D-Wave Quantum (NASDAQ:QBTS) Stock Price Down 1% - What's Next?

Key Points

• D-Wave Quantum shares fell 1% to $11.54 amid substantially lighter-than-average trading volume. The decline follows news of a securities-fraud class action alleging misleading statements about the company’s financial and operational prospects, creating legal and reputational risks.
• Management is scheduled to participate in two investor conferences on November 11–12, potentially providing updates on customer demand, bookings, technology progress and the financial outlook.
• Analysts remain broadly positive, with a consensus “Moderate Buy” rating and a $36.27 price target, but D-Wave recently missed quarterly earnings and revenue expectations and continues to report negative profitability.

D-Wave Quantum Inc. (NASDAQ:QBTS - Get Free Report) was down 1% during trading on Monday. The stock traded as low as $11.33 and last traded at $11.54. 8,941,340 shares were traded during mid-day trading, a decline of 65% from the average daily volume of 25,910,314 shares. The stock had previously closed at $11.66.

More D-Wave Quantum News

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

• Positive Sentiment: D-Wave Quantum said management will participate in the Cantor Convergence Conference on November 11 and the BMO Technology and Innovation Leaders Conference on November 12. These events could provide investors with updates on customer demand, bookings, technology development and the company’s financial outlook. D-Wave Quantum to Participate in Upcoming Investor Conferences
• Neutral Sentiment: A speculative article highlighted D-Wave as one of two quantum-computing stocks with potentially significant long-term upside. The coverage reflects investor interest in quantum computing’s growth potential but does not provide new company-specific operating or financial information. 2 quantum computing stocks to turn $10 into $100 in a year
• Negative Sentiment: Several law firms publicized a securities-fraud class action against D-Wave Quantum for investors who purchased securities between February 26 and August 25, 2026. The complaints allege that the company made material misstatements or omissions regarding its financial and operational prospects. Investors may seek lead-plaintiff status, generally by December 15, 2026, although one notice cited December 14. The allegations have not been proven, but the litigation creates legal, reputational and potential financial risks for QBTS and appears to be the main source of near-term selling pressure. D-Wave Quantum securities fraud class action announcement

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Zacks Research cut shares of D-Wave Quantum from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 18th. Wedbush initiated coverage on shares of D-Wave Quantum in a research report on Monday, August 3rd. They issued an "outperform" rating and a $40.00 price objective on the stock. Roth Capital reaffirmed a "buy" rating and set a $30.00 price objective on shares of D-Wave Quantum in a research note on Thursday, August 6th. Wall Street Zen upgraded shares of D-Wave Quantum from a "strong sell" rating to a "sell" rating in a report on Saturday, August 8th. Finally, Jefferies Financial Group set a $40.00 target price on D-Wave Quantum in a research note on Friday, August 7th. Thirteen investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $36.27.

D-Wave Quantum Trading Down 1.0%

The company has a market capitalization of $4.27 billion, a P/E ratio of -16.25 and a beta of 2.18. The stock's 50 day moving average is $16.19 and its 200-day moving average is $19.61. The company has a debt-to-equity ratio of 0.03, a current ratio of 20.55 and a quick ratio of 20.42.

D-Wave Quantum (NASDAQ:QBTS - Get Free Report) last issued its quarterly earnings data 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 during the quarter, compared to analysts' expectations of $4.03 million. During the same quarter last year, the business earned ($0.08) earnings per share. The business's quarterly 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 -0.46 earnings per share for the current year.

Institutional Trading of D-Wave Quantum

A number of hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. bought a new stake in D-Wave Quantum during the second quarter worth about $795,206,000. Bank of America Corp DE purchased a new stake in shares of D-Wave Quantum in the 2nd quarter worth approximately $104,183,000. Van ECK Associates Corp increased its position in D-Wave Quantum by 52.6% during the 2nd quarter. Van ECK Associates Corp now owns 2,339,788 shares of the company's stock valued at $56,132,000 after buying an additional 806,835 shares in the last quarter. Bank of New York Mellon Corp bought a new position in D-Wave Quantum during the 2nd quarter valued at approximately $54,951,000. Finally, Wellington Management Group LLP raised its stake in D-Wave Quantum by 372.2% during the second quarter. Wellington Management Group LLP now owns 1,820,070 shares of the company's stock valued at $43,663,000 after buying an additional 1,434,657 shares during the last quarter. 42.47% of the stock is owned by hedge funds and other institutional investors.

About D-Wave Quantum

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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