D-Wave Quantum (NASDAQ:QBTS) Stock Falls 3.9% – Here’s Why

D-Wave Quantum Inc. (NASDAQ:QBTS) was down 3.9% during trading on Thursday. The stock traded as low as $11.40 and last traded at $11.63. 13,558,607 shares were traded during mid-day trading, a decline of 48% from the average session volume of 26,074,996 shares. The stock had previously closed at $12.10.

D-Wave Quantum News Roundup

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

• Positive Sentiment: D-Wave’s long-term growth case remains tied to increasing quantum-computing bookings, commercial expansion and the potential for stronger revenue over the next several years. However, the company still generates modest revenue and remains unprofitable. Where Will D-Wave Quantum Stock Be in 5 Years?
• Neutral Sentiment: Several law firms are reminding shareholders that December 15, 2026 is the deadline to seek lead-plaintiff status in a federal securities class action covering investors who purchased QBTS shares between February 26 and August 25, 2026. These announcements are largely procedural and repeat the same underlying lawsuit. QBTS Investor Deadline
• Negative Sentiment: A securities-fraud class action has been filed against D-Wave and certain executives, alleging material misstatements or omissions about the company’s financial and operational prospects. The allegations have not been proven, but the litigation adds reputational, legal-cost and potential-liability risks. Investor Deadline Alert
• Negative Sentiment: Investor commentary also characterizes QBTS as heavily valued relative to its current revenue and warns that quantum computing may take years to achieve broad commercial viability. That combination of high expectations, ongoing losses and uncertain timing is weighing on the stock’s risk-reward profile. D-Wave Quantum Carries a Heavy Valuation

Wall Street Analyst Weigh In

QBTS has been the topic of several analyst reports. Roth Capital reaffirmed a “buy” rating and set a $30.00 price target on shares of D-Wave Quantum in a research report on Thursday, August 6th. 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. BMO Capital Markets initiated coverage on shares of D-Wave Quantum in a research note on Thursday, August 20th. They set an “outperform” rating and a $35.00 target price for the company. Canaccord Genuity Group set a $35.00 target price on shares of D-Wave Quantum in a report on Thursday, August 6th. Finally, Weiss Ratings upgraded shares of D-Wave Quantum from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, August 28th. Thirteen research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $36.27.

D-Wave Quantum Stock Performance

The firm has a market capitalization of $4.31 billion, a price-to-earnings ratio of -16.42 and a beta of 2.18. The company has a fifty day moving average of $16.19 and a two-hundred day moving average of $19.57. The company has a debt-to-equity ratio of 0.03, a quick ratio of 20.42 and a current ratio of 20.55.

D-Wave Quantum (NASDAQ:QBTS) last released its quarterly earnings results on Thursday, August 6th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.02). D-Wave Quantum had a negative net margin of 2,001.59% and a negative return on equity of 26.67%. The firm had revenue of $3.08 million during the quarter, compared to the consensus estimate of $4.03 million. During the same quarter last year, the firm earned ($0.08) earnings per share. The business’s revenue for the quarter was down 0.6 compared to the same quarter last year. As a group, equities research analysts predict that D-Wave Quantum Inc. will post -0.46 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of QBTS. CoreCap Advisors LLC grew its stake in shares of D-Wave Quantum by 9.2% during the second quarter. CoreCap Advisors LLC now owns 6,115 shares of the company’s stock worth $147,000 after buying an additional 515 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of D-Wave Quantum by 21.7% during the third quarter. GAMMA Investing LLC now owns 3,922 shares of the company’s stock worth $65,000 after buying an additional 698 shares in the last quarter. Private Advisor Group LLC increased its holdings in shares of D-Wave Quantum by 2.4% during the first quarter. Private Advisor Group LLC now owns 33,341 shares of the company’s stock worth $481,000 after buying an additional 781 shares in the last quarter. Fiduciary Financial Advisors bought a new position in shares of D-Wave Quantum in the 2nd quarter valued at $25,000. Finally, Strengthening Families & Communities LLC lifted its stake in shares of D-Wave Quantum by 72.6% in the 3rd quarter. Strengthening Families & Communities LLC now owns 2,473 shares of the company’s stock valued at $41,000 after acquiring an additional 1,040 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 (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.