D-Wave Quantum (NYSE:QBTS) Stock Price Down 9.2% - Here's What Happened

Key Points

• Shares fell 9.2% in mid-day trading to $28.17 (from a prior close of $31.02) with 41.49 million shares traded, about 36% below the stock's average session volume.
• D-Wave reported a quarterly EPS of ($0.05), beating estimates of ($0.07), and revenue of $3.74 million (up 105.6% year‑over‑year), though the company remains unprofitable with deeply negative margins and ROE.
• Analysts are mixed but generally positive—11 Buy vs. 2 Sell ratings—yielding a MarketBeat consensus of “Moderate Buy” with a consensus price target of $20.27, below the current share price.

D-Wave Quantum Inc. (NYSE:QBTS - Get Free Report)'s share price fell 9.2% during mid-day trading on Thursday . The stock traded as low as $28.13 and last traded at $28.17. 41,490,276 shares changed hands during mid-day trading, a decline of 36% from the average session volume of 64,438,527 shares. The stock had previously closed at $31.02.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on QBTS. Zacks Research downgraded shares of D-Wave Quantum from a "hold" rating to a "strong sell" rating in a research note on Monday, October 6th. Benchmark restated a "buy" rating and issued a $20.00 price objective on shares of D-Wave Quantum in a research note on Monday, August 4th. Roth Capital restated a "buy" rating on shares of D-Wave Quantum in a research note on Wednesday, October 15th. B. Riley raised their target price on D-Wave Quantum from $22.00 to $33.00 and gave the stock a "buy" rating in a research report on Monday, September 22nd. Finally, Piper Sandler raised their target price on D-Wave Quantum from $13.00 to $22.00 and gave the stock an "overweight" rating in a research report on Friday, August 8th. Eleven research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $20.27.

D-Wave Quantum Stock Performance

The company has a market capitalization of $9.63 billion, a P/E ratio of -26.83 and a beta of 1.53. The stock has a fifty day simple moving average of $27.57 and a 200-day simple moving average of $19.34. The company has a quick ratio of 42.86, a current ratio of 42.99 and a debt-to-equity ratio of 0.05.

D-Wave Quantum (NYSE:QBTS - Get Free Report) last issued its quarterly earnings data on Thursday, November 6th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.07) by $0.02. The company had revenue of $3.74 million during the quarter, compared to analysts' expectations of $3.03 million. D-Wave Quantum had a negative return on equity of 118.87% and a negative net margin of 1,263.92%.D-Wave Quantum's revenue was up 105.6% on a year-over-year basis. Equities analysts forecast that D-Wave Quantum Inc. will post -0.41 EPS for the current year.

Insider Buying and Selling

In other D-Wave Quantum news, Director Rohit Ghai sold 10,000 shares of D-Wave Quantum stock in a transaction on Monday, September 15th. The stock was sold at an average price of $17.93, for a total transaction of $179,300.00. Following the completion of the transaction, the director directly owned 47,778 shares of the company's stock, valued at approximately $856,659.54. This trade represents a 17.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO John M. Markovich sold 100,000 shares of the firm's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $18.00, for a total value of $1,800,000.00. Following the completion of the sale, the chief financial officer owned 1,558,753 shares of the company's stock, valued at approximately $28,057,554. This trade represents a 6.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 207,363 shares of company stock valued at $4,659,478 in the last ninety days. Insiders own 3.20% of the company's stock.

Institutional Trading of D-Wave Quantum

Several institutional investors and hedge funds have recently added to or reduced their stakes in QBTS. Reyes Financial Architecture Inc. bought a new stake in D-Wave Quantum during the 2nd quarter worth about $29,000. Atlantic Union Bankshares Corp acquired a new position in shares of D-Wave Quantum during the 2nd quarter worth about $29,000. Financial Consulate Inc. acquired a new position in shares of D-Wave Quantum during the 3rd quarter worth about $31,000. Parallel Advisors LLC grew its position in shares of D-Wave Quantum by 227.3% during the 2nd quarter. Parallel Advisors LLC now owns 2,206 shares of the company's stock worth $32,000 after buying an additional 1,532 shares during the period. Finally, Gables Capital Management Inc. acquired a new position in shares of D-Wave Quantum during the 2nd quarter worth about $37,000. 42.47% of the stock is owned by institutional investors.

About D-Wave Quantum

D-Wave Quantum Inc develops and delivers quantum computing systems, software, and services worldwide. The company offers Advantage, a fifth-generation quantum computer; Ocean, a suite of open-source python tools; and Leap, a cloud-based service that provides real-time access to a live quantum computer, as well as access to Advantage, hybrid solvers, the Ocean software development kit, live code, demos, learning resources, and a vibrant developer community.

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