D-Wave Quantum (NYSE:QBTS) Sees Unusually-High Trading Volume – Time to Buy?

D-Wave Quantum Inc. (NYSE:QBTS) saw strong trading volume on Friday . 30,654,341 shares were traded during mid-day trading, an increase of 1% from the previous session’s volume of 30,223,307 shares.The stock last traded at $29.1530 and had previously closed at $25.74.

Key D-Wave Quantum News

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

• Positive Sentiment: D-Wave is among the quantum companies benefiting from a reported Trump administration plan to provide $2 billion in funding across the sector, including $100 million for D-Wave, which has lifted optimism around future commercialization and scale. Article Title
• Positive Sentiment: The company signed a letter of intent with the U.S. Department of Commerce for proposed CHIPS Act funding, reinforcing expectations that D-Wave could receive meaningful government support to accelerate development. Article Title
• Positive Sentiment: Sector-wide momentum has spilled into QBTS as investors pile into quantum computing stocks on reports of federal equity stakes and strategic support for the industry. Article Title
• Neutral Sentiment: Heavy call-option buying suggests strong speculative interest in QBTS, but it does not by itself change the company’s fundamentals.
• Negative Sentiment: VP Sophie Ames sold shares under a pre-arranged 10b5-1 plan, which is a mild sentiment headwind even though the transaction appears routine. Article Title

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Mizuho decreased their price target on shares of D-Wave Quantum from $31.00 to $29.00 and set an “outperform” rating for the company in a research report on Wednesday, May 13th. Rosenblatt Securities reissued a “buy” rating and issued a $43.00 price target on shares of D-Wave Quantum in a research report on Wednesday, May 13th. Northland Securities assumed coverage on shares of D-Wave Quantum in a research report on Monday, April 20th. They issued a “market perform” rating and a $22.00 price target for the company. Weiss Ratings cut shares of D-Wave Quantum from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, April 29th. Finally, Benchmark reissued a “buy” rating and issued a $35.00 price target on shares of D-Wave Quantum in a research report on Friday, January 23rd. Fourteen analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $34.67.

D-Wave Quantum Trading Up 19.4%

The firm has a market capitalization of $11.37 billion, a PE ratio of -27.21 and a beta of 1.95. The company’s 50-day moving average price is $18.20 and its 200-day moving average price is $22.16. The company has a debt-to-equity ratio of 0.03, a quick ratio of 21.31 and a current ratio of 21.41.

D-Wave Quantum (NYSE:QBTS) last released its quarterly earnings data on Tuesday, May 12th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.03. The business had revenue of $2.86 million during the quarter, compared to analysts’ expectations 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 company’s revenue for the quarter was down 80.9% on a year-over-year basis. During the same period in the previous year, the company earned ($0.02) EPS. On average, sell-side analysts expect that D-Wave Quantum Inc. will post -0.44 earnings per share for the current year.

Insider Activity

In other news, VP Sophie C. Ames sold 23,025 shares of D-Wave Quantum stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $18.98, for a total transaction of $437,014.50. Following the completion of the sale, the vice president directly owned 596,803 shares of the company’s stock, valued at approximately $11,327,320.94. The trade was a 3.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO John M. Markovich sold 10,706 shares of D-Wave Quantum stock in a transaction on Friday, March 13th. The stock was sold at an average price of $17.63, for a total transaction of $188,746.78. Following the sale, the chief financial officer directly owned 1,451,427 shares of the company’s stock, valued at approximately $25,588,658.01. This trade represents a 0.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 54,801 shares of company stock valued at $1,011,586 in the last 90 days. Company insiders own 3.20% of the company’s stock.

Institutional Investors Weigh In On D-Wave Quantum

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Huntington National Bank raised its stake in D-Wave Quantum by 17.9% during the 3rd quarter. Huntington National Bank now owns 3,300 shares of the company’s stock worth $82,000 after acquiring an additional 500 shares in the last quarter. Sigma Planning Corp raised its stake in D-Wave Quantum by 3.6% during the 4th quarter. Sigma Planning Corp now owns 16,329 shares of the company’s stock worth $431,000 after acquiring an additional 560 shares in the last quarter. AlphaStar Capital Management LLC raised its stake in D-Wave Quantum by 2.2% during the 4th quarter. AlphaStar Capital Management LLC now owns 27,063 shares of the company’s stock worth $708,000 after acquiring an additional 592 shares in the last quarter. Noble Wealth Management PBC raised its stake in D-Wave Quantum by 6.7% during the 4th quarter. Noble Wealth Management PBC now owns 9,600 shares of the company’s stock worth $251,000 after acquiring an additional 600 shares in the last quarter. Finally, Thoroughbred Financial Services LLC raised its stake in D-Wave Quantum by 0.5% during the 4th quarter. Thoroughbred Financial Services LLC now owns 131,852 shares of the company’s stock worth $3,447,000 after acquiring an additional 602 shares in the last quarter. 42.47% of the stock is currently owned by institutional investors and hedge funds.

About D-Wave Quantum

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.