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

D-Wave Quantum Inc. (NASDAQ:QBTS)’s share price hit a new 52-week low on Thursday. The stock traded as low as $11.22 and last traded at $11.6620, with a volume of 1,240,033 shares trading hands. The stock had previously closed at $11.77.

Trending Headlines about D-Wave Quantum

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

• Positive Sentiment: A recent investing article identified D-Wave’s quantum-powered efficiency tools as a potential growth driver, suggesting that commercial adoption could support the company’s long-term opportunity. 3 Quantum Computing Stocks to Buy Before They Soar
• Neutral Sentiment: Multiple law firms reminded shareholders that they may seek appointment as lead plaintiff in the pending D-Wave securities class action. The principal deadline is December 15, 2026, although one notice cited December 14. These announcements primarily seek investor participation and do not establish liability. Deadline Alert for D-Wave Quantum
• Negative Sentiment: The lawsuit alleges that D-Wave and certain executives made misleading statements or failed to disclose material information between February 26 and August 25, 2026. Continued legal publicity raises potential litigation, reputational and financial risks for QBTS. D-Wave Quantum Securities Fraud Class Action Notice
• Negative Sentiment: The allegations focus in part on D-Wave’s second-quarter revenue of $3.08 million, which was below analyst expectations of roughly $4.03 million to $4.08 million. The shortfall has intensified scrutiny of the company’s growth outlook, particularly given its elevated valuation and substantial losses. QBTS Securities Class Action Deadline

Analyst Ratings Changes

Several research firms recently issued reports on QBTS. BMO Capital Markets initiated coverage on shares of D-Wave Quantum in a research report on Thursday, August 20th. They issued an “outperform” rating and a $35.00 price target for the company. Benchmark initiated coverage on D-Wave Quantum in a report on Monday, July 27th. They issued a “buy” rating and a $30.00 target price for the company. Roth Capital restated a “buy” rating and set a $30.00 target price on shares of D-Wave Quantum in a research report on Thursday, August 6th. Rosenblatt Securities restated a “buy” rating and set a $43.00 target price on shares of D-Wave Quantum in a research report on Friday, August 7th. Finally, Canaccord Genuity Group set a $35.00 price target on D-Wave Quantum in a research note on Thursday, August 6th. Thirteen investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $36.27.

D-Wave Quantum Price Performance

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 stock has a market capitalization of $3.94 billion, a P/E ratio of -15.00 and a beta of 2.18. The company’s 50 day simple moving average is $15.45 and its two-hundred day simple moving average is $19.38.

D-Wave Quantum (NASDAQ:QBTS) last posted its quarterly earnings data on Thursday, August 6th. The company reported ($0.10) earnings per share 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 firm had revenue of $3.08 million for the quarter, compared to analyst estimates of $4.03 million. During the same period in the previous year, the business posted ($0.08) EPS. The business’s quarterly revenue was down 0.6 on a year-over-year basis. As a group, equities analysts expect that D-Wave Quantum Inc. will post -0.46 EPS for the current fiscal year.

Institutional Trading of D-Wave Quantum

A number of hedge funds and other institutional investors have recently made changes to their positions in QBTS. Burr Financial Services LLC bought a new position in D-Wave Quantum during the third quarter worth about $6,343,000. Allspring Global Investments Holdings LLC grew its stake in D-Wave Quantum by 319.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 98,747 shares of the company’s stock valued at $1,353,000 after acquiring an additional 75,198 shares during the period. The Manufacturers Life Insurance Company increased its holdings in shares of D-Wave Quantum by 64.7% in the first quarter. The Manufacturers Life Insurance Company now owns 183,481 shares of the company’s stock worth $2,648,000 after acquiring an additional 72,100 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of D-Wave Quantum by 289.4% in the first quarter. Dimensional Fund Advisors LP now owns 143,064 shares of the company’s stock worth $2,064,000 after acquiring an additional 106,324 shares in the last quarter. Finally, Citizens Financial Group Inc. RI acquired a new stake in shares of D-Wave Quantum during the second quarter worth about $1,945,000. 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.