D-Wave Quantum (NASDAQ:QBTS) Hits New 52-Week Low – Here’s Why

D-Wave Quantum Inc. (NASDAQ:QBTS)’s stock price reached a new 52-week low during mid-day trading on Wednesday. The company traded as low as $12.62 and last traded at $12.6560, with a volume of 2,784,508 shares. The stock had previously closed at $13.38.

More D-Wave Quantum News

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

• Positive Sentiment: Italy deployment supports commercial traction. D-Wave delivered its Advantage2 annealing quantum computer to Como, Italy, for installation at Villa Saporiti. The system is funded by Swiss Quantum Technology SA as part of a broader Q-Alliance initiative, providing evidence of international customer and partner adoption. D-Wave Delivers Italy’s First Annealing Quantum Computer
• Positive Sentiment: SkyWater manufacturing agreement extended. D-Wave and SkyWater Technology renewed their multi-year quantum-chip manufacturing partnership, preserving access to specialized semiconductor fabrication for D-Wave’s superconducting processors. The companies also plan to use D-Wave technology to improve SkyWater’s manufacturing operations. D-Wave Quantum, SkyWater Extend Quantum Chip Manufacturing Partnership
• Positive Sentiment: Quantum stocks rebounded after the prior session’s dilution fears. D-Wave participated in a broader recovery involving IonQ and Rigetti, suggesting some investors viewed the recent sector selloff as an opportunity to buy. Quantum Computing Stocks Rebound After Dilution Scare
• Neutral Sentiment: Long-term upside remains speculative. Commentary highlights D-Wave’s differentiated annealing and gate-model approach and the possibility that quantum computing becomes a major technology market, but also questions whether the company’s valuation is supported by its current assets and financial performance. Could Investing $5,000 in D-Wave Quantum Stock Today Make You a Millionaire?
• Negative Sentiment: Investor-law-firm investigations add legal risk. Robbins LLP is investigating allegations that D-Wave overstated its business and financial prospects. A separate investor alert urges shareholders to contact counsel, potentially increasing reputational, litigation, and disclosure risks. Investor Alert: Robbins LLP Informs Investors of the D-Wave Quantum Inc. Class Action Lawsuit

Wall Street Analyst Weigh In

QBTS has been the topic of several research reports. 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 target on the stock. Rosenblatt Securities restated a “buy” rating and set a $43.00 price objective on shares of D-Wave Quantum in a research report on Friday, August 7th. Roth Capital restated a “buy” rating and set a $30.00 price objective on shares of D-Wave Quantum in a research report on Thursday, August 6th. BMO Capital Markets initiated 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 objective on the stock. Finally, Weiss Ratings raised shares of D-Wave Quantum from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, August 28th. Thirteen investment 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’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $36.27.

D-Wave Quantum Trading Up 6.5%

The company has a fifty day simple moving average of $17.26 and a 200-day simple moving average of $19.70. 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) last released 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). The company had revenue of $3.08 million for the quarter, compared to the consensus estimate 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 business’s revenue was down 0.6 compared to the same quarter last year. During the same period in the prior year, the business earned ($0.08) earnings per share. As a group, analysts anticipate that D-Wave Quantum Inc. will post -0.46 EPS for the current year.

Insider Activity at D-Wave Quantum

In other news, VP Sophie Ames sold 3,070 shares of the company’s stock in a transaction on Monday, July 20th. The stock was sold at an average price of $16.95, for a total transaction of $52,036.50. Following the completion of the sale, the vice president directly owned 589,009 shares of the company’s stock, valued at $9,983,702.55. This represents a 0.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On D-Wave Quantum

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

About D-Wave Quantum

D-Wave Quantum Inc is a quantum-computing company that develops and delivers quantum systems, software and cloud-based services for commercial, government and research customers. The company focuses on quantum annealing, an approach designed to address complex optimization problems, and is also developing gate-model quantum-computing capabilities.

Its offerings include D-Wave quantum computers, the Leap quantum cloud service, and the Ocean software development kit. Through these products, customers can access quantum hardware, build and test applications, and combine quantum processing with classical computing through hybrid solvers.