D-Wave Quantum (NASDAQ:QBTS) Stock Falls 1.8% – Time to Sell?

Shares of D-Wave Quantum Inc. (NASDAQ:QBTS) traded down 1.8% during trading on Thursday. The stock traded as low as $11.22 and last traded at $11.56. 10,805,483 shares traded hands during mid-day trading, a decline of 58% from the average session volume of 25,722,654 shares. The stock had previously closed at $11.77.

Key Headlines Impacting D-Wave Quantum

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

• Positive Sentiment: D-Wave signed a non-binding memorandum of understanding with South Korea’s LG CNS to expand quantum-optimization applications for enterprise customers in Asia. While the agreement does not yet establish revenue commitments, it supports the company’s international adoption strategy. D-Wave Enters MoU With LG CNS to Drive Quantum Computing Adoption in South Korea
• Positive Sentiment: Customer Shionogi won first place in the Quality of Life category of Japan’s NEDO Quantum Computing Challenge for drug-discovery research using quantum computing. The recognition offers third-party validation of D-Wave’s potential real-world applications. D-Wave Customer Shionogi Wins First Place in NEDO Quantum Computing Challenge’s Quality of Life Category
• Positive Sentiment: Investor-focused commentary continues to identify D-Wave’s quantum-powered optimization and “efficiency expert” tools as potential growth drivers, keeping the stock on some 2027 quantum-computing watchlists. 3 Quantum Computing Stocks to Buy Before They Soar in 2027
• Neutral Sentiment: Analyst coverage cited an average price target of $36.27, but the target contrasts sharply with recent trading levels and does not remove the risks associated with D-Wave’s early-stage, unprofitable business.
• Negative Sentiment: Multiple law firms publicized a securities class action alleging that D-Wave and certain officers made misleading statements about revenue and operating prospects between February 26 and August 25, 2026. The lead-plaintiff deadline is December 15, 2026. The repeated announcements increase legal and reputational pressure, although the allegations have not been proven. Pomerantz Class Action Announcement
• Negative Sentiment: The litigation centers partly on quarterly revenue of $3.08 million, which missed expectations of roughly $4.03 million, while D-Wave also reported a larger-than-expected loss. Investors remain concerned that the company’s multibillion-dollar valuation is well ahead of current revenue, particularly as broader quantum stocks face selling and interest-rate caution. D-Wave Quantum Stock Looks Fully Priced After Its Huge Run

Analyst Upgrades and Downgrades

Several research firms recently commented on QBTS. Wedbush assumed coverage on D-Wave Quantum in a research note on Monday, August 3rd. They set an “outperform” rating and a $40.00 target price for the company. Weiss Ratings raised D-Wave Quantum from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, August 28th. Wall Street Zen raised D-Wave Quantum from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 8th. Roth Capital reissued a “buy” rating and set a $30.00 target price on shares of D-Wave Quantum in a research report on Thursday, August 6th. Finally, BMO Capital Markets assumed coverage on shares of D-Wave Quantum in a research note on Thursday, August 20th. They issued an “outperform” rating and a $35.00 price target on the stock. Thirteen investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $36.27.

D-Wave Quantum Price Performance

The company has a 50 day moving average price of $15.76 and a 200 day moving average price of $19.55. The company has a debt-to-equity ratio of 0.03, a current ratio of 20.55 and a quick ratio of 20.42. The firm has a market cap of $4.28 billion, a PE ratio of -16.28 and a beta of 2.18.

D-Wave Quantum (NASDAQ:QBTS) last released 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). The firm had revenue of $3.08 million during the quarter, compared to analyst estimates of $4.03 million. D-Wave Quantum had a negative return on equity of 26.67% and a negative net margin of 2,001.59%. The firm’s revenue was down 0.6 on a year-over-year basis. During the same quarter last year, the business posted ($0.08) EPS. Sell-side analysts expect that D-Wave Quantum Inc. will post -0.46 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Fiduciary Financial Advisors purchased a new position in D-Wave Quantum in the 2nd quarter valued at approximately $25,000. Ancora Advisors LLC acquired a new position in shares of D-Wave Quantum during the 2nd quarter worth $39,000. Kelleher Financial Advisors purchased a new position in D-Wave Quantum during the 2nd quarter valued at about $39,000. Adirondack Trust Co. raised its position in D-Wave Quantum by 267.3% during the third quarter. Adirondack Trust Co. now owns 1,649 shares of the company’s stock worth $27,000 after acquiring an additional 1,200 shares during the last quarter. Finally, Parallel Advisors LLC raised its position in D-Wave Quantum by 545.5% during the first quarter. Parallel Advisors LLC now owns 1,788 shares of the company’s stock worth $26,000 after acquiring an additional 1,511 shares during the last quarter. 42.47% of the stock is currently owned by institutional investors and hedge funds.

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.