D-Wave Quantum (NYSE:QBTS) Trading Up 3.3% – Should You Buy?

D-Wave Quantum Inc. (NYSE:QBTS)’s share price traded up 3.3% during trading on Thursday . The stock traded as high as $22.53 and last traded at $22.14. 28,057,405 shares traded hands during trading, a decline of 5% from the average session volume of 29,688,281 shares. The stock had previously closed at $21.44.

D-Wave Quantum News Summary

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

• Positive Sentiment: Q1 bookings surged to $33.4 million, a massive year-over-year increase that investors are reading as evidence of stronger commercial demand for D-Wave’s quantum computing platform. D-Wave Shares Rise After Massive 20x Jump in Bookings Signals Demand Spike
• Positive Sentiment: Several analysts reiterated bullish views, including Rosenblatt, Needham, and Cantor Fitzgerald, with price targets well above the current share price, helping support sentiment around the stock. Analyst rating updates
• Positive Sentiment: D-Wave announced Qubits Europe 2026, a user conference in London, which may help build awareness, deepen customer relationships, and reinforce its commercialization efforts. Here Is Why D-Wave Quantum Inc. (QBTS) Is Among the Best Hardware Stocks to Buy for the AI PC Revolution
• Neutral Sentiment: Market commentary continues to compare D-Wave with other quantum names after Q1 earnings, with the sector still being valued more on long-term potential than current profitability. How the 3 Leading Quantum Firms Stack Up After Q1 Earnings (QBTS)
• Neutral Sentiment: Canaccord Genuity kept a Buy rating on QBTS, and other articles highlighted ongoing interest in the stock’s recent trend, but these items mostly reinforce existing sentiment rather than changing the story. Canaccord Genuity Sticks to Their Buy Rating for D-Wave Quantum (QBTS)
• Negative Sentiment: Q1 results were mixed: revenue came in below expectations and fell sharply from a year ago, while losses remain a key concern, prompting some analyst forecast cuts. D-Wave Quantum Analysts Slash Their Forecasts After Q1 Results
• Negative Sentiment: Mizuho trimmed its price target on QBTS, signaling some caution even as it maintained an outperform stance. D-Wave Quantum (NYSE:QBTS) Price Target Cut to $29.00 by Analysts at Mizuho

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Northland Securities assumed coverage on D-Wave Quantum in a research note on Monday, April 20th. They set a “market perform” rating and a $22.00 price target for the company. Cantor Fitzgerald restated an “overweight” rating and set a $40.00 price target on shares of D-Wave Quantum in a research note on Wednesday. Jefferies Financial Group restated a “buy” rating on shares of D-Wave Quantum in a research note on Tuesday. Canaccord Genuity Group cut their price target on D-Wave Quantum from $43.00 to $41.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, Weiss Ratings cut D-Wave Quantum from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, April 29th. Fourteen research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, D-Wave Quantum currently has an average rating of “Moderate Buy” and an average target price of $34.67.

D-Wave Quantum Price Performance

The stock has a fifty day moving average of $17.95 and a two-hundred day moving average of $22.74. The stock has a market cap of $8.19 billion, a price-to-earnings ratio of -19.59 and a beta of 1.95. The company has a quick ratio of 42.25, a current ratio of 42.38 and a debt-to-equity ratio of 0.04.

D-Wave Quantum (NYSE:QBTS) last announced its quarterly earnings data on Tuesday, May 12th. The company reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.03. D-Wave Quantum had a negative return on equity of 49.80% and a negative net margin of 2,957.23%.The firm had revenue of $2.86 million for the quarter, compared to analyst estimates of $4.19 million. During the same quarter in the prior year, the company posted ($0.02) earnings per share. D-Wave Quantum’s quarterly revenue was down 80.9% on a year-over-year basis. On average, equities research analysts anticipate that D-Wave Quantum Inc. will post -0.44 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO John M. Markovich sold 10,706 shares of the firm’s stock in a transaction on Friday, March 13th. The stock was sold at an average price of $17.63, for a total value of $188,746.78. Following the completion of the transaction, the chief financial officer owned 1,451,427 shares in the company, valued at $25,588,658.01. This trade represents a 0.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director John D. Dilullo sold 8,000 shares of the firm’s stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $18.01, for a total value of $144,080.00. Following the completion of the transaction, the director owned 19,803 shares of the company’s stock, valued at approximately $356,652.03. This represents a 28.77% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 31,776 shares of company stock worth $574,571. Insiders own 3.20% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Huntington National Bank increased its position in shares of D-Wave Quantum by 17.9% in the third quarter. Huntington National Bank now owns 3,300 shares of the company’s stock valued at $82,000 after buying an additional 500 shares in the last quarter. Sigma Planning Corp increased its position in shares of D-Wave Quantum by 3.6% in the fourth quarter. Sigma Planning Corp now owns 16,329 shares of the company’s stock valued at $431,000 after buying an additional 560 shares in the last quarter. AlphaStar Capital Management LLC increased its position in shares of D-Wave Quantum by 2.2% in the fourth quarter. AlphaStar Capital Management LLC now owns 27,063 shares of the company’s stock valued at $708,000 after buying an additional 592 shares in the last quarter. Noble Wealth Management PBC increased its position in shares of D-Wave Quantum by 6.7% in the fourth quarter. Noble Wealth Management PBC now owns 9,600 shares of the company’s stock valued at $251,000 after buying an additional 600 shares in the last quarter. Finally, Thoroughbred Financial Services LLC increased its position in shares of D-Wave Quantum by 0.5% in the fourth quarter. Thoroughbred Financial Services LLC now owns 131,852 shares of the company’s stock valued at $3,447,000 after buying an additional 602 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 (NYSE: QBTS) develops and provides quantum computing systems, software and services focused on quantum annealing technology. Headquartered in Burnaby, British Columbia, D-Wave designs specialized processors that leverage quantum mechanics to solve complex optimization and sampling problems. Since its founding in 1999 by physicists including Geordie Rose, the company has pursued the development of commercially viable quantum hardware and accompanying software tools.

The company’s product portfolio centers on its quantum annealers, which are complemented by hybrid solvers that integrate classical and quantum computing resources.