D-Wave Quantum (NYSE:QBTS) Trading 33.5% Higher – What’s Next?

D-Wave Quantum Inc. (NYSE:QBTS)’s share price was up 33.5% on Thursday . The stock traded as high as $25.83 and last traded at $25.7710. Approximately 113,564,077 shares changed hands during trading, an increase of 275% from the average daily volume of 30,279,285 shares. The stock had previously closed at $19.30.

D-Wave Quantum News Summary

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

• Positive Sentiment: The biggest driver for QBTS is the reported U.S. government support for quantum computing, including a proposed $100 million CHIPS Act funding package for D-Wave, which investors view as a major validation of the company’s technology and growth prospects. Article Title
• Positive Sentiment: Broader headlines that the Trump administration is committing $2 billion to quantum firms have lifted the entire group, including D-Wave, as traders bet federal money could accelerate commercialization and industry adoption. Article Title
• Positive Sentiment: Quantum stocks continued to rally across the sector, with D-Wave included in a broader move that added billions in market value, reinforcing momentum-driven buying in QBTS. Article Title
• Neutral Sentiment: Trading activity has also been elevated, with unusually heavy call-option buying suggesting speculation remains strong, but this is more a sign of interest than a clear fundamental catalyst.
• Negative Sentiment: A vice president sold shares under a pre-arranged 10b5-1 plan, which may slightly weigh on sentiment even though the transaction does not necessarily signal concern about the business. Article Title

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Canaccord Genuity Group reduced their price objective on D-Wave Quantum from $43.00 to $41.00 and set a “buy” rating for the company in a research note on Wednesday, May 13th. Rosenblatt Securities reiterated a “buy” rating and issued a $43.00 price target on shares of D-Wave Quantum in a report on Wednesday, May 13th. TD Cowen assumed coverage on shares of D-Wave Quantum in a research report on Thursday, February 12th. They set a “buy” rating for the company. Cantor Fitzgerald restated an “overweight” rating and set a $40.00 price objective on shares of D-Wave Quantum in a research note on Wednesday, May 13th. Finally, Benchmark reaffirmed a “buy” rating and issued a $35.00 price objective on shares of D-Wave Quantum in a report on Friday, January 23rd. Fourteen equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, D-Wave Quantum has an average rating of “Moderate Buy” and an average price target of $34.67.

D-Wave Quantum Stock Up 13.2%

The business has a 50-day moving average price of $18.40 and a 200-day moving average price of $22.21. The stock has a market cap of $10.78 billion, a PE ratio of -25.78 and a beta of 1.95. The company has a current ratio of 21.41, a quick ratio of 21.31 and a debt-to-equity ratio of 0.03.

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 the consensus estimate of ($0.08) by $0.03. The company had revenue of $2.86 million during the quarter, compared to analyst estimates 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 firm’s revenue was down 80.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.02) EPS. As a group, analysts forecast that D-Wave Quantum Inc. will post -0.44 earnings per share for the current year.

Insider Activity at D-Wave Quantum

In related news, CFO John M. Markovich sold 10,706 shares of the company’s stock in a transaction dated Friday, March 13th. The shares were sold at an average price of $17.63, for a total transaction of $188,746.78. Following the completion of the transaction, the chief financial officer owned 1,451,427 shares in the company, valued at $25,588,658.01. This represents a 0.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Rohit Ghai sold 10,000 shares of the firm’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $17.62, for a total transaction of $176,200.00. Following the completion of the transaction, the director directly owned 27,778 shares in the company, valued at $489,448.36. This represents a 26.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 54,801 shares of company stock worth $1,011,586 over the last three months. Company insiders own 3.20% of the company’s stock.

Institutional Trading of D-Wave Quantum

Institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in D-Wave Quantum by 41.2% in the 3rd quarter. Vanguard Group Inc. now owns 38,454,869 shares of the company’s stock valued at $950,220,000 after purchasing an additional 11,218,255 shares during the last quarter. UBS Group AG lifted its holdings in D-Wave Quantum by 541.6% in the 3rd quarter. UBS Group AG now owns 12,089,703 shares of the company’s stock valued at $298,737,000 after purchasing an additional 10,205,427 shares in the last quarter. Geode Capital Management LLC boosted its stake 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 purchasing an additional 866,405 shares during the last quarter. State Street Corp grew its holdings in shares of D-Wave Quantum by 5.3% during the fourth quarter. State Street Corp now owns 7,707,085 shares of the company’s stock worth $201,540,000 after buying an additional 385,809 shares in the last quarter. Finally, Marex Group plc grew its holdings in shares of D-Wave Quantum by 74.9% during the fourth quarter. Marex Group plc now owns 4,592,656 shares of the company’s stock worth $120,098,000 after buying an additional 1,966,500 shares in the last quarter. 42.47% of the stock is owned by institutional investors and hedge funds.

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.