D-Wave Quantum (NASDAQ:QBTS) Sets New 1-Year Low – Here’s What Happened

D-Wave Quantum Inc. (NASDAQ:QBTS) shares hit a new 52-week low during trading on Thursday. The company traded as low as $9.94 and last traded at $10.0230, with a volume of 368,789 shares trading hands. The stock had previously closed at $10.38.

Key D-Wave Quantum News

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

• Positive Sentiment: D-Wave says its upgraded Stride hybrid solver found better solutions in 15 seconds than the previous version did in 120 seconds. The company also launched developer training courses, steps that may help encourage use of its technology. D-Wave announces solver improvements and developer training
• Negative Sentiment: Investor-rights firms are publicizing a securities class action covering investors who bought QBTS shares from February 26 through August 25, 2026. The complaint alleges material misstatements or omissions about the company’s prospects; investors have until December 15 to seek lead-plaintiff status. The allegations are not findings of liability. Class action deadline and allegations
• Negative Sentiment: QBTS fell about 36% in October amid a broad retreat in quantum-computing shares. Reports pointed to dilution concerns after IonQ announced a $2 billion equity offering, adding pressure across the sector. Quantum sector selloff in October
• Negative Sentiment: Analyst actions have added to concerns: reports cite a downgrade and lowered expectations for D-Wave, while broader quantum-stock coverage noted substantial price-target cuts. B. Riley lowers expectations for D-Wave

Analyst Ratings Changes

Several analysts have commented on the stock. Benchmark initiated coverage on shares of D-Wave Quantum in a research report on Monday, July 27th. They issued a “buy” rating and a $30.00 target price for the company. Rosenblatt Securities reiterated a “buy” rating and set a $43.00 price target on shares of D-Wave Quantum in a report on Friday, August 7th. Zacks Research cut shares of D-Wave Quantum from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 18th. Weiss Ratings raised shares of D-Wave Quantum from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, August 28th. Finally, Wedbush initiated coverage on shares of D-Wave Quantum in a report on Monday, August 3rd. They issued an “outperform” rating and a $40.00 target price on the stock. Thirteen 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 MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $35.40.

D-Wave Quantum Stock Down 11.6%

The company has a market cap of $3.39 billion, a P/E ratio of -13.27 and a beta of 2.35. The firm’s 50 day moving average price is $14.89 and its 200-day moving average price is $19.09. The company has a current ratio of 20.55, a quick ratio of 20.42 and a debt-to-equity ratio of 0.03.

D-Wave Quantum (NASDAQ:QBTS) last posted its earnings results on Thursday, August 6th. The company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates 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 prior year, the business posted ($0.08) EPS. The firm’s quarterly revenue was down 0.6 compared to the same quarter last year. As a group, equities research analysts expect that D-Wave Quantum Inc. will post -0.50 EPS for the current year.

Hedge Funds Weigh In On D-Wave Quantum

Institutional investors have recently modified their holdings of the business. Lido Advisors LLC grew its position in D-Wave Quantum by 52.4% in the third quarter. Lido Advisors LLC now owns 34,862 shares of the company’s stock valued at $578,000 after acquiring an additional 11,985 shares during the last quarter. Keybank National Association OH boosted its stake in shares of D-Wave Quantum by 92.3% in the 3rd quarter. Keybank National Association OH now owns 22,167 shares of the company’s stock valued at $367,000 after purchasing an additional 10,637 shares in the last quarter. AlphaCore Capital LLC acquired a new stake in shares of D-Wave Quantum in the 3rd quarter valued at approximately $172,000. Syntax Research Inc. bought a new stake in shares of D-Wave Quantum during the 3rd quarter valued at approximately $131,000. Finally, J. Derek Lewis & Associates Inc. bought a new stake in shares of D-Wave Quantum during the 3rd quarter valued at approximately $225,000. Institutional investors and hedge funds own 42.47% of the company’s stock.

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.