D-Wave Quantum (NASDAQ:QBTS) Reaches New 1-Year Low – Time to Sell?

Posted by Geri Gentry on Oct 23rd, 2026

D-Wave Quantum Inc. (NASDAQ:QBTS – Get Free Report)’s share price reached a new 52-week low on Friday. The company traded as low as $11.29 and last traded at $11.5010, with a volume of 1,035,701 shares. The stock had previously closed at $11.63.

Trending Headlines about D-Wave Quantum

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

Positive Sentiment: Several analyses point to D-Wave’s commercial growth potential, including its existing quantum-computing sales and increasing bookings. Expansion updates and a sharply lower share price have also prompted some investors to consider whether QBTS could represent a speculative bargain for those willing to wait years for broader quantum adoption. Is D Wave Quantum QBTS A Bargain After Its Lawsuit And Expansion Updates?
Neutral Sentiment: Multiple law firms publicized the same securities class action involving investors who purchased QBTS shares between February 26 and August 25, 2026. The lead-plaintiff deadline is December 15, 2026. The announcements largely repeat one another and do not represent new findings against D-Wave; they primarily seek investors to participate or serve as lead plaintiff. QBTS Investor Deadline
Negative Sentiment: The lawsuits allege that D-Wave and certain executives made material misstatements or omissions about the company’s financial and operating prospects, including growth momentum ahead of a revenue shortfall and a CFO departure. Continued legal headlines increase reputational and potential financial risk, even though the allegations remain unproven. Pomerantz Class Action Filing
Negative Sentiment: Investor commentary continues to emphasize QBTS’s demanding valuation relative to modest revenue and ongoing losses. D-Wave’s latest reported quarter missed both earnings and revenue expectations, while analysts expect another full-year loss, reinforcing concerns that commercial quantum computing may take years to become consistently profitable. D-Wave Quantum Carries a Heavy Valuation

Wall Street Analyst Weigh In

A number of research analysts have recently commented on QBTS shares. Wedbush initiated coverage on shares of D-Wave Quantum in a research report on Monday, August 3rd. They set an “outperform” rating and a $40.00 price target for the company. Canaccord Genuity Group set a $35.00 price objective on D-Wave Quantum in a research report on Thursday, August 6th. BMO Capital Markets assumed coverage on D-Wave Quantum in a research report on Thursday, August 20th. They set an “outperform” rating and a $35.00 target price for the company. Wall Street Zen upgraded D-Wave Quantum from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 8th. Finally, Weiss Ratings upgraded D-Wave Quantum from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, August 28th. Thirteen 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 company’s stock. According to data from MarketBeat, D-Wave Quantum currently has a consensus rating of “Moderate Buy” and a consensus price target of $36.27.

View Our Latest Stock Analysis on QBTS

D-Wave Quantum Trading Down 1.2%

The stock’s fifty day moving average price is $16.39 and its two-hundred day moving average price is $19.63. The company has a current ratio of 20.55, a quick ratio of 20.42 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $4.25 billion, a P/E ratio of -16.18 and a beta of 2.18.

D-Wave Quantum (NASDAQ:QBTS – Get Free Report) last announced its quarterly earnings data 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). D-Wave Quantum had a negative net margin of 2,001.59% and a negative return on equity of 26.67%. The company had revenue of $3.08 million for the quarter, compared to the consensus estimate of $4.03 million. During the same period last year, the business posted ($0.08) earnings per share. The firm’s quarterly revenue was down 0.6 compared to the same quarter last year. Equities research analysts forecast that D-Wave Quantum Inc. will post -0.46 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of QBTS. BlackRock Inc. purchased a new position in D-Wave Quantum during the 2nd quarter valued at $795,206,000. Bank of America Corp DE purchased a new stake in shares of D-Wave Quantum in the 2nd quarter worth about $104,183,000. Bank of New York Mellon Corp purchased a new stake in shares of D-Wave Quantum in the 2nd quarter worth about $54,951,000. Wellington Management Group LLP boosted its stake in shares of 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 valued at $43,663,000 after purchasing an additional 1,434,657 shares in the last quarter. Finally, Van ECK Associates Corp boosted its stake in shares of 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 valued at $56,132,000 after purchasing an additional 806,835 shares in the last quarter. Institutional investors own 42.47% of the company’s stock.

About D-Wave Quantum

(Get Free Report)

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.