D-Wave Quantum (NASDAQ:QBTS) Stock Price Down 4.3% – Time to Sell?

D-Wave Quantum Inc. (NASDAQ:QBTS)’s share price fell 4.3% during mid-day trading on Wednesday. The stock traded as low as $16.75 and last traded at $16.81. Approximately 28,432,659 shares changed hands during trading, an increase of 4% from the average session volume of 27,326,939 shares. The stock had previously closed at $17.56.

Key D-Wave Quantum News

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

• Positive Sentiment: D-Wave and CGI announced a strategic partnership to help enterprise customers test and deploy quantum-computing applications. CGI will incorporate D-Wave’s Advantage2 system and hybrid solvers into services for logistics, transportation, retail and other industries, supporting D-Wave’s shift from research toward commercial use cases. D-Wave Quantum and CGI Partner to Bring Advantage2 to Enterprise Clients
• Positive Sentiment: The CGI announcement helped drive renewed buying in QBTS, while quantum stocks broadly rebounded as investors assessed recent technical advances and commercialization efforts across the industry. IonQ Rises as Post-Breakthrough Buying Continues
• Positive Sentiment: D-Wave’s broader expansion includes up to $100 million in CHIPS funding, production deployments and additional commercial partnerships, potentially improving its ability to scale quantum-computing products. Here’s How QBTS Deepens Quantum Push With Funding and New Deals
• Neutral Sentiment: QBTS shares gapped higher in the latest session after the recent rebound, but commentary highlighted ongoing valuation concerns, interest-rate sensitivity and the difficulty of converting quantum breakthroughs into sustained revenue. D-Wave Quantum Shares Gap Up – What’s Next?
• Negative Sentiment: Pomerantz LLP said it is investigating potential claims on behalf of D-Wave investors. The announcement does not establish wrongdoing, but securities investigations can create reputational and legal-risk concerns. Pomerantz Investor Alert
• Negative Sentiment: The stock previously weakened after D-Wave disclosed that acting CFO Gregory Golkov received a $550,000 equity award, which raised questions about executive compensation and contributed to selling pressure. QBTS Stock Drops as D-Wave Discloses Acting CFO Equity Award

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on QBTS. Wall Street Zen upgraded shares of D-Wave Quantum from a “strong sell” rating to a “sell” rating in a report on Saturday, August 8th. Needham & Company LLC restated a “buy” rating and issued a $40.00 price objective on shares of D-Wave Quantum in a research report on Tuesday, June 2nd. Wedbush started coverage on shares of D-Wave Quantum in a research report on Monday, August 3rd. They issued an “outperform” rating and a $40.00 price objective for the company. Jefferies Financial Group set a $40.00 price objective on D-Wave Quantum in a research note on Friday, August 7th. Finally, Weiss Ratings upgraded D-Wave Quantum from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, August 28th. Thirteen 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $36.27.

D-Wave Quantum Price Performance

The company’s fifty day moving average price is $18.19 and its two-hundred day moving average price is $19.88. The company has a quick ratio of 20.42, a current ratio of 20.55 and a debt-to-equity ratio of 0.03. The company has a market cap of $6.45 billion, a price-to-earnings ratio of -24.57 and a beta of 2.15.

D-Wave Quantum (NASDAQ:QBTS) last issued its quarterly earnings data on Thursday, August 6th. The company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.02). The company had revenue of $3.08 million for the quarter, compared to analyst estimates of $4.03 million. D-Wave Quantum had a negative return on equity of 26.67% and a negative net margin of 2,001.59%.The company’s revenue was down 0.6 on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.08) earnings per share. On average, equities research analysts forecast that D-Wave Quantum Inc. will post -0.46 EPS for the current fiscal year.

Insider Buying and Selling at D-Wave Quantum

In related news, VP Sophie Ames sold 3,070 shares of the stock in a transaction dated Monday, July 20th. The stock was sold at an average price of $16.95, for a total transaction of $52,036.50. Following the completion of the transaction, the vice president directly owned 589,009 shares in the company, valued at approximately $9,983,702.55. This trade represents a 0.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On D-Wave Quantum

Large investors have recently bought and sold shares of the company. BlackRock Inc. acquired a new position in D-Wave Quantum during the second quarter worth $795,206,000. Geode Capital Management LLC lifted its position in D-Wave Quantum by 11.5% during the 4th quarter. Geode Capital Management LLC now owns 8,394,726 shares of the company’s stock worth $220,085,000 after buying an additional 866,405 shares in the last quarter. Clear Street Group Inc. boosted its stake in shares of D-Wave Quantum by 40.4% during the 4th quarter. Clear Street Group Inc. now owns 4,281,254 shares of the company’s stock worth $111,955,000 after buying an additional 1,232,106 shares during the last quarter. Bank of America Corp DE bought a new position in shares of D-Wave Quantum in the 2nd quarter valued at about $104,183,000. Finally, Goldman Sachs Group Inc. increased its position in shares of D-Wave Quantum by 311.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,548,013 shares of the company’s stock valued at $92,781,000 after acquiring an additional 2,685,980 shares during the last quarter. Institutional investors and hedge funds own 42.47% of the company’s stock.

About D-Wave Quantum

D-Wave Quantum Inc develops quantum computing systems, software, and services for commercial, government, and research customers. The company is best known for its quantum annealing technology, which is designed to help solve complex optimization problems involving areas such as logistics, scheduling, manufacturing, artificial intelligence, and financial modeling.

D-Wave also develops gate-model quantum computing technology and provides access to its systems through cloud-based services, including the Leap quantum application environment.