D-Wave Quantum (NASDAQ:QBTS) Shares Up 6.6% – Here’s What Happened

D-Wave Quantum Inc. (NASDAQ:QBTS) shares were up 6.6% during mid-day trading on Thursday. The stock traded as high as $12.87 and last traded at $12.82. 23,250,541 shares were traded during mid-day trading, a decline of 12% from the average session volume of 26,382,631 shares. The stock had previously closed at $12.03.

D-Wave Quantum News Summary

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

• Positive Sentiment: International deployment strengthens commercial credibility. D-Wave announced that its Advantage2 annealing quantum computer has arrived in Como, Italy, for installation at Villa Saporiti. Funded by Swiss Quantum Technology SA, the system is described as Italy’s first annealing quantum computer and could expand D-Wave’s presence in European research and business applications. D-Wave Delivers Italy’s First Annealing Quantum Computer
• Positive Sentiment: Multi-year chip manufacturing agreement provides supply-chain visibility. D-Wave and SkyWater Technology extended their quantum manufacturing partnership, securing continued access to specialized semiconductor fabrication for D-Wave’s superconducting processors. The agreement also includes applying D-Wave’s technology to improve SkyWater’s manufacturing operations and adds intellectual-property protection. D-Wave Quantum, SkyWater Extend Quantum Chip Manufacturing Partnership to Include IP Protection
• Positive Sentiment: Quantum stocks are rebounding after the prior day’s dilution-driven selloff. D-Wave advanced alongside IonQ and Rigetti as investors reassessed the sector following IonQ’s proposed equity offering. The move appears partly sentiment-driven rather than based on a new QBTS financial result. Quantum Computing Stocks Rebound After Dilution Scare
• Neutral Sentiment: Articles highlighting D-Wave as a potentially attractive long-term quantum-computing investment emphasize its annealing-focused strategy, but they are largely speculative and do not provide new operating or earnings data. Could Investing $5,000 in D-Wave Quantum Stock Today Make You a Millionaire?
• Negative Sentiment: Valuation and dilution concerns continue to weigh on the group. Commentary argues QBTS may be stretched after a roughly 13-fold three-year run, while IonQ’s large equity offering triggered selling across quantum stocks. That raises concerns about high expectations and potential future share dilution. IonQ Falls as Equity Offering Pressures Quantum Stocks
• Negative Sentiment: A securities-law firm is seeking QBTS investors in connection with a potential investigation. The notice does not establish wrongdoing, but it could create headline and legal overhang. QBTS Investor Legal Notice

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Wedbush started coverage on D-Wave Quantum in a research note on Monday, August 3rd. They set an “outperform” rating and a $40.00 price target for the company. Roth Capital restated a “buy” rating and issued a $30.00 price objective on shares of D-Wave Quantum in a research note on Thursday, August 6th. Weiss Ratings upgraded D-Wave Quantum from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, August 28th. Rosenblatt Securities reaffirmed a “buy” rating and set a $43.00 price objective on shares of D-Wave Quantum in a report on Friday, August 7th. Finally, Canaccord Genuity Group set a $35.00 price objective on shares of D-Wave Quantum in a report on Thursday, August 6th. Thirteen analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $36.27.

D-Wave Quantum Price Performance

The firm has a market cap of $4.74 billion, a P/E ratio of -18.04 and a beta of 2.18. The business’s fifty day simple moving average is $17.39 and its 200-day simple moving average is $19.71. The company has a current ratio of 20.55, a quick ratio of 20.42 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) 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 company had revenue of $3.08 million during the quarter, compared to the consensus estimate of $4.03 million. During the same period in the previous year, the business earned ($0.08) earnings per share. D-Wave Quantum’s revenue was down 0.6 on a year-over-year basis. As a group, analysts forecast that D-Wave Quantum Inc. will post -0.46 EPS for the current fiscal year.

Insider Activity

In related 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 sale, the vice president owned 589,009 shares of the company’s stock, valued at approximately $9,983,702.55. This represents a 0.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Burr Financial Services LLC purchased a new stake in shares of D-Wave Quantum in the third quarter worth about $6,343,000. Allspring Global Investments Holdings LLC boosted its position in shares of D-Wave Quantum by 319.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 98,747 shares of the company’s stock valued at $1,353,000 after acquiring an additional 75,198 shares during the period. The Manufacturers Life Insurance Company grew its stake in D-Wave Quantum by 64.7% during the first quarter. The Manufacturers Life Insurance Company now owns 183,481 shares of the company’s stock valued at $2,648,000 after acquiring an additional 72,100 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in D-Wave Quantum by 289.4% during the first quarter. Dimensional Fund Advisors LP now owns 143,064 shares of the company’s stock valued at $2,064,000 after acquiring an additional 106,324 shares in the last quarter. Finally, Citizens Financial Group Inc. RI purchased a new position in D-Wave Quantum during the second quarter valued at approximately $1,945,000. Hedge funds and other institutional investors own 42.47% of the company’s stock.

D-Wave Quantum Company Profile

D-Wave Quantum Inc is a quantum-computing company that develops and delivers quantum systems, software and cloud-based services for commercial, government and research customers. The company focuses on quantum annealing, an approach designed to address complex optimization problems, and is also developing gate-model quantum-computing capabilities.

Its offerings include D-Wave quantum computers, the Leap quantum cloud service, and the Ocean software development kit. Through these products, customers can access quantum hardware, build and test applications, and combine quantum processing with classical computing through hybrid solvers.