D-Wave Quantum (NASDAQ:QBTS) Shares Down 7.9% – What’s Next?

Shares of D-Wave Quantum Inc. (NASDAQ:QBTS) were down 7.9% on Friday. The stock traded as low as $10.23 and last traded at $10.65. Approximately 18,530,258 shares traded hands during mid-day trading, a decline of 28% from the average session volume of 25,689,125 shares. The stock had previously closed at $11.56.

Key D-Wave Quantum News

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

• Positive Sentiment: D-Wave continues to receive favorable attention from growth-oriented investors as a pure-play quantum-computing company. Commentary has highlighted its quantum-powered optimization tools and the broader sector’s long-term potential. 3 Quantum Computing Stocks to Buy Before They Soar in 2027
• Positive Sentiment: Quantum-computing coverage also identifies D-Wave as a company investors should monitor, although the sector’s long-term opportunity remains speculative and dependent on commercial adoption and revenue growth. 5 Quantum Computing Stocks Investors Should Be Watching in 2027
• Neutral Sentiment: Several firms reminded investors that December 15, 2026 is the deadline to seek appointment as lead plaintiff in the pending federal securities class action; one notice cited December 14. These releases mainly repeat procedural information and do not represent new operating developments. Investor Deadline Notice
• Negative Sentiment: Multiple law firms, including Pomerantz, Robbins Geller, Kaplan Fox, Rosen and others, are soliciting investors who purchased QBTS shares between February 26 and August 25, 2026. The suits allege that D-Wave and certain executives made materially false or misleading statements and failed to disclose important information. The allegations have not been proven in court. Howard G. Smith Class Action Notice
• Negative Sentiment: The litigation centers partly on D-Wave’s second-quarter revenue of $3.08 million, which was roughly 24% below analyst expectations of about $4.03 million. The earnings shortfall and continued losses raise concerns about the company’s revenue trajectory and support the stock’s recent decline. SueWallSt QBTS Deadline Notice
• Negative Sentiment: Analysts and financial commentary have questioned QBTS’s valuation relative to its limited revenue, emphasizing that quantum-computing companies are trading well ahead of current fundamentals. This leaves the stock particularly vulnerable to disappointing results or adverse legal developments. D-Wave Quantum Valuation Commentary

Analysts Set New Price Targets

A number of analysts have recently commented on QBTS shares. BMO Capital Markets initiated coverage on D-Wave Quantum in a research note on Thursday, August 20th. They issued an “outperform” rating and a $35.00 price objective on the stock. 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 reissued a “buy” rating and issued a $43.00 price target on shares of D-Wave Quantum in a research note on Friday, August 7th. Wall Street Zen raised D-Wave Quantum from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 8th. Finally, Zacks Research cut D-Wave Quantum from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 18th. Thirteen investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $36.27.

D-Wave Quantum Trading Down 7.9%

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 company has a market capitalization of $3.94 billion, a price-to-earnings ratio of -15.00 and a beta of 2.18. The business’s 50-day simple moving average is $15.61 and its 200-day simple moving average is $19.47.

D-Wave Quantum (NASDAQ:QBTS) last issued its quarterly earnings data 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). The business had revenue of $3.08 million during the quarter, compared to analyst estimates of $4.03 million. D-Wave Quantum had a negative net margin of 2,001.59% and a negative return on equity of 26.67%. D-Wave Quantum’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 firm posted ($0.08) earnings per share. On average, research analysts expect 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 have recently added to or reduced their stakes in the company. Integrity Alliance LLC. bought a new position in D-Wave Quantum in the 3rd quarter valued at approximately $272,000. bLong Financial LLC boosted its holdings in D-Wave Quantum by 6.2% in the third quarter. bLong Financial LLC now owns 28,454 shares of the company’s stock worth $471,000 after acquiring an additional 1,661 shares in the last quarter. International Assets Investment Management LLC boosted its stake in D-Wave Quantum by 158.1% during the 3rd quarter. International Assets Investment Management LLC now owns 40,000 shares of the company’s stock valued at $663,000 after purchasing an additional 24,502 shares during the last quarter. Choreo LLC boosted its holdings in D-Wave Quantum by 21.9% during the 3rd quarter. Choreo LLC now owns 20,615 shares of the company’s stock worth $342,000 after acquiring an additional 3,705 shares during the last quarter. Finally, Latitude Advisors LLC purchased a new stake in shares of D-Wave Quantum during the third quarter valued at approximately $38,000. 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.