D-Wave Quantum (NASDAQ:QBTS) Sets New 12-Month Low - Should You Sell?

Key Points

• D-Wave Quantum hit a new 52-week low, trading as low as $9.94 after a prior close of $10.38; shares were down about 36% in October amid a broader quantum-stock selloff and dilution concerns.
• Analyst views remain mixed but lean positive: the stock has a “Moderate Buy” consensus and a $35.40 average price target, though B. Riley lowered its target from $40 to $27. A securities class action has also been announced, alleging misleading statements; the allegations are not findings of liability.
• D-Wave reported quarterly revenue of $3.08 million, below the $4.03 million estimate, and an adjusted loss of $0.10 per share versus the expected $0.08 loss. The company says its upgraded Stride solver can find better solutions faster and has launched developer training courses.

D-Wave Quantum Inc. (NASDAQ:QBTS - Get Free Report) reached a new 52-week low during trading on Thursday. The stock traded as low as $9.94 and last traded at $10.0230, with a volume of 368,789 shares traded. The stock had previously closed at $10.38.

More D-Wave Quantum News

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

• Positive Sentiment: D-Wave says its upgraded Stride hybrid solver found better solutions in 15 seconds than the previous version did in 120 seconds. The company also launched developer training courses, steps that may help encourage use of its technology. D-Wave announces solver improvements and developer training
• Negative Sentiment: Investor-rights firms are publicizing a securities class action covering investors who bought QBTS shares from February 26 through August 25, 2026. The complaint alleges material misstatements or omissions about the company’s prospects; investors have until December 15 to seek lead-plaintiff status. The allegations are not findings of liability. Class action deadline and allegations
• Negative Sentiment: QBTS fell about 36% in October amid a broad retreat in quantum-computing shares. Reports pointed to dilution concerns after IonQ announced a $2 billion equity offering, adding pressure across the sector. Quantum sector selloff in October
• Negative Sentiment: Analyst actions have added to concerns: reports cite a downgrade and lowered expectations for D-Wave, while broader quantum-stock coverage noted substantial price-target cuts. B. Riley lowers expectations for D-Wave

Analyst Ratings Changes

A number of research analysts have weighed in on QBTS shares. Rosenblatt Securities reissued a "buy" rating and issued a $43.00 target price on shares of D-Wave Quantum in a report on Friday, August 7th. BMO Capital Markets began coverage on D-Wave Quantum in a research report on Thursday, August 20th. They set an "outperform" rating and a $35.00 target price on the stock. Weiss Ratings raised D-Wave Quantum from a "sell (e+)" rating to a "sell (d-)" rating in a report on Friday, August 28th. B. Riley Financial reduced their price target on D-Wave Quantum from $40.00 to $27.00 and set a "buy" rating for the company in a research report on Monday. Finally, Roth Capital restated a "buy" rating and issued a $30.00 price target on shares of D-Wave Quantum in a research report on Thursday, August 6th. Thirteen research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $35.40.

D-Wave Quantum Stock Down 11.6%

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 business's 50-day simple moving average is $14.89 and its 200-day simple moving average is $19.09. The company has a market capitalization of $3.39 billion, a PE ratio of -13.27 and a beta of 2.35.

D-Wave Quantum (NASDAQ:QBTS - Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported ($0.10) 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 company had revenue of $3.08 million for the quarter, compared to analyst estimates of $4.03 million. During the same period last year, the business earned ($0.08) earnings per share. The firm's revenue was down 0.6 on a year-over-year basis. As a group, equities research analysts anticipate that D-Wave Quantum Inc. will post -0.50 EPS for the current fiscal year.

Institutional Trading of D-Wave Quantum

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. CoreCap Advisors LLC grew its stake in shares of D-Wave Quantum by 9.2% in the second quarter. CoreCap Advisors LLC now owns 6,115 shares of the company's stock worth $147,000 after acquiring an additional 515 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of D-Wave Quantum by 21.7% during the 3rd quarter. GAMMA Investing LLC now owns 3,922 shares of the company's stock worth $65,000 after purchasing an additional 698 shares during the period. Private Advisor Group LLC lifted its holdings in D-Wave Quantum by 2.4% in the 1st quarter. Private Advisor Group LLC now owns 33,341 shares of the company's stock worth $481,000 after buying an additional 781 shares in the last quarter. Fiduciary Financial Advisors acquired a new stake in shares of D-Wave Quantum during the 2nd quarter valued at approximately $25,000. Finally, Strengthening Families & Communities LLC boosted its holdings in shares of D-Wave Quantum by 72.6% during the third quarter. Strengthening Families & Communities LLC now owns 2,473 shares of the company's stock valued at $41,000 after acquiring an additional 1,040 shares during the period. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.