D-Wave Quantum (NASDAQ:QBTS) Shares Down 3.9% – Time to Sell?

Shares of D-Wave Quantum Inc. (NASDAQ:QBTS) traded down 3.9% during trading on Thursday. The company traded as low as $11.40 and last traded at $11.63. Approximately 13,558,607 shares traded hands during mid-day trading, a decline of 48% from the average daily volume of 26,074,996 shares. The stock had previously closed at $12.10.

Key D-Wave Quantum News

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

• Positive Sentiment: D-Wave’s European expansion remains a potential catalyst. The company is advancing deployment of its Advantage2 system, including a reported €10 million VoltaB1 system deal in Italy, and has renewed a multiyear semiconductor-manufacturing agreement with SkyWater Technology. Is Italy System Deployment Altering The Investment Case For D Wave Quantum?
• Positive Sentiment: Some coverage points to growing bookings and the potential for stronger sales if D-Wave completes two planned fourth-quarter annealing-computer shipments and moves more cloud customers into production use. Where Will D-Wave Quantum Stock Be in 5 Years?
• Neutral Sentiment: Analysts and financial commentators continue to describe QBTS as a highly speculative long-term investment: quantum computing could eventually create substantial growth, but commercial adoption may take years. The company currently has modest revenue and continues to report substantial losses. Forget the Anthropic IPO. Here Are 6 Stocks Worth Watching.
• Negative Sentiment: Multiple law firms publicized an existing federal securities class action against D-Wave and certain officers. The complaints allege that the company overstated its business, financial prospects, and growth momentum, with allegations tied to an August 25 disclosure, a revenue shortfall, and a CFO departure. Investors who purchased shares from approximately February 26 or 27 through August 25, 2026, may seek lead-plaintiff status by December 15, 2026. The allegations have not been proven. Pomerantz Class Action Announcement
• Negative Sentiment: The litigation publicity is likely weighing on investor sentiment by raising potential financial costs, management distraction, and uncertainty over the accuracy of prior growth claims. It also reinforces concerns about QBTS’s premium valuation despite ongoing losses and limited current revenue.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on QBTS. Wedbush assumed coverage on D-Wave Quantum in a research report on Monday, August 3rd. They set an “outperform” rating and a $40.00 price target on the stock. BMO Capital Markets initiated coverage on shares of D-Wave Quantum in a research report on Thursday, August 20th. They set an “outperform” rating and a $35.00 price target for the company. Wall Street Zen raised shares of D-Wave Quantum from a “strong sell” rating to a “sell” rating in a report on Saturday, August 8th. Benchmark initiated coverage on shares of D-Wave Quantum in a research report on Monday, July 27th. They issued a “buy” rating and a $30.00 price objective on the stock. Finally, Zacks Research lowered shares of D-Wave Quantum from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 18th. Thirteen equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $36.27.

D-Wave Quantum Price Performance

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 firm has a market capitalization of $4.30 billion, a P/E ratio of -16.38 and a beta of 2.18. The business has a fifty day moving average of $16.39 and a 200-day moving average of $19.63.

D-Wave Quantum (NASDAQ:QBTS) last announced its earnings results on Thursday, August 6th. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.02). The business had revenue of $3.08 million for the quarter, compared to the consensus estimate 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%. The firm’s revenue was down 0.6 on a year-over-year basis. During the same period in the previous year, the firm earned ($0.08) EPS. On average, sell-side analysts forecast that D-Wave Quantum Inc. will post -0.46 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. CoreCap Advisors LLC raised its stake in shares of D-Wave Quantum by 9.2% during the second quarter. CoreCap Advisors LLC now owns 6,115 shares of the company’s stock valued at $147,000 after purchasing an additional 515 shares in the last quarter. Presilium Private Wealth LLC grew its position in D-Wave Quantum by 6.9% in the 1st quarter. Presilium Private Wealth LLC now owns 10,657 shares of the company’s stock valued at $154,000 after buying an additional 687 shares in the last quarter. GAMMA Investing LLC grew its position in D-Wave Quantum by 21.7% in the 3rd quarter. GAMMA Investing LLC now owns 3,922 shares of the company’s stock valued at $65,000 after buying an additional 698 shares in the last quarter. Private Advisor Group LLC increased its stake in D-Wave Quantum by 2.4% during the 1st quarter. Private Advisor Group LLC now owns 33,341 shares of the company’s stock valued at $481,000 after buying an additional 781 shares during the period. Finally, Fiduciary Financial Advisors acquired a new position in D-Wave Quantum during the 2nd quarter valued at about $25,000. 42.47% of the stock is owned by institutional investors and hedge funds.

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.