D-Wave Quantum (NASDAQ:QBTS) Stock Falls 12.8% - Time to Sell?

Key Points

• D-Wave shares fell 12.8% to $9.05 on Thursday, with about 25.1 million shares traded. The price is below its 50-day and 200-day moving averages of $14.89 and $19.09, respectively.
• Company news was mixed: an upgraded Stride solver reportedly produced benchmark solutions in 15 seconds versus 120 seconds previously, while a pending securities class action and broader quantum-sector weakness have added uncertainty.
• Analysts’ consensus rating remains Moderate Buy with a $35.40 average price target, but the latest reported quarter missed estimates for both earnings and revenue.

D-Wave Quantum Inc. (NASDAQ:QBTS - Get Free Report)'s share price was down 12.8% on Thursday. The stock traded as low as $8.48 and last traded at $9.05. 25,081,541 shares changed hands during mid-day trading, a decline of 1% from the average session volume of 25,458,330 shares. The stock had previously closed at $10.38.

D-Wave Quantum News Summary

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

• Positive Sentiment: D-Wave said an upgraded Stride hybrid solver found better solutions in 15 seconds than its prior version did in 120 seconds in benchmark testing. It also introduced developer training courses, which could help encourage use of its optimization tools. Article
• Negative Sentiment: Several law firms issued reminders about a pending securities class action covering investors who bought shares from February 26 through August 25, 2026. The suit alleges misleading statements or omissions about D-Wave’s growth and prospects; these are allegations, not findings. The lead-plaintiff deadline is December 15, adding legal and reputational uncertainty. Article
• Negative Sentiment: Recent coverage also attributes October’s steep decline in quantum stocks to a sector-wide retreat and dilution concerns after IonQ announced a $2 billion equity offering. Reports of analyst price-target reductions and a lowered outlook for D-Wave add to investor caution. Article

Wall Street Analyst Weigh In

A number of research analysts have commented on QBTS shares. Weiss Ratings raised D-Wave Quantum from a "sell (e+)" rating to a "sell (d-)" rating in a report on Friday, August 28th. Benchmark assumed coverage on D-Wave Quantum in a research report on Monday, July 27th. They issued a "buy" rating and a $30.00 target price for the company. Canaccord Genuity Group set a $35.00 price target on D-Wave Quantum in a report on Thursday, August 6th. Zacks Research downgraded D-Wave Quantum from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 18th. Finally, B. Riley Financial dropped their price target on D-Wave Quantum from $40.00 to $27.00 and set a "buy" rating on the stock in a research report on Monday. Thirteen analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $35.40.

D-Wave Quantum Trading Down 12.8%

The company has a quick ratio of 20.42, a current ratio of 20.55 and a debt-to-equity ratio of 0.03. The firm's 50 day moving average is $14.89 and its two-hundred day moving average is $19.09. The stock has a market cap of $3.35 billion, a price-to-earnings ratio of -12.75 and a beta of 2.35.

D-Wave Quantum (NASDAQ:QBTS - Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported ($0.10) EPS for the quarter, missing analysts' consensus estimates of ($0.08) by ($0.02). The company had revenue of $3.08 million during the quarter, compared to analyst estimates of $4.03 million. D-Wave Quantum had a negative net margin of 2,001.59% and a negative return on equity of 26.67%. The business's revenue was down 0.6 on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.08) earnings per share. Equities analysts anticipate that D-Wave Quantum Inc. will post -0.50 EPS for the current year.

Institutional Trading of D-Wave Quantum

Several hedge funds have recently made changes to their positions in QBTS. Fiduciary Financial Advisors acquired a new position in shares of D-Wave Quantum during the 2nd quarter valued at $25,000. Silver Grove Financial Group Inc. lifted its holdings in shares of D-Wave Quantum by 304.2% in the third quarter. Silver Grove Financial Group Inc. now owns 1,524 shares of the company's stock valued at $25,000 after buying an additional 1,147 shares during the period. Ancora Advisors LLC bought a new position in D-Wave Quantum during the second quarter valued at about $39,000. Kelleher Financial Advisors bought a new position in D-Wave Quantum during the second quarter valued at about $39,000. Finally, Adirondack Trust Co. boosted its stake in D-Wave Quantum by 267.3% during the third quarter. Adirondack Trust Co. now owns 1,649 shares of the company's stock valued at $27,000 after buying an additional 1,200 shares in the last quarter. 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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