D-Wave Quantum (NASDAQ:QBTS) Stock Falls 3% – Here’s Why

D-Wave Quantum Inc. (NASDAQ:QBTS)’s share price was down 3% during trading on Wednesday. The company traded as low as $11.50 and last traded at $11.77. Approximately 13,809,134 shares traded hands during mid-day trading, a decline of 46% from the average session volume of 25,784,371 shares. The stock had previously closed at $12.13.

More D-Wave Quantum News

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

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on QBTS shares. Weiss Ratings upgraded D-Wave Quantum from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, August 28th. Wall Street Zen upgraded shares of D-Wave Quantum from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 8th. Benchmark began coverage on shares of D-Wave Quantum in a report on Monday, July 27th. They set a “buy” rating and a $30.00 price objective on the stock. BMO Capital Markets began coverage on shares of D-Wave Quantum in a report on Thursday, August 20th. They set an “outperform” rating and a $35.00 price objective on the stock. Finally, Rosenblatt Securities restated a “buy” rating and issued a $43.00 price objective on shares of D-Wave Quantum in a research report on Friday, August 7th. Thirteen equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.27.

D-Wave Quantum Price Performance

The stock has a 50-day simple moving average of $15.45 and a 200 day simple moving average of $19.38. 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 has a debt-to-equity ratio of 0.03, a quick ratio of 20.42 and a current ratio of 20.55.

D-Wave Quantum (NASDAQ:QBTS) last released 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). The firm 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 company’s revenue was down 0.6 compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.08) EPS. On average, equities analysts forecast that D-Wave Quantum Inc. will post -0.46 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new position in shares of D-Wave Quantum in the 2nd quarter valued at $795,206,000. Bank of America Corp DE bought a new stake in shares of D-Wave Quantum in the 2nd quarter valued at $104,183,000. Van ECK Associates Corp raised its stake in D-Wave Quantum by 52.6% during the 2nd 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 acquired a new stake in D-Wave Quantum during the 2nd quarter worth $54,951,000. Finally, Wellington Management Group LLP raised its stake in D-Wave Quantum by 372.2% during the 2nd quarter. Wellington Management Group LLP now owns 1,820,070 shares of the company’s stock worth $43,663,000 after buying an additional 1,434,657 shares during the period. 42.47% of the stock is currently owned by institutional investors and hedge funds.

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.