D-Wave Quantum (NYSE:QBTS) Trading Up 20.4% – Time to Buy?

D-Wave Quantum Inc. (NYSE:QBTS) shares traded up 20.4% during trading on Monday . The stock traded as high as $19.54 and last traded at $19.51. 48,169,823 shares traded hands during mid-day trading, an increase of 58% from the average session volume of 30,392,904 shares. The stock had previously closed at $16.21.

Key Headlines Impacting D-Wave Quantum

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

• Positive Sentiment: Expanded AT&T deployment: AT&T agreed to broaden its use of D-Wave’s annealing quantum computers to address complex optimization challenges across its network operations. The deal strengthens D-Wave’s commercial credibility and could create opportunities for additional enterprise applications, although financial terms were not disclosed. AT&T Signs Agreement to Expand Use of D-Wave’s Quantum Computing Technology Across Network Operations
• Positive Sentiment: Industry outlook remains bullish: Benchmark analyst Gary Mobley said the quantum-computing industry could generate approximately $1.5 billion in revenue during 2026 and described D-Wave, IonQ and Rigetti as attractive stocks. The forecast supports the view that the sector may be approaching a commercial “tipping point.” Quantum’s ‘Tipping Point’: Why IonQ, D-Wave, and Rigetti Stocks Are Buys
• Positive Sentiment: Momentum and peer interest: Coverage highlighted improving technical momentum in QBTS, with a sustained move above roughly $19.66 potentially signaling further near-term strength. D-Wave’s announcement also lifted other quantum-computing shares, indicating broader investor enthusiasm. D-Wave stock is soaring and it’s not entirely about AT&T partnership
• Neutral Sentiment: Upcoming earnings remain a catalyst: Investors are looking ahead to D-Wave’s second-quarter results. The AT&T agreement improves sentiment, but the company must demonstrate that partnerships are translating into revenue growth; its latest reported quarter showed sharply lower revenue than the prior year. D-Wave Stock Begins Its “Next Stage of Growth” on Nasdaq as Q2 Earnings Near

Analyst Ratings Changes

QBTS has been the subject of several analyst reports. Stifel Nicolaus set a $35.00 target price on D-Wave Quantum in a report on Tuesday, June 2nd. Zacks Research upgraded D-Wave Quantum from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 20th. Needham & Company LLC reissued a “buy” rating and set a $40.00 price objective on shares of D-Wave Quantum in a research note on Tuesday, June 2nd. Northland Securities began coverage on shares of D-Wave Quantum in a report on Monday, April 20th. They issued a “market perform” rating and a $22.00 target price on the stock. Finally, Mizuho lifted their target price on shares of D-Wave Quantum from $29.00 to $35.00 and gave the stock an “outperform” rating in a research note on Monday, June 15th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, D-Wave Quantum currently has an average rating of “Moderate Buy” and a consensus price target of $36.47.

D-Wave Quantum Trading Up 20.4%

The company has a quick ratio of 21.31, a current ratio of 21.41 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $7.22 billion, a PE ratio of -17.27 and a beta of 2.11. The stock’s fifty day moving average price is $23.00 and its two-hundred day moving average price is $21.24.

D-Wave Quantum (NYSE:QBTS) last announced its quarterly earnings results on Tuesday, May 12th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.03. The company had revenue of $2.86 million for the quarter, compared to the consensus estimate of $4.19 million. D-Wave Quantum had a negative return on equity of 44.06% and a negative net margin of 2,957.23%.D-Wave Quantum’s revenue was down 80.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.02) EPS. Sell-side analysts anticipate that D-Wave Quantum Inc. will post -0.42 earnings per share for the current year.

Insider Activity

In other news, Director John D. Dilullo sold 7,850 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $24.43, for a total transaction of $191,775.50. Following the transaction, the director directly owned 21,310 shares of the company’s stock, valued at approximately $520,603.30. The trade was a 26.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO John M. Markovich sold 328,752 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief financial officer owned 1,442,820 shares of the company’s stock, valued at approximately $39,966,114. This represents a 18.56% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 1,360,772 shares of company stock valued at $35,737,111. 1.30% of the stock is owned by insiders.

Institutional Investors Weigh In On D-Wave Quantum

Institutional investors and hedge funds have recently modified their holdings of the stock. Root Financial Partners LLC boosted its stake 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 purchasing an additional 776 shares in the last quarter. Kemnay Advisory Services Inc. bought a new position in D-Wave Quantum in the fourth quarter worth about $28,000. EverSource Wealth Advisors LLC lifted its holdings in D-Wave Quantum by 267.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,151 shares of the company’s stock worth $30,000 after buying an additional 838 shares during the period. Mcguire Capital Advisors Inc. purchased a new stake in D-Wave Quantum in the fourth quarter worth about $31,000. Finally, Ancora Advisors LLC bought a new stake in D-Wave Quantum during the 3rd quarter valued at approximately $30,000. 42.47% of the stock is owned by hedge funds and other institutional investors.

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.