D-Wave Quantum (NASDAQ:QBTS) Stock Price Down 7.9% – Time to Sell?

Posted by Francis Steltz on Oct 30th, 2026

D-Wave Quantum Inc. (NASDAQ:QBTS – Get Free Report)’s stock price was down 7.9% during mid-day trading on Friday. The stock traded as low as $10.23 and last traded at $10.65. Approximately 18,530,258 shares were traded during mid-day trading, a decline of 28% from the average session volume of 25,689,125 shares. The stock had previously closed at $11.56.

D-Wave Quantum News Summary

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

Positive Sentiment: D-Wave continues to receive favorable attention from growth-oriented investors as a pure-play quantum-computing company. Commentary has highlighted its quantum-powered optimization tools and the broader sector’s long-term potential. 3 Quantum Computing Stocks to Buy Before They Soar in 2027
Positive Sentiment: Quantum-computing coverage also identifies D-Wave as a company investors should monitor, although the sector’s long-term opportunity remains speculative and dependent on commercial adoption and revenue growth. 5 Quantum Computing Stocks Investors Should Be Watching in 2027
Neutral Sentiment: Several firms reminded investors that December 15, 2026 is the deadline to seek appointment as lead plaintiff in the pending federal securities class action; one notice cited December 14. These releases mainly repeat procedural information and do not represent new operating developments. Investor Deadline Notice
Negative Sentiment: Multiple law firms, including Pomerantz, Robbins Geller, Kaplan Fox, Rosen and others, are soliciting investors who purchased QBTS shares between February 26 and August 25, 2026. The suits allege that D-Wave and certain executives made materially false or misleading statements and failed to disclose important information. The allegations have not been proven in court. Howard G. Smith Class Action Notice
Negative Sentiment: The litigation centers partly on D-Wave’s second-quarter revenue of $3.08 million, which was roughly 24% below analyst expectations of about $4.03 million. The earnings shortfall and continued losses raise concerns about the company’s revenue trajectory and support the stock’s recent decline. SueWallSt QBTS Deadline Notice
Negative Sentiment: Analysts and financial commentary have questioned QBTS’s valuation relative to its limited revenue, emphasizing that quantum-computing companies are trading well ahead of current fundamentals. This leaves the stock particularly vulnerable to disappointing results or adverse legal developments. D-Wave Quantum Valuation Commentary

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Jefferies Financial Group set a $40.00 price objective on shares of D-Wave Quantum in a report on Friday, August 7th. Weiss Ratings upgraded shares of D-Wave Quantum from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, August 28th. BMO Capital Markets began coverage on shares of D-Wave Quantum in a research note on Thursday, August 20th. They issued an “outperform” rating and a $35.00 price objective for the company. Wall Street Zen upgraded shares of D-Wave Quantum from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 8th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $43.00 target price on shares of D-Wave Quantum in a research note on Friday, August 7th. Thirteen analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $36.27.

Read Our Latest Stock Report on QBTS

D-Wave Quantum Stock Down 7.9%

The firm’s 50-day moving average price is $15.61 and its two-hundred day moving average price is $19.47. The firm has a market cap of $3.94 billion, a PE 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 – Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.02). The business had revenue of $3.08 million during the quarter, compared to analysts’ expectations of $4.03 million. D-Wave Quantum had a negative net margin of 2,001.59% and a negative return on equity of 26.67%. The firm’s revenue for the quarter was down 0.6 compared to the same quarter last year. During the same quarter last year, the company earned ($0.08) EPS. As a group, equities research analysts expect that D-Wave Quantum Inc. will post -0.46 EPS for the current fiscal year.

Institutional Investors Weigh In On D-Wave Quantum

A number of institutional investors and hedge funds have recently bought and sold shares of QBTS. CoreCap Advisors LLC boosted its position in D-Wave Quantum by 9.2% during the 2nd quarter. CoreCap Advisors LLC now owns 6,115 shares of the company’s stock worth $147,000 after purchasing an additional 515 shares during the period. GAMMA Investing LLC increased its holdings in shares of D-Wave Quantum by 21.7% in the 3rd quarter. GAMMA Investing LLC now owns 3,922 shares of the company’s stock valued at $65,000 after acquiring an additional 698 shares during the last quarter. Private Advisor Group LLC grew its position in shares of D-Wave Quantum by 2.4% during the 1st quarter. Private Advisor Group LLC now owns 33,341 shares of the company’s stock valued at $481,000 after buying an additional 781 shares during the last quarter. Fiduciary Financial Advisors acquired a new stake in shares of D-Wave Quantum during the 2nd quarter worth approximately $25,000. Finally, Strengthening Families & Communities LLC grew its position in shares of D-Wave Quantum by 72.6% during the third quarter. Strengthening Families & Communities LLC now owns 2,473 shares of the company’s stock worth $41,000 after acquiring an additional 1,040 shares during the last quarter. Hedge funds and other institutional investors own 42.47% of the company’s stock.

D-Wave Quantum Company Profile

(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.