D-Wave Quantum (NYSE:QBTS) Trading Up 5.6% – Should You Buy?

D-Wave Quantum Inc. (NYSE:QBTS) was up 5.6% during trading on Wednesday . The company traded as high as $19.81 and last traded at $19.7040. Approximately 25,112,991 shares were traded during mid-day trading, a decline of 24% from the average daily volume of 33,069,625 shares. The stock had previously closed at $18.66.

Key D-Wave Quantum News

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

• Positive Sentiment: Material bookings and enterprise traction — Management reported Q4 bookings of $13.4M (big sequential jump) and said January bookings topped $30M; the company also disclosed large Advantage2 system sales and institutional contracts that underpin future revenue upside. MarketBeat: Despite a Double Miss
• Positive Sentiment: Strong cash runway following the Quantum Circuits acquisition — D-Wave finished the period with roughly $885M in cash & marketable securities even after the acquisition and cash outlays, which reduces near-term financing risk while the company invests in R&D and go-to-market. MarketBeat: Cash Position
• Neutral Sentiment: Full earnings materials and call transcripts are available for investors who want details on bookings composition, margin outlook and integration plans; the call provides color but no immediate catalytic guidance. Earnings Call Transcript
• Neutral Sentiment: Analysts remain largely constructive but are resetting targets — several firms kept buy/outperform ratings while trimming targets, leaving consensus upside but lowering near-term sentiment. Benzinga: Analyst Coverage
• Negative Sentiment: Double miss on the quarter — reported EPS missed estimates (wider loss than expected) and revenue of $2.75M came in below consensus, highlighting that current monetization remains small and lumpy. Zacks: Q4 Earnings Miss
• Negative Sentiment: Post-earnings price-target cuts and investor rotation pressured the rally — several firms trimmed targets (examples: Needham, Mizuho, Roth) and media noted an initial pop that faded as analysts lowered targets and investors weighed long-term promise versus weak near-term results. The Motley Fool: Reaction

Wall Street Analyst Weigh In

Several brokerages recently issued reports on QBTS. Evercore began coverage on shares of D-Wave Quantum in a research note on Wednesday, December 3rd. They set an “outperform” rating and a $44.00 price objective for the company. Wall Street Zen cut D-Wave Quantum from a “hold” rating to a “sell” rating in a report on Saturday, February 7th. Benchmark restated a “buy” rating and issued a $35.00 price target on shares of D-Wave Quantum in a research report on Friday, January 23rd. Rosenblatt Securities reiterated a “buy” rating and set a $43.00 price objective on shares of D-Wave Quantum in a research report on Wednesday, January 28th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of D-Wave Quantum in a research note on Monday, December 29th. Fourteen research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, D-Wave Quantum currently has an average rating of “Moderate Buy” and a consensus price target of $36.50.

D-Wave Quantum Stock Down 7.0%

The firm has a 50-day moving average of $24.24 and a two-hundred day moving average of $24.90. The company has a quick ratio of 54.49, a current ratio of 54.68 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $6.93 billion, a PE ratio of -17.03 and a beta of 1.56.

D-Wave Quantum (NYSE:QBTS) last announced its quarterly earnings results on Thursday, February 26th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.04). The business had revenue of $2.75 million during the quarter, compared to analyst estimates of $3.74 million. D-Wave Quantum had a negative net margin of 1,444.10% and a negative return on equity of 67.75%. The firm’s revenue was up 21.7% on a year-over-year basis. Equities research analysts predict that D-Wave Quantum Inc. will post -0.41 earnings per share for the current fiscal year.

Insider Buying and Selling

In other D-Wave Quantum news, Director John D. Dilullo sold 8,000 shares of the stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $27.36, for a total transaction of $218,880.00. Following the completion of the transaction, the director owned 27,803 shares of the company’s stock, valued at $760,690.08. This trade represents a 22.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Rohit Ghai sold 10,000 shares of D-Wave Quantum stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $24.28, for a total transaction of $242,800.00. Following the sale, the director owned 37,778 shares of the company’s stock, valued at approximately $917,249.84. This represents a 20.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,074,466 shares of company stock valued at $31,558,806 over the last three months. Company insiders own 3.20% of the company’s stock.

Institutional Trading of D-Wave Quantum

A number of institutional investors and hedge funds have recently added to or reduced their stakes in QBTS. Root Financial Partners LLC grew its stake in shares of D-Wave Quantum by 388.0% in the fourth quarter. Root Financial Partners LLC now owns 976 shares of the company’s stock valued at $26,000 after buying an additional 776 shares in the last quarter. Kemnay Advisory Services Inc. acquired a new position in D-Wave Quantum during the 4th quarter worth about $28,000. EverSource Wealth Advisors LLC boosted its holdings in D-Wave Quantum by 267.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,151 shares of the company’s stock valued at $30,000 after acquiring an additional 838 shares during the period. Mcguire Capital Advisors Inc. acquired a new position in D-Wave Quantum in the 4th quarter valued at about $31,000. Finally, Ancora Advisors LLC purchased a new stake in D-Wave Quantum during the third quarter worth about $30,000. Hedge funds and other institutional investors own 42.47% of the company’s stock.

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.