D-Wave Quantum (NYSE:QBTS) Trading Down 1% – Should You Sell?

D-Wave Quantum Inc. (NYSE:QBTS)’s stock price dropped 1% on Monday . The company traded as low as $23.52 and last traded at $24.44. Approximately 28,191,971 shares were traded during trading, a decline of 13% from the average daily volume of 32,302,932 shares. The stock had previously closed at $24.69.

Key Headlines Impacting D-Wave Quantum

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

• Positive Sentiment: Trump administration executive orders are expected to accelerate U.S. quantum computing investment and create new government contracting opportunities for D-Wave Quantum. D-Wave Quantum (QBTS) Could See New Openings After White House Quantum Orders
• Positive Sentiment: Articles suggesting D-Wave’s recent breakthrough, growing bookings, and backlog could support faster demand for its quantum systems have helped reinforce the bullish long-term narrative. D-Wave Just Unveiled a Major Quantum Breakthrough. QBTS Stock Looks Ready for Another Surge.
• Positive Sentiment: Coverage also noted D-Wave’s push beyond quantum annealing into gate-model quantum computing, which may broaden its addressable market over time. D-Wave Pushes Beyond Quantum Annealing. Is QBTS Stock Worth Buying Now?
• Neutral Sentiment: Broader market commentary has shifted toward separating likely quantum winners from weaker names, adding to volatility across the sector. Why Investors Are Finally Separating Quantum Computing Winners From Losers
• Negative Sentiment: Despite the policy boost, some investors may be weighing D-Wave’s still-weak revenue profile and whether the stock has moved ahead of fundamentals. D-Wave Quantum: Trump’s Orders Make This Speculative Buy Worth Watching

Analyst Ratings Changes

QBTS has been the topic of a number of recent research reports. Stifel Nicolaus set a $35.00 price target on shares of D-Wave Quantum in a research report on Tuesday, June 2nd. Needham & Company LLC reiterated a “buy” rating and set a $40.00 price objective on shares of D-Wave Quantum in a research note on Tuesday, June 2nd. Northland Securities started coverage on shares of D-Wave Quantum in a report on Monday, April 20th. They issued a “market perform” rating and a $22.00 target price on the stock. Canaccord Genuity Group cut their target price on shares of D-Wave Quantum from $43.00 to $41.00 and set a “buy” rating on the stock in a report on Wednesday, May 13th. Finally, Roth Mkm lifted their target price on D-Wave Quantum from $30.00 to $40.00 and gave the company a “buy” rating in a research note on Tuesday, June 2nd. Fourteen analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $36.80.

D-Wave Quantum Trading Down 8.2%

The company has a current ratio of 21.41, a quick ratio of 21.31 and a debt-to-equity ratio of 0.03. The stock has a market cap of $8.50 billion, a P/E ratio of -20.34 and a beta of 2.05. The firm’s 50-day simple moving average is $23.16 and its 200 day simple moving average is $22.36.

D-Wave Quantum (NYSE:QBTS) last announced its quarterly 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. The company had revenue of $2.86 million for the quarter, compared to analyst estimates of $4.19 million. D-Wave Quantum had a negative net margin of 2,957.23% and a negative return on equity of 44.06%. D-Wave Quantum’s revenue was down 80.9% compared to the same quarter last year. During the same quarter last year, the business earned ($0.02) earnings per share. As a group, equities research analysts anticipate that D-Wave Quantum Inc. will post -0.43 earnings per share for the current year.

Insider Transactions at D-Wave Quantum

In other D-Wave Quantum news, Director Rohit Ghai sold 13,518 shares of D-Wave Quantum stock in a transaction on Monday, June 15th. The stock was sold at an average price of $26.41, for a total transaction of $357,010.38. Following the sale, the director owned 23,617 shares of the company’s stock, valued at $623,724.97. The trade was a 36.40% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Sophie C. Ames sold 23,025 shares of the business’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $18.98, for a total value of $437,014.50. Following the transaction, the vice president owned 596,803 shares of the company’s stock, valued at $11,327,320.94. This trade represents a 3.71% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 1,363,842 shares of company stock worth $35,802,656 over the last quarter. Insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On D-Wave Quantum

Institutional investors have recently bought and sold shares of the stock. Root Financial Partners LLC increased its stake in D-Wave Quantum by 388.0% during the 4th quarter. Root Financial Partners LLC now owns 976 shares of the company’s stock valued at $26,000 after buying an additional 776 shares during the period. Kemnay Advisory Services Inc. bought a new stake in shares of D-Wave Quantum during the 4th quarter worth about $28,000. EverSource Wealth Advisors LLC lifted its stake in shares of D-Wave Quantum by 267.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,151 shares of the company’s stock worth $30,000 after acquiring an additional 838 shares during the period. Mcguire Capital Advisors Inc. acquired a new stake in shares of D-Wave Quantum in the 4th quarter worth approximately $31,000. Finally, Ancora Advisors LLC bought a new position in shares of D-Wave Quantum in the third quarter valued at approximately $30,000. Institutional investors and hedge funds own 42.47% of the company’s stock.

About D-Wave Quantum

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.