D-Wave Quantum (NYSE:QBTS) Trading 1.1% Higher - What's Next?

Key Points

• D-Wave shares were trading up about 1.1% to ~$20.50 midday on Friday with 20.2M shares changing hands (down ~32% vs. average); the stock sits below its 200‑day MA ($23.63) but above its 50‑day MA ($17.44), market cap ≈ $7.6B and a beta of 1.78.
• Management is staging its first‑ever Investor Day at the New York Stock Exchange and Zacks recently upgraded the stock to a "hold," while sell‑side coverage shows 14 Buys and a consensus target of $35.53 — potential catalysts for improved visibility and sentiment if execution continues.
• Offsetting positives, D‑Wave posted an earnings and revenue miss (Q EPS $(0.09) vs. $(0.05) est.; revenue $2.75M vs. $3.74M), reports deeply negative margins and net losses, and insiders have sold shares, underscoring execution and high‑beta risk for investors.

D-Wave Quantum Inc. (NYSE:QBTS - Get Free Report)'s stock price traded up 1.1% during mid-day trading on Friday . The company traded as high as $20.67 and last traded at $20.4970. 20,224,040 shares were traded during mid-day trading, a decline of 32% from the average session volume of 29,703,084 shares. The stock had previously closed at $20.28.

More D-Wave Quantum News

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

• Positive Sentiment: Management is staging its first-ever Investor Day at the New York Stock Exchange, increasing visibility with institutional investors and providing a forum to present roadmaps for revenue, bookings and product strategy. This can support near-term sentiment and liquidity. D-Wave Quantum (QBTS) to Host First-Ever Investor Day at the New York Stock Exchange
• Positive Sentiment: Zacks upgraded QBTS from "strong sell" to "hold," removing a strong negative rating and signaling modestly improved analyst sentiment — a supportive technical for the stock. Zacks upgrade / TickerReport
• Positive Sentiment: Coverage and comparison pieces highlight renewed investor interest driven by AI-quantum convergence, bookings growth and policy support — factors cited as potential upside drivers if execution and commercial traction continue. QBTS or RGTI: Which Quantum Play Will Offer Better Upside in May?
• Neutral Sentiment: Balanced analyst write-ups (bull vs. bear) lay out both long-term potential and short-term risks without a clear consensus — useful for investors but not a decisive price catalyst by itself. Bull vs. Bear: D-Wave Quantum
• Neutral Sentiment: Valuation and volatility analyses note large recent swings (big month-to-month moves and YTD weakness), which keep QBTS a high-beta trade for investors willing to accept execution risk. Assessing D-Wave Quantum (QBTS) Valuation After Recent Volatility And Contrasting Shareholder Returns
• Neutral Sentiment: Coverage of peers (e.g., Rigetti) provides comparative context — competitors’ balance-sheet strength or product progress matter for relative positioning but don’t directly move QBTS absent company-specific news. Rigetti's Balance Sheet Strength Supports Quantum Growth Path
• Negative Sentiment: Media commentary framing the broader software/tech bear market raises sector headwinds and questions whether it's the right time to "buy the dip" in quantum stocks, which can pressure sentiment if macro risk aversion rises. Software Bear Market: Should You Buy the Dip in D-Wave Quantum Stock Right Now?
• Negative Sentiment: Fundamental headwinds persist: a recent quarterly EPS and revenue miss, deeply negative margins and ongoing net losses mean QBTS must show scaling revenue and margin improvements to justify higher valuations — execution shortfalls would weigh on the stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Zacks Research raised D-Wave Quantum from a "strong sell" rating to a "hold" rating in a research note on Tuesday. Rosenblatt Securities reissued a "buy" rating and set a $43.00 target price on shares of D-Wave Quantum in a research report on Wednesday, January 28th. TD Cowen initiated coverage on D-Wave Quantum in a research report on Thursday, February 12th. They set a "buy" rating on the stock. Weiss Ratings downgraded D-Wave Quantum from a "sell (d-)" rating to a "sell (e+)" rating in a research report on Wednesday. Finally, Mizuho cut their target price on D-Wave Quantum from $46.00 to $40.00 and set an "outperform" rating on the stock in a research report on Friday, February 27th. Fourteen analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $35.53.

D-Wave Quantum Trading Up 1.1%

The stock has a fifty day moving average of $17.44 and a 200-day moving average of $23.63. The company has a debt-to-equity ratio of 0.04, a quick ratio of 42.25 and a current ratio of 42.38. The company has a market cap of $7.58 billion, a PE ratio of -18.63 and a beta of 1.78.

D-Wave Quantum (NYSE:QBTS - Get Free Report) last posted its quarterly earnings data on Thursday, February 26th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.04). D-Wave Quantum had a negative net margin of 1,444.10% and a negative return on equity of 58.58%. The business had revenue of $2.75 million for the quarter, compared to analysts' expectations of $3.74 million. The business's quarterly revenue was up 21.7% on a year-over-year basis. Sell-side analysts anticipate that D-Wave Quantum Inc. will post -0.44 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director John D. Dilullo sold 8,000 shares of the business's stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $18.01, for a total transaction of $144,080.00. Following the completion of the transaction, the director owned 19,803 shares in the company, valued at $356,652.03. The trade was a 28.77% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO John M. Markovich sold 10,706 shares of the business's stock in a transaction on Friday, March 13th. The shares were sold at an average price of $17.63, for a total value of $188,746.78. Following the transaction, the chief financial officer owned 1,451,427 shares of the company's stock, valued at approximately $25,588,658.01. The trade was a 0.73% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 31,776 shares of company stock worth $574,571 in the last 90 days. 3.20% of the stock is owned by insiders.

Institutional Investors Weigh In On D-Wave Quantum

Hedge funds have recently made changes to their positions in the company. Root Financial Partners LLC lifted its holdings in shares of D-Wave Quantum by 388.0% in the 4th quarter. Root Financial Partners LLC now owns 976 shares of the company's stock worth $26,000 after buying an additional 776 shares during the period. Kemnay Advisory Services Inc. purchased a new stake in shares of D-Wave Quantum in the 4th quarter worth $28,000. EverSource Wealth Advisors LLC lifted its holdings in shares of D-Wave Quantum by 267.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,151 shares of the company's stock worth $30,000 after buying an additional 838 shares during the period. Mcguire Capital Advisors Inc. purchased a new stake in shares of D-Wave Quantum in the 4th quarter worth $31,000. Finally, Ancora Advisors LLC purchased a new stake in shares of D-Wave Quantum in the 3rd quarter worth $30,000. 42.47% of the stock is currently owned by hedge funds and other institutional investors.

About D-Wave Quantum

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.

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