D-Wave Quantum (NYSE:QBTS) Stock Price Up 11.1% – What’s Next?

D-Wave Quantum Inc. (NYSE:QBTS)’s share price was up 11.1% during mid-day trading on Thursday . The stock traded as high as $18.13 and last traded at $17.98. Approximately 19,905,449 shares were traded during trading, a decline of 34% from the average daily volume of 30,248,213 shares. The stock had previously closed at $16.18.

Key D-Wave Quantum News

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

• Positive Sentiment: Expanded AT&T partnership strengthens D-Wave’s commercial case. AT&T is broadening its use of D-Wave’s annealing-based quantum technology across multiple network-operations workflows. One optimization task reportedly fell from approximately one hour to less than 15 seconds, highlighting a potentially meaningful enterprise application. Is D-Wave Quantum’s AT&T Win Quietly Redefining Its Competitive Edge in Enterprise Computing?
• Positive Sentiment: Analyst support remains favorable. Rosenblatt Securities reiterated its Buy rating, while Benchmark initiated coverage with a Buy rating and a $30 price target. The new coverage adds to a generally bullish view as investors focus on D-Wave’s bookings, backlog and commercial traction ahead of earnings. Rosenblatt Reiterates Buy Rating for D-Wave Quantum
• Positive Sentiment: D-Wave is viewed as better positioned than some quantum peers. Recent comparisons point to record bookings, an expanding backlog and stronger commercial momentum than Rigetti Computing, factors that could support QBTS if upcoming results confirm continued demand. RGTI vs. QBTS: Which Quantum Stock Is Better Ahead of Q2 Earnings?
• Neutral Sentiment: Second-quarter earnings are the next major catalyst. Results from D-Wave and other quantum companies could determine whether the sector’s recent sell-off has gone too far. Investors will likely focus on bookings, revenue growth, cash usage and management’s outlook for AT&T-related opportunities. Quantum Earnings Could Decide Whether the Sector’s Sell-Off Has Gone Too Far
• Negative Sentiment: Insider selling and sector-wide risk remain overhangs. Vice President Sophie Ames sold 3,070 shares for about $52,000 under a pre-arranged Rule 10b5-1 plan, a relatively small reduction in her holdings. Meanwhile, quantum stocks have suffered a sharp pullback as investors reduce exposure to high-multiple, pre-profit technology companies. D-Wave Quantum Stock Price Down After Insider Selling
• Negative Sentiment: Fundamentals remain speculative. D-Wave’s latest reported revenue was only $2.86 million and declined sharply year over year, while the company remains unprofitable. Continued gains will depend on converting partnerships such as AT&T into sustained revenue growth and improving financial results.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on QBTS. B. Riley Financial lifted their price objective on shares of D-Wave Quantum from $36.00 to $40.00 and gave the company a “buy” rating in a research report on Tuesday, June 2nd. Needham & Company LLC reissued a “buy” rating and set a $40.00 price objective on shares of D-Wave Quantum in a report on Tuesday, June 2nd. Zacks Research raised shares of D-Wave Quantum from a “hold” rating to a “strong-buy” rating in a report on Monday, July 20th. Cantor Fitzgerald reissued an “overweight” rating and issued a $40.00 target price on shares of D-Wave Quantum in a report on Wednesday, May 13th. Finally, Mizuho raised their price target on D-Wave Quantum from $29.00 to $35.00 and gave the company an “outperform” rating in a research report on Monday, June 15th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.47.

D-Wave Quantum Trading Up 11.1%

The business’s fifty day moving average price is $22.93 and its 200 day moving average price is $20.97. The company has a quick ratio of 21.31, a current ratio of 21.41 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $6.65 billion, a PE ratio of -15.91 and a beta of 2.11.

D-Wave Quantum (NYSE:QBTS) last released its earnings results on Tuesday, May 12th. The company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.08) by $0.03. D-Wave Quantum had a negative return on equity of 44.06% and a negative net margin of 2,957.23%.The firm had revenue of $2.86 million during the quarter, compared to analyst estimates of $4.19 million. During the same period in the prior year, the firm posted ($0.02) earnings per share. The business’s quarterly revenue was down 80.9% compared to the same quarter last year. As a group, analysts expect that D-Wave Quantum Inc. will post -0.42 EPS for the current fiscal year.

Insider Activity

In other D-Wave Quantum news, CFO John M. Markovich sold 328,752 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $27.70, for a total value of $9,106,430.40. Following the completion of the transaction, the chief financial officer owned 1,442,820 shares in the company, valued at $39,966,114. This represents a 18.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Rohit Ghai sold 13,518 shares of the company’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $26.41, for a total transaction of $357,010.38. Following the completion of the transaction, the director owned 23,617 shares of the company’s stock, valued at $623,724.97. This trade represents a 36.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 1,363,842 shares of company stock valued at $35,789,148 over the last quarter. 1.30% of the stock is owned by insiders.

Institutional Trading of D-Wave Quantum

Institutional investors have recently added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA acquired a new stake in D-Wave Quantum during the fourth quarter valued at approximately $1,114,000. World Investment Advisors grew its position in shares of D-Wave Quantum by 195.7% in the 4th quarter. World Investment Advisors now owns 41,691 shares of the company’s stock worth $1,090,000 after acquiring an additional 27,592 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of D-Wave Quantum by 319.3% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 98,747 shares of the company’s stock worth $1,353,000 after acquiring an additional 75,198 shares in the last quarter. Clear Street Group Inc. increased its holdings in shares of D-Wave Quantum by 40.4% in the 4th quarter. Clear Street Group Inc. now owns 4,281,254 shares of the company’s stock valued at $111,955,000 after acquiring an additional 1,232,106 shares during the last quarter. Finally, Cibc World Market Inc. increased its holdings in shares of D-Wave Quantum by 295.0% in the 4th quarter. Cibc World Market Inc. now owns 54,760 shares of the company’s stock valued at $1,432,000 after acquiring an additional 40,897 shares during the last quarter. 42.47% of the stock is owned by institutional investors and hedge funds.

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.