D-Wave Quantum (NASDAQ:QBTS) Trading 6.6% Higher – What’s Next?

D-Wave Quantum Inc. (NASDAQ:QBTS) shot up 6.6% on Tuesday . The stock traded as high as $18.48 and last traded at $17.67. Approximately 35,642,836 shares changed hands during trading, an increase of 27% from the average daily volume of 28,033,402 shares. The stock had previously closed at $16.58.

Key D-Wave Quantum News

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

• Positive Sentiment: The U.S. Department of Commerce finalized a $100 million CHIPS Act research-and-development agreement with D-Wave. The government will receive a minority, non-controlling equity stake, providing funding to scale the company’s next-generation quantum-computing systems while strengthening its relationship with federal agencies. D-Wave, Rigetti, Quantinuum land $100M in CHIPS Act funding
• Positive Sentiment: The funding announcement triggered a broader rally in quantum-computing stocks. Investors viewed the government’s equity investment as validation of the sector’s strategic importance and as a source of capital that could accelerate D-Wave’s research, production and commercial adoption. These 3 Quantum Stocks Are on the Rise as US Government Takes Minority Stakes
• Neutral Sentiment: D-Wave’s analyst consensus remains around “Moderate Buy,” suggesting Wall Street sees long-term potential but is not uniformly bullish. The government deal may improve sentiment, but the equity component could also create some dilution for existing shareholders. D-Wave Quantum Receives Average Rating of Moderate Buy
• Negative Sentiment: Analysts continue to flag D-Wave’s rising losses, weak conversion of bookings into revenue and elevated valuation. The company recently reported a quarterly loss of $0.10 per share and revenue of $3.08 million, below expectations of $4.03 million, underscoring execution and commercialization risks. Rising Risks Overshadow D-Wave Quantum Booking
• Negative Sentiment: After a substantial multiyear share-price increase, QBTS still screens as expensive, leaving the stock vulnerable if growth or adoption falls short. Recent volatility and legal scrutiny add further risk for investors buying at the current premium. D-Wave Quantum Stock Trades at a Premium

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Needham & Company LLC reissued a “buy” rating and issued a $40.00 target price on shares of D-Wave Quantum in a report on Tuesday, June 2nd. 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. BMO Capital Markets began coverage on shares of D-Wave Quantum in a report on Thursday, August 20th. They issued an “outperform” rating and a $35.00 price objective on the stock. Roth Capital restated a “buy” rating and set a $30.00 target price on shares of D-Wave Quantum in a research report on Thursday, August 6th. Finally, Mizuho upped their target price on shares of D-Wave Quantum from $29.00 to $35.00 and gave the company an “outperform” rating in a report on Monday, June 15th. Thirteen analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $36.27.

D-Wave Quantum Trading Up 6.6%

The stock has a 50 day moving average of $19.17 and a 200-day moving average of $20.04. The company has a market capitalization of $6.54 billion, a P/E ratio of -24.89 and a beta of 2.15. The company has a current ratio of 20.55, a quick ratio of 20.42 and a debt-to-equity ratio of 0.03.

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

Insider Transactions at D-Wave Quantum

In related news, CFO John Markovich sold 200,000 shares of D-Wave Quantum stock in a transaction on Monday, June 15th. The shares were sold at an average price of $25.71, for a total transaction of $5,142,000.00. Following the transaction, the chief financial officer owned 1,142,820 shares in the company, valued at approximately $29,381,902.20. The trade was a 14.89% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Rohit Ghai sold 13,518 shares of the stock in a transaction on Monday, June 15th. The stock was sold at an average price of $26.41, for a total value of $357,010.38. Following the completion of the sale, the director owned 23,617 shares of the company’s stock, valued at $623,724.97. The trade was a 36.40% decrease in their position. 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 sold a total of 262,631 shares of company stock valued at $6,656,539 over the last three months. Corporate insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On D-Wave Quantum

Institutional investors have recently added to or reduced their stakes in the stock. Root Financial Partners LLC grew its stake in D-Wave Quantum by 388.0% during the fourth quarter. Root Financial Partners LLC now owns 976 shares of the company’s stock valued at $26,000 after acquiring an additional 776 shares in the last quarter. Fiduciary Financial Advisors purchased a new stake in shares of D-Wave Quantum during the 2nd quarter worth approximately $25,000. Kemnay Advisory Services Inc. bought a new position in shares of D-Wave Quantum during the 4th quarter valued at approximately $28,000. EverSource Wealth Advisors LLC grew its holdings in shares of D-Wave Quantum by 267.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,151 shares of the company’s stock valued at $30,000 after purchasing an additional 838 shares in the last quarter. Finally, Mcguire Capital Advisors Inc. bought a new stake in D-Wave Quantum in the fourth quarter worth $31,000. 42.47% of the stock is owned by hedge funds and other institutional investors.

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.