D-Wave Quantum (NASDAQ:QBTS) Stock Falls 1% – What’s Next?

D-Wave Quantum Inc. (NASDAQ:QBTS)’s stock price fell 1% on Monday. The stock traded as low as $11.33 and last traded at $11.54. 8,941,340 shares changed hands during trading, a decline of 65% from the average daily volume of 25,910,314 shares. The stock had previously closed at $11.66.

Key Stories Impacting D-Wave Quantum

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

• Positive Sentiment: D-Wave Quantum said management will participate in the Cantor Convergence Conference on November 11 and the BMO Technology and Innovation Leaders Conference on November 12. These events could provide investors with updates on customer demand, bookings, technology development and the company’s financial outlook. D-Wave Quantum to Participate in Upcoming Investor Conferences
• Neutral Sentiment: A speculative article highlighted D-Wave as one of two quantum-computing stocks with potentially significant long-term upside. The coverage reflects investor interest in quantum computing’s growth potential but does not provide new company-specific operating or financial information. 2 quantum computing stocks to turn $10 into $100 in a year
• Negative Sentiment: Several law firms publicized a securities-fraud class action against D-Wave Quantum for investors who purchased securities between February 26 and August 25, 2026. The complaints allege that the company made material misstatements or omissions regarding its financial and operational prospects. Investors may seek lead-plaintiff status, generally by December 15, 2026, although one notice cited December 14. The allegations have not been proven, but the litigation creates legal, reputational and potential financial risks for QBTS and appears to be the main source of near-term selling pressure. D-Wave Quantum securities fraud class action announcement

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Benchmark started coverage on shares of D-Wave Quantum in a research note on Monday, July 27th. They issued a “buy” rating and a $30.00 price target on the stock. Rosenblatt Securities restated a “buy” rating and set a $43.00 price objective on shares of D-Wave Quantum in a research note on Friday, August 7th. Canaccord Genuity Group set a $35.00 target price on shares of D-Wave Quantum in a report on Thursday, August 6th. Jefferies Financial Group set a $40.00 target price on shares of D-Wave Quantum in a research note on Friday, August 7th. Finally, 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. Thirteen 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. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $36.27.

D-Wave Quantum Stock Down 1.0%

The stock has a market cap of $4.27 billion, a PE ratio of -16.25 and a beta of 2.18. The company has a debt-to-equity ratio of 0.03, a current ratio of 20.55 and a quick ratio of 20.42. The company has a 50 day moving average price of $16.19 and a two-hundred day moving average price of $19.61.

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

Hedge Funds Weigh In On D-Wave Quantum

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Flagship Harbor Advisors LLC grew its stake in shares of D-Wave Quantum by 4.1% in the third quarter. Flagship Harbor Advisors LLC now owns 55,868 shares of the company’s stock worth $926,000 after acquiring an additional 2,184 shares during the period. Corecam Pte. Ltd. raised its holdings in shares of D-Wave Quantum by 32.6% during the third quarter. Corecam Pte. Ltd. now owns 44,519 shares of the company’s stock valued at $722,000 after purchasing an additional 10,947 shares during the last quarter. McGuire Investment Group LLC raised its holdings in shares of D-Wave Quantum by 0.6% during the third quarter. McGuire Investment Group LLC now owns 411,189 shares of the company’s stock valued at $6,813,000 after purchasing an additional 2,608 shares during the last quarter. Simplicity Wealth LLC lifted its position in D-Wave Quantum by 69.1% during the third quarter. Simplicity Wealth LLC now owns 74,609 shares of the company’s stock valued at $1,236,000 after purchasing an additional 30,490 shares during the period. Finally, Ascent Wealth Partners LLC lifted its position in D-Wave Quantum by 13.4% during the third quarter. Ascent Wealth Partners LLC now owns 20,726 shares of the company’s stock valued at $343,000 after purchasing an additional 2,454 shares during the period. Institutional investors own 42.47% of the company’s stock.

D-Wave Quantum Company Profile

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.