D-Wave Quantum (NYSE:QBTS) Trading Up 22.5% - Here's Why

Key Points

• Shares jumped 22.5% to around $20.78 on heavy volume (≈96.8M shares, ~234% above average) as sector catalysts — including Nvidia’s open‑source quantum AI models, peer rallies, abnormal call buying and CEO summit anticipation — drove momentum into QBTS.
• Investors cite improving commercial signals (post‑year‑end bookings >$32.8M and a dual‑platform push after the Quantum Circuits acquisition) but the company remains unprofitable, reporting a Q recent EPS of ($0.09) and wide net losses, highlighting execution and valuation risk.
• Analyst coverage skews positive (14 Buys vs. 2 Sells, average price target ~$36.50) while insider selling (≈28,706 shares sold recently) and volatile fundamentals keep the rally speculative despite a market cap of about $7.7 billion.

D-Wave Quantum Inc. (NYSE:QBTS - Get Free Report)'s stock price traded up 22.5% on Wednesday . The company traded as high as $21.04 and last traded at $20.78. 96,755,889 shares changed hands during mid-day trading, an increase of 234% from the average session volume of 28,985,412 shares. The stock had previously closed at $16.97.

More D-Wave Quantum News

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

• Positive Sentiment: Nvidia launched open-source quantum AI models, a platform-level boost that lifted sentiment across quantum names and helped lift QBTS. This external ecosystem development improves the addressable market for quantum vendors. Quantum stocks surge as Nvidia launches new AI models
• Positive Sentiment: Broad sector rally: peer gains (IonQ, Rigetti) and back-to-back rallies in quantum names are creating momentum flows into QBTS, amplifying moves in this high‑beta stock. IonQ Surges 10%, D-Wave Jumps 9%, Rigetti Climbs 7%
• Positive Sentiment: Company fundamentals/newsflow: investors are refocusing on D‑Wave’s 2025 revenue growth, recent bookings (> $32.8M post‑year-end reported by the company), and its dual‑platform strategy after the Quantum Circuits acquisition—catalysts for revenue acceleration expectations. QBTS Builds Early 2026 Momentum on Bookings, Deals and Acquisition
• Positive Sentiment: Company event hype: anticipation of a CEO summit and related investor communications has been cited as a near-term volume/interest driver ahead of potential guidance or messaging. D-Wave Quantum (QBTS) Surges Nearly 13% on CEO Summit Anticipation
• Positive Sentiment: Options flow: abnormal activity — ~109,771 calls bought (≈94% above average) — indicates aggressive bullish positioning from traders, which can accelerate upward moves via gamma/flow effects. (internal trade data)
• Neutral Sentiment: Analyst and media attention: multiple buy/outperform ratings and price targets (median ~$40) are resurfacing in coverage, supporting constructive sentiment but not a guarantee of sustained gains. Are Quantum Stocks Back? The Sector is Rallying
• Negative Sentiment: Insider and institutional activity raises caution: substantial insider sales reported recently and large institutional rebalancing (some big sellers) highlight dilution and potential downward pressure if momentum fades. QuiverQuant and others flagged heavy insider selling. QuiverQuant QBTS coverage
• Negative Sentiment: Valuation and profitability risks remain: QBTS still posts negative EPS, wide net losses, and a volatile price history — one recent piece warns that high valuation may meet execution reality, a reminder that operational execution must match expectations. D-Wave Quantum: Extreme Valuation Meets Execution Reality

Wall Street Analysts Forecast Growth

Several research firms have recently commented on QBTS. Weiss Ratings restated a "sell (d-)" rating on shares of D-Wave Quantum in a research note on Friday, March 27th. Jefferies Financial Group started coverage on shares of D-Wave Quantum in a research note on Tuesday, December 16th. They set a "buy" rating and a $45.00 price target on the stock. Needham & Company LLC cut their price target on shares of D-Wave Quantum from $48.00 to $40.00 and set a "buy" rating for the company in a report on Thursday, February 26th. TD Cowen began coverage on D-Wave Quantum in a report on Thursday, February 12th. They issued a "buy" rating on the stock. Finally, Canaccord Genuity Group set a $43.00 target price on D-Wave Quantum in a research report on Thursday, January 29th. Fourteen investment analysts have rated the stock with a Buy rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $36.50.

D-Wave Quantum Stock Up 22.5%

The company has a market capitalization of $7.69 billion, a PE ratio of -18.89 and a beta of 1.78. The firm's 50-day simple moving average is $17.32 and its 200 day simple moving average is $24.46. The company has a debt-to-equity ratio of 0.04, a quick ratio of 42.25 and a current ratio of 42.38.

D-Wave Quantum (NYSE:QBTS - Get Free Report) last announced its quarterly earnings results 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 company had revenue of $2.75 million during the quarter, compared to analysts' expectations of $3.74 million. The company's revenue was up 21.7% on a year-over-year basis. As a group, equities research analysts forecast that D-Wave Quantum Inc. will post -0.41 earnings per share for the current year.

Insiders Place Their Bets

In other D-Wave Quantum news, Director Rohit Ghai sold 10,000 shares of the stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $17.62, for a total value of $176,200.00. Following the completion of the transaction, the director directly owned 27,778 shares of the company's stock, valued at approximately $489,448.36. This trade represents a 26.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director John D. Dilullo sold 8,000 shares of D-Wave Quantum stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $18.01, for a total transaction of $144,080.00. Following the sale, the director owned 19,803 shares of the company's stock, valued at approximately $356,652.03. The trade was a 28.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 28,706 shares of company stock worth $509,027. 3.20% of the stock is owned by company insiders.

Institutional Trading of D-Wave Quantum

A number of institutional investors have recently bought and sold shares of the company. Hsbc Holdings PLC boosted its position in D-Wave Quantum by 78.0% during the fourth quarter. Hsbc Holdings PLC now owns 17,182 shares of the company's stock worth $452,000 after purchasing an additional 7,530 shares in the last quarter. World Investment Advisors increased its position in shares of D-Wave Quantum by 195.7% in the fourth quarter. World Investment Advisors now owns 41,691 shares of the company's stock valued at $1,090,000 after buying an additional 27,592 shares in the last quarter. Corient Private Wealth LLC raised its stake in shares of D-Wave Quantum by 25.8% during the 4th quarter. Corient Private Wealth LLC now owns 30,797 shares of the company's stock worth $805,000 after buying an additional 6,319 shares during the last quarter. Tulsa Wealth Advisors INC acquired a new position in shares of D-Wave Quantum during the 4th quarter worth $248,000. Finally, Caitong International Asset Management Co. Ltd boosted its position in shares of D-Wave Quantum by 16.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 111,923 shares of the company's stock worth $2,927,000 after buying an additional 15,675 shares in the last quarter. 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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