D-Wave Quantum (NASDAQ:QBTS) Stock Jumps 4% – Here’s What Happened

D-Wave Quantum Inc. (NASDAQ:QBTS) shot up 4% on Thursday. The stock traded as high as $17.58 and last traded at $17.48. 18,509,789 shares were traded during trading, a decline of 32% from the average session volume of 27,280,258 shares. The stock had previously closed at $16.81.

Trending Headlines about D-Wave Quantum

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

• Positive Sentiment: CGI enterprise partnership: D-Wave and CGI announced a strategic collaboration to help customers deploy D-Wave’s Advantage2 system and hybrid solvers in logistics, transportation, retail and other industries. The deal supports D-Wave’s effort to move quantum computing from research projects toward practical enterprise applications. D-Wave Quantum and CGI Partner to Bring Advantage2 to Enterprise Clients
• Positive Sentiment: Government funding and commercial momentum: Recent coverage highlighted up to $100 million in CHIPS funding, new production deployments and expanded partnerships. The funding could strengthen D-Wave’s balance sheet and support system development, while deployments offer potential validation of its technology. Here’s How QBTS Deepens Quantum Push With Funding and New Deals
• Positive Sentiment: Sector-wide rebound: Quantum stocks continued recovering as investors digested recent technical breakthroughs and new industry announcements, including developments from IonQ. This broader momentum is providing a favorable trading backdrop for QBTS, although it is not specific to D-Wave’s near-term financial results. IonQ Rises as Post-Breakthrough Buying Continues
• Neutral Sentiment: Leadership update: Senior Vice President of Finance Gregory Golkov was formally appointed acting chief financial officer. D-Wave also disclosed a roughly $550,000 equity award, which may attract investor attention but does not by itself materially change the company’s operating outlook. QBTS Stock Drops as D-Wave Discloses Acting CFO Equity Award
• Negative Sentiment: Valuation and financial risks remain: Analysts continue to flag D-Wave’s sizable losses, cash burn and uncertain commercialization timeline. The company recently missed quarterly revenue and earnings expectations, while its elevated valuation leaves the stock vulnerable to higher interest rates or disappointing execution.
• Negative Sentiment: Legal overhang: Law firms announced investigations involving D-Wave and encouraged investors to contact them. Such notices may add uncertainty and weigh on sentiment, although they do not establish wrongdoing or necessarily indicate a material financial impact.

Analyst Upgrades and Downgrades

QBTS has been the topic of a number of recent analyst reports. Zacks Research downgraded shares of D-Wave Quantum from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 18th. Stifel Nicolaus set a $35.00 price objective on shares of D-Wave Quantum in a research note on Tuesday, June 2nd. Canaccord Genuity Group set a $35.00 price objective on D-Wave Quantum in a report on Thursday, August 6th. Rosenblatt Securities reiterated a “buy” rating and set a $43.00 target price on shares of D-Wave Quantum in a research report on Friday, August 7th. Finally, Jefferies Financial Group set a $40.00 target price on D-Wave Quantum in a report on Friday, August 7th. Thirteen equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, D-Wave Quantum presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.27.

D-Wave Quantum Trading Up 4.0%

The business’s 50 day simple moving average is $18.18 and its 200 day simple moving average is $19.89. The company has a debt-to-equity ratio of 0.03, a current ratio of 20.55 and a quick ratio of 20.42. The company has a market capitalization of $6.47 billion, a price-to-earnings ratio of -24.62 and a beta of 2.15.

D-Wave Quantum (NASDAQ:QBTS) last released its quarterly earnings results on Thursday, August 6th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.02). The company had revenue of $3.08 million for the quarter, compared to analysts’ expectations 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 quarterly 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) EPS. Research analysts anticipate that D-Wave Quantum Inc. will post -0.46 EPS for the current year.

Insider Buying and Selling at D-Wave Quantum

In other news, VP Sophie Ames sold 3,070 shares of the business’s stock in a transaction that occurred on Monday, July 20th. The stock was sold at an average price of $16.95, for a total value of $52,036.50. Following the transaction, the vice president owned 589,009 shares of the company’s stock, valued at approximately $9,983,702.55. The trade was a 0.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On D-Wave Quantum

A number of hedge funds and other institutional investors have recently bought and sold shares of QBTS. Tidal Investments LLC acquired a new position in D-Wave Quantum in the 2nd quarter valued at $372,000. Archford Capital Strategies LLC purchased a new stake in shares of D-Wave Quantum in the second quarter valued at about $200,000. WINTON GROUP Ltd purchased a new stake in D-Wave Quantum in the 2nd quarter valued at approximately $6,720,000. NorthRock Partners LLC acquired a new stake in D-Wave Quantum in the 2nd quarter valued at about $359,000. Finally, Integrated Wealth Concepts LLC boosted its stake in D-Wave Quantum by 18.2% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 17,136 shares of the company’s stock worth $411,000 after buying an additional 2,640 shares during the last quarter. 42.47% of the stock is currently owned by hedge funds and other institutional investors.

D-Wave Quantum Company Profile

D-Wave Quantum Inc develops quantum computing systems, software, and services for commercial, government, and research customers. The company is best known for its quantum annealing technology, which is designed to help solve complex optimization problems involving areas such as logistics, scheduling, manufacturing, artificial intelligence, and financial modeling.

D-Wave also develops gate-model quantum computing technology and provides access to its systems through cloud-based services, including the Leap quantum application environment.