D-Wave Quantum (NASDAQ:QBTS) Reaches New 1-Year Low - Time to Sell?

Key Points

• D-Wave Quantum shares fell to a new 52-week low of $11.29, well below their 50-day and 200-day moving averages of $16.39 and $19.63, respectively.
• The company faces significant financial and legal concerns: its latest quarter missed earnings and revenue estimates, it remains unprofitable, and securities class-action lawsuits allege misleading statements about its growth prospects.
• Despite these risks, analysts maintain an overall “Moderate Buy” rating, with an average price target of $36.27, while some investors view D-Wave’s commercial growth and quantum-computing bookings as potential long-term catalysts.

D-Wave Quantum Inc. (NASDAQ:QBTS - Get Free Report)'s share price reached a new 52-week low during trading on Friday. The stock traded as low as $11.29 and last traded at $11.5010, with a volume of 1,035,701 shares changing hands. The stock had previously closed at $11.63.

Key D-Wave Quantum News

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

• Positive Sentiment: Several analyses point to D-Wave’s commercial growth potential, including its existing quantum-computing sales and increasing bookings. Expansion updates and a sharply lower share price have also prompted some investors to consider whether QBTS could represent a speculative bargain for those willing to wait years for broader quantum adoption. Is D Wave Quantum QBTS A Bargain After Its Lawsuit And Expansion Updates?
• Neutral Sentiment: Multiple law firms publicized the same securities class action involving investors who purchased QBTS shares between February 26 and August 25, 2026. The lead-plaintiff deadline is December 15, 2026. The announcements largely repeat one another and do not represent new findings against D-Wave; they primarily seek investors to participate or serve as lead plaintiff. QBTS Investor Deadline
• Negative Sentiment: The lawsuits allege that D-Wave and certain executives made material misstatements or omissions about the company’s financial and operating prospects, including growth momentum ahead of a revenue shortfall and a CFO departure. Continued legal headlines increase reputational and potential financial risk, even though the allegations remain unproven. Pomerantz Class Action Filing
• Negative Sentiment: Investor commentary continues to emphasize QBTS’s demanding valuation relative to modest revenue and ongoing losses. D-Wave’s latest reported quarter missed both earnings and revenue expectations, while analysts expect another full-year loss, reinforcing concerns that commercial quantum computing may take years to become consistently profitable. D-Wave Quantum Carries a Heavy Valuation

Analyst Upgrades and Downgrades

Several analysts have issued reports on QBTS shares. Weiss Ratings upgraded D-Wave Quantum from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Friday, August 28th. Jefferies Financial Group set a $40.00 price target on D-Wave Quantum in a research note on Friday, August 7th. Canaccord Genuity Group set a $35.00 price target on D-Wave Quantum in a research note on Thursday, August 6th. Wedbush initiated coverage on D-Wave Quantum in a report on Monday, August 3rd. They issued an "outperform" rating and a $40.00 price objective for the company. Finally, Rosenblatt Securities restated a "buy" rating and issued a $43.00 price objective on shares of D-Wave Quantum in a research note on Friday, August 7th. Thirteen investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $36.27.

D-Wave Quantum Stock Performance

The company has a market capitalization of $4.25 billion, a P/E ratio of -16.18 and a beta of 2.18. The company has a current ratio of 20.55, a quick ratio of 20.42 and a debt-to-equity ratio of 0.03. The company's fifty day moving average is $16.39 and its 200 day moving average is $19.63.

D-Wave Quantum (NASDAQ:QBTS - Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 the consensus estimate of $4.03 million. During the same period in the previous year, the firm earned ($0.08) EPS. The company's revenue was down 0.6 compared to the same quarter last year. As a group, equities analysts anticipate that D-Wave Quantum Inc. will post -0.46 earnings per share for the current year.

Institutional Trading of D-Wave Quantum

A number of institutional investors have recently added to or reduced their stakes in QBTS. Wedbush Securities Inc. grew its holdings in D-Wave Quantum by 33.4% during the 3rd quarter. Wedbush Securities Inc. now owns 19,880 shares of the company's stock valued at $329,000 after buying an additional 4,981 shares in the last quarter. Sterling Capital Management LLC increased its position in shares of D-Wave Quantum by 839.2% during the third quarter. Sterling Capital Management LLC now owns 12,191 shares of the company's stock valued at $202,000 after buying an additional 10,893 shares during the period. SBI Securities Co. Ltd. increased its position in shares of D-Wave Quantum by 2.3% during the third quarter. SBI Securities Co. Ltd. now owns 188,065 shares of the company's stock valued at $3,116,000 after buying an additional 4,208 shares during the period. Wealth Management Partners LLC lifted its holdings in shares of D-Wave Quantum by 6.2% in the third quarter. Wealth Management Partners LLC now owns 52,178 shares of the company's stock worth $865,000 after buying an additional 3,051 shares in the last quarter. Finally, Strengthening Families & Communities LLC lifted its holdings in shares of D-Wave Quantum by 72.6% in the third quarter. Strengthening Families & Communities LLC now owns 2,473 shares of the company's stock worth $41,000 after buying an additional 1,040 shares in the last quarter. Hedge funds and other 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.

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