-to-earnings ratio of -18.37 and a beta of 2.15. The company has a current ratio of 21.41, a quick ratio of 21.31 and a debt-to-equity ratio of 0.03. The stock’s 50 day moving average price is $21.93 and its 200 day moving average price is $20.59.

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 during the quarter, compared to the consensus estimate of $4.03 million. D-Wave Quantum had a negative net margin of 2,957.23% and a negative return on equity of 44.06%. The firm’s revenue for the quarter was down 0.6 compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.08) earnings per share. Analysts expect that D-Wave Quantum Inc. will post -0.42 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO John M. Markovich sold 328,752 shares of D-Wave Quantum stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $27.70, for a total value of $9,106,430.40. Following the completion of the transaction, the chief financial officer owned 1,442,820 shares of the company’s stock, valued at $39,966,114. This trade represents a 18.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Alan E. Baratz sold 687,627 shares of the business’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $26.13, for a total transaction of $17,967,693.51. Following the transaction, the chief executive officer owned 3,299,771 shares in the company, valued at $86,223,016.23. This represents a 17.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 1,363,842 shares of company stock valued at $35,789,148 in the last ninety days. 1.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On D-Wave Quantum

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Root Financial Partners LLC lifted its position in shares of D-Wave Quantum by 388.0% in the fourth quarter. Root Financial Partners LLC now owns 976 shares of the company’s stock valued at $26,000 after buying an additional 776 shares during the last quarter. Kemnay Advisory Services Inc. bought a new position in shares of D-Wave Quantum during the 4th quarter worth approximately $28,000. EverSource Wealth Advisors LLC increased its holdings in shares of D-Wave Quantum by 267.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,151 shares of the company’s stock worth $30,000 after acquiring an additional 838 shares during the last quarter. Mcguire Capital Advisors Inc. acquired a new position in shares of D-Wave Quantum during the 4th quarter worth approximately $31,000. Finally, Ancora Advisors LLC bought a new stake in D-Wave Quantum in the 3rd quarter valued at $30,000. Institutional investors own 42.47% of the company’s stock.

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.