D-Wave Quantum (NYSE:QBTS) Shares Gap Up – Time to Buy?

D-Wave Quantum Inc. (NYSE:QBTS)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $16.97, but opened at $18.53. D-Wave Quantum shares last traded at $19.3210, with a volume of 21,203,445 shares changing hands.

D-Wave Quantum News Summary

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

• Positive Sentiment: Nvidia’s announcement of open‑source quantum AI models lifted sentiment for the whole sector and is being credited with a sharp move into QBTS as investors price in faster commercialization pathways. D-Wave Quantum (QBTS) Soars 22% on Nvidia Quantum Support
• Positive Sentiment: Coverage highlights a spike in investor optimism and trading volume after Nvidia’s move, plus public comments framing quantum AI as a growth runway — momentum that’s drawing speculative and strategic buyers. Stock Market Today: D-Wave Surges After Nvidia Sparks Quantum AI Optimism
• Positive Sentiment: Short‑term price momentum: QBTS has rallied sharply over several sessions (MSN notes ~60% in five days), which can attract trend‑chasing flows and short‑covering. Up nearly 60% in 5 days, should you chase the rally in D‑Wave Quantum stock?
• Positive Sentiment: Elevated derivatives activity — unusually large call buying was reported, signaling bullish positioning and amplifying intraday moves (speculative leverage can intensify price swings).
• Neutral Sentiment: The sector’s multi‑day rally (IonQ, Rigetti and others also advancing) and ETF/strategy coverage are bringing broader market flows into quantum names; this helps QBTS but raises correlation risk with the group. The Quantum Rally Is Now a Three‑Day Phenomenon
• Neutral Sentiment: Analysts and commentators note a developing investment theme (quantum’s implications for crypto/security) that could attract longer‑term capital, but also suggest ETFs like QTUM may be a lower‑risk way to access the trend. Quantum Computing’s Crypto Threat Is Getting Real—and Investors Are Piling In
• Negative Sentiment: Zacks flags rising losses, a weak Q1 outlook and bearish technicals ahead of earnings — reminders that underlying fundamentals and guidance could derail the rally if results disappoint. QBTS Stock Alert: Why D‑Wave Faces Rising Risks Ahead of Q1 Earnings
• Negative Sentiment: Valuation and execution concerns persist in independent analysis — some caution that the rally may outpace fundamentals and that downside risk remains if adoption timelines slip. D‑Wave Quantum: Extreme Valuation Meets Execution Reality

Analyst Ratings Changes

QBTS has been the subject of a number of research reports. TD Cowen initiated coverage on D-Wave Quantum in a research note on Thursday, February 12th. They issued a “buy” rating for the company. Zacks Research cut D-Wave Quantum from a “hold” rating to a “strong sell” rating in a research note on Friday, March 6th. Canaccord Genuity Group set a $43.00 price objective on D-Wave Quantum in a research note on Thursday, January 29th. Benchmark reissued a “buy” rating and issued a $35.00 price objective on shares of D-Wave Quantum in a research note on Friday, January 23rd. Finally, Rosenblatt Securities restated a “buy” rating and issued a $43.00 target price on shares of D-Wave Quantum in a report on Wednesday, January 28th. Fourteen equities research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $36.50.

D-Wave Quantum Stock Up 3.4%

The company has a debt-to-equity ratio of 0.04, a current ratio of 42.38 and a quick ratio of 42.25. The stock has a fifty day moving average price of $17.42 and a two-hundred day moving average price of $24.41. The company has a market cap of $7.96 billion, a P/E ratio of -19.56 and a beta of 1.78.

D-Wave Quantum (NYSE:QBTS) last posted its earnings results on Thursday, February 26th. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.04). D-Wave Quantum had a negative net margin of 1,444.10% and a negative return on equity of 58.58%. The company had revenue of $2.75 million during the quarter, compared to the consensus estimate of $3.74 million. The business’s revenue was up 21.7% compared to the same quarter last year. On average, research analysts expect that D-Wave Quantum Inc. will post -0.41 EPS for the current year.

Insider Activity

In other news, CFO John M. Markovich sold 10,706 shares of the firm’s stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $17.63, for a total value of $188,746.78. Following the transaction, the chief financial officer owned 1,451,427 shares in the company, valued at $25,588,658.01. This trade represents a 0.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Rohit Ghai sold 10,000 shares of D-Wave Quantum stock in a transaction on Monday, March 16th. The stock was sold at an average price of $17.62, for a total value of $176,200.00. Following the sale, the director owned 27,778 shares in the company, valued at $489,448.36. This trade represents a 26.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 28,706 shares of company stock worth $509,027 over the last 90 days. 3.20% of the stock is currently owned by corporate insiders.

Institutional Trading of D-Wave Quantum

A number of hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC lifted its holdings in D-Wave Quantum by 34.6% during the third quarter. GAMMA Investing LLC now owns 1,874 shares of the company’s stock worth $46,000 after acquiring an additional 482 shares during the period. Blue Bell Private Wealth Management LLC lifted its holdings in D-Wave Quantum by 5.3% during the third quarter. Blue Bell Private Wealth Management LLC now owns 9,901 shares of the company’s stock worth $245,000 after acquiring an additional 500 shares during the period. Huntington National Bank lifted its holdings in D-Wave Quantum by 17.9% during the third quarter. Huntington National Bank now owns 3,300 shares of the company’s stock worth $82,000 after acquiring an additional 500 shares during the period. Sigma Planning Corp lifted its holdings in D-Wave Quantum by 3.6% during the fourth quarter. Sigma Planning Corp now owns 16,329 shares of the company’s stock worth $431,000 after acquiring an additional 560 shares during the period. Finally, AlphaStar Capital Management LLC lifted its holdings in D-Wave Quantum by 2.2% during the fourth quarter. AlphaStar Capital Management LLC now owns 27,063 shares of the company’s stock worth $708,000 after acquiring an additional 592 shares during the period. 42.47% of the stock is currently owned by institutional investors.

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.