D-Wave Quantum (NYSE:QBTS) Shares Up 2.2% – What’s Next?

D-Wave Quantum Inc. (NYSE:QBTS) rose 2.2% on Tuesday . The stock traded as high as $26.71 and last traded at $25.02. 48,718,746 shares traded hands during trading, an increase of 50% from the average session volume of 32,431,447 shares. The stock had previously closed at $24.47.

Key D-Wave Quantum News

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

• Positive Sentiment: The Trump administration’s quantum executive orders prioritize federal adoption of quantum solutions and create a clearer procurement path for companies like D-Wave Quantum. D-Wave Quantum (QBTS) Could See New Openings After White House Quantum Orders
• Positive Sentiment: Investors are also reacting to reports that D-Wave unveiled a major quantum breakthrough, which could support the view that demand for its offerings is improving. D-Wave Just Unveiled a Major Quantum Breakthrough. QBTS Stock Looks Ready for Another Surge.
• Positive Sentiment: Another article highlighted D-Wave’s push beyond quantum annealing into broader quantum-computing capabilities, which may expand its addressable market over time. D-Wave Pushes Beyond Quantum Annealing. Is QBTS Stock Worth Buying Now?
• Neutral Sentiment: Coverage on D-Wave’s new simulator suggests a potentially useful product development, but it also notes the company may still be catching up to peers. How Does D-Wave’s New Simulator Change the Quantum Computing Landscape?
• Neutral Sentiment: Broader quantum-computing stocks are rising alongside QBTS, reflecting sector-wide enthusiasm after the executive orders rather than D-Wave-specific fundamentals alone. Quantum Computing Stocks Gain On Trump Executive Orders, 2028 Target

Wall Street Analyst Weigh In

Several brokerages recently commented on QBTS. Northland Securities initiated coverage on D-Wave Quantum in a report on Monday, April 20th. They issued a “market perform” rating and a $22.00 price objective for the company. Roth Mkm raised their target price on D-Wave Quantum from $30.00 to $40.00 and gave the stock a “buy” rating in a research report on Tuesday, June 2nd. Jefferies Financial Group restated a “buy” rating on shares of D-Wave Quantum in a research note on Tuesday, May 12th. B. Riley Financial upped their price target on shares of D-Wave Quantum from $36.00 to $40.00 and gave the company a “buy” rating in a research report on Tuesday, June 2nd. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $43.00 price objective on shares of D-Wave Quantum in a report on Thursday, June 11th. Fourteen investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $36.80.

D-Wave Quantum Trading Up 2.2%

The company has a market capitalization of $9.26 billion, a P/E ratio of -22.14 and a beta of 2.05. The company has a debt-to-equity ratio of 0.03, a quick ratio of 21.31 and a current ratio of 21.41. The stock has a fifty day moving average of $22.95 and a 200 day moving average of $22.36.

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

Insider Activity at D-Wave Quantum

In other news, Director John D. Dilullo sold 7,850 shares of the stock in a transaction on Friday, June 5th. The shares were sold at an average price of $24.43, for a total value of $191,775.50. Following the completion of the sale, the director directly owned 21,310 shares of the company’s stock, valued at $520,603.30. This represents a 26.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Rohit Ghai sold 13,518 shares of the firm’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $26.41, for a total transaction of $357,010.38. Following the sale, the director owned 23,617 shares in the company, valued at $623,724.97. The trade was a 36.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 1,363,842 shares of company stock worth $35,802,656 in the last 90 days. Insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On D-Wave Quantum

Several large investors have recently made changes to their positions in QBTS. Baird Financial Group Inc. lifted its holdings in D-Wave Quantum by 12.0% in the 1st quarter. Baird Financial Group Inc. now owns 12,135 shares of the company’s stock worth $92,000 after purchasing an additional 1,300 shares in the last quarter. Royal Bank of Canada lifted its holdings in shares of D-Wave Quantum by 59.8% in the first quarter. Royal Bank of Canada now owns 162,088 shares of the company’s stock worth $1,231,000 after buying an additional 60,668 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of D-Wave Quantum by 201.0% in the first quarter. AQR Capital Management LLC now owns 200,765 shares of the company’s stock worth $1,526,000 after buying an additional 134,066 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of D-Wave Quantum by 93.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 108,572 shares of the company’s stock worth $825,000 after acquiring an additional 52,437 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its position in shares of D-Wave Quantum by 125.7% during the first quarter. NewEdge Advisors LLC now owns 43,786 shares of the company’s stock worth $333,000 after acquiring an additional 24,382 shares during the last quarter. 42.47% of the stock is currently owned by hedge funds and other institutional investors.

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.