D-Wave Quantum Inc. (NYSE:QBTS – Get Free Report) shares fell 1.8% during mid-day trading on Friday . The company traded as low as $22.86 and last traded at $23.40. 27,743,388 shares traded hands during trading, a decline of 14% from the average session volume of 32,306,320 shares. The stock had previously closed at $23.82.
D-Wave Quantum News Roundup
Here are the key news stories impacting D-Wave Quantum this week:
- Positive Sentiment: D-Wave is highlighting expansion beyond pure quantum annealing, with a live quantum-classical testNet tied to AI and blockchain use cases plus early drug-discovery progress with Shionogi, which could support the company’s commercialization narrative and future revenue opportunities. Are AI and Blockchain Shaping D-Wave’s Next Growth Phase?
- Positive Sentiment: Rosenblatt Securities reaffirmed a Buy rating and set a $43 price target, reinforcing investor optimism that QBTS can keep re-rating if execution improves. D-Wave Quantum (QBTS) Stock Valuation Gap Weighs Long-Term Momentum Against Recent Weakness
- Positive Sentiment: Broader coverage notes that governments are accelerating quantum spending worldwide, including the U.S. funding push, which could benefit D-Wave as the sector attracts more public and private investment. The Quantum Race Is Heating Up, and Governments Worldwide Are Buying In
- Neutral Sentiment: CEO Alan Baratz discussed the company’s quantum roadmap and enterprise adoption on NYSE Live, which may help investor visibility but does not by itself change fundamentals. D-Wave CEO Dr. Alan Baratz Details the Quantum Roadmap and Enterprise Adoption
- Neutral Sentiment: Analyst commentary also points to strong long-term momentum in quantum computing, but recent weakness suggests investors are still weighing valuation against execution risk. D-Wave Quantum (QBTS) Stock Valuation Gap Weighs Long-Term Momentum Against Recent Weakness
- Negative Sentiment: CEO Alan Baratz sold a large block of shares, and CFO John Markovich also disclosed stock sales, which can create concern that insiders see limited near-term upside at current levels. Alan Baratz Sells 687,627 Shares of D-Wave Quantum (NYSE:QBTS) Stock
- Negative Sentiment: Some market commentary argues QBTS has become expensive after its rally, and competition from larger players like Intel and IBM may make it harder for D-Wave to justify a premium valuation. The Case for Intel Over Pure-Play Quantum Firms (QBTS)
Wall Street Analysts Forecast Growth
QBTS has been the subject of several recent research reports. TD Cowen assumed coverage on D-Wave Quantum in a report on Thursday, February 12th. They set a “buy” rating for the company. Rosenblatt Securities reissued a “buy” rating and issued a $43.00 price objective on shares of D-Wave Quantum in a research report on Thursday. Northland Securities assumed coverage on D-Wave Quantum in a research report on Monday, April 20th. They issued a “market perform” rating and a $22.00 price objective on the stock. B. Riley Financial boosted their price objective on D-Wave Quantum from $36.00 to $40.00 and gave the stock a “buy” rating in a research report on Tuesday, June 2nd. Finally, Mizuho cut their price objective on D-Wave Quantum from $31.00 to $29.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 13th. Fourteen equities 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $36.40.
D-Wave Quantum Price Performance
The firm has a 50-day moving average price of $21.51 and a 200 day moving average price of $22.26. The stock has a market capitalization of $8.66 billion, a P/E ratio of -20.71 and a beta of 2.05. The company has a debt-to-equity ratio of 0.03, a quick ratio of 21.31 and a current ratio of 21.41.
D-Wave Quantum (NYSE:QBTS – Get Free Report) last issued its quarterly earnings results on Tuesday, May 12th. The company reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.03. D-Wave Quantum had a negative net margin of 2,957.23% and a negative return on equity of 44.06%. The business had revenue of $2.86 million for the quarter, compared to analysts’ expectations of $4.19 million. During the same period last year, the business earned ($0.02) earnings per share. The business’s quarterly revenue was down 80.9% on a year-over-year basis. On average, analysts expect that D-Wave Quantum Inc. will post -0.43 EPS for the current year.
Insider Buying and Selling at D-Wave Quantum
In related news, Director John D. Dilullo sold 7,850 shares of D-Wave Quantum stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $24.43, for a total transaction of $191,775.50. Following the sale, the director directly owned 21,310 shares in the company, valued at $520,603.30. The trade was a 26.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through 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 completion of the sale, the vice president directly owned 596,803 shares in the company, valued at $11,327,320.94. This trade represents a 3.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 1,114,281 shares of company stock worth $29,374,353 over the last quarter. Company insiders own 1.30% of the company’s stock.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the business. Root Financial Partners LLC raised its stake in shares of D-Wave Quantum by 388.0% in the fourth quarter. Root Financial Partners LLC now owns 976 shares of the company’s stock worth $26,000 after purchasing an additional 776 shares during the last quarter. Kemnay Advisory Services Inc. purchased a new position in shares of D-Wave Quantum in the fourth quarter worth $28,000. EverSource Wealth Advisors LLC raised its stake in shares of D-Wave Quantum by 267.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,151 shares of the company’s stock worth $30,000 after purchasing an additional 838 shares during the last quarter. Mcguire Capital Advisors Inc. purchased a new position in shares of D-Wave Quantum in the fourth quarter worth $31,000. Finally, Ancora Advisors LLC purchased a new position in shares of D-Wave Quantum in the third quarter worth $30,000. Hedge funds and other institutional investors own 42.47% of the company’s stock.
D-Wave Quantum Company Profile
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.
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