D-Wave Quantum (NYSE:QBTS) Stock Price Up 4.7% – Time to Buy?

D-Wave Quantum Inc. (NYSE:QBTS) shares were up 4.7% during trading on Monday . The company traded as high as $24.26 and last traded at $23.8410. Approximately 22,713,824 shares were traded during trading, a decline of 30% from the average session volume of 32,253,514 shares. The stock had previously closed at $22.76.

Key D-Wave Quantum News

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

• Positive Sentiment: D-Wave secured an NSF grant of about $1.5 million to support fault-tolerant quantum computing research, adding another federal funding win and signaling continued government support. D-Wave Secures NSF Grant for Yale University-Led ERASE Initiative
• Positive Sentiment: The grant strengthens D-Wave’s credibility in the quantum computing race by tying it to a Yale-led initiative and the NSF’s National Quantum Virtual Laboratory program. Is D-Wave’s Dip an Opportunity or Red Flag?
• Neutral Sentiment: Broader sector coverage notes that quantum-computing companies still face limited revenue and ongoing cash burn, which keeps investors focused on long-term execution rather than near-term fundamentals. Quantum Computing’s Cash Crisis: Which Players Can Actually Survive the Long Game?
• Negative Sentiment: Some articles warn that quantum stocks remain richly valued and highly speculative, which can pressure sentiment even when company-specific news is positive. The Quantum Bubble Is Real Enough to Take Seriously

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on QBTS shares. Mizuho increased their target price on D-Wave Quantum from $29.00 to $35.00 and gave the company an “outperform” rating in a research note on Monday, June 15th. Weiss Ratings raised D-Wave Quantum from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, June 23rd. Roth Mkm upped their price target on D-Wave Quantum from $30.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, June 2nd. Jefferies Financial Group reaffirmed a “buy” rating on shares of D-Wave Quantum in a research report on Tuesday, May 12th. Finally, Northland Securities assumed coverage on shares of D-Wave Quantum in a research note on Monday, April 20th. They set a “market perform” rating and a $22.00 price objective on the stock. Fourteen equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, D-Wave Quantum presently has an average rating of “Moderate Buy” and a consensus price target of $36.80.

D-Wave Quantum Stock Performance

The company has a market capitalization of $8.66 billion, a price-to-earnings ratio of -20.69 and a beta of 2.05. 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 has a 50-day simple moving average of $23.55 and a 200-day simple moving average of $22.19.

D-Wave Quantum (NYSE:QBTS) last released its quarterly earnings results on Tuesday, May 12th. The company reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.03. The business had revenue of $2.86 million during the quarter, compared to the consensus estimate of $4.19 million. D-Wave Quantum had a negative net margin of 2,957.23% and a negative return on equity of 44.06%. The business’s quarterly revenue was down 80.9% compared to the same quarter last year. During the same quarter last year, the company earned ($0.02) earnings per share. On average, analysts anticipate that D-Wave Quantum Inc. will post -0.43 earnings per share for the current year.

Insider Activity at D-Wave Quantum

In related news, CEO Alan E. Baratz sold 687,627 shares of D-Wave Quantum stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $26.13, for a total value of $17,967,693.51. Following the completion of the transaction, the chief executive officer directly owned 3,299,771 shares in the company, valued at approximately $86,223,016.23. This trade represents a 17.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO John M. Markovich sold 328,752 shares of the business’s 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 sale, the chief financial officer directly owned 1,442,820 shares of the company’s stock, valued at approximately $39,966,114. This represents a 18.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 1,363,842 shares of company stock worth $35,802,656 over the last 90 days. Company insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Root Financial Partners LLC raised its position in shares of D-Wave Quantum by 388.0% during the 4th quarter. Root Financial Partners LLC now owns 976 shares of the company’s stock valued at $26,000 after acquiring an additional 776 shares in the last quarter. Parallel Advisors LLC boosted its holdings in D-Wave Quantum by 545.5% in the first quarter. Parallel Advisors LLC now owns 1,788 shares of the company’s stock worth $26,000 after purchasing an additional 1,511 shares during the period. Kemnay Advisory Services Inc. acquired a new position in D-Wave Quantum in the fourth quarter worth $28,000. PeakShares LLC bought a new stake in D-Wave Quantum during the first quarter valued at $29,000. Finally, EverSource Wealth Advisors LLC increased its stake in D-Wave Quantum by 267.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,151 shares of the company’s stock valued at $30,000 after purchasing an additional 838 shares during the last quarter. Institutional investors and hedge funds 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.