TLDR
- D-Wave Quantum (NYSE:QBTS) hit a new 52-week high of $22.85, closing at $22.49 with 126 million shares traded
- Eleven analysts rate the stock as “Buy” with an average target price of $19.27 per share
- Vanguard Group increased its stake by 58.5%, now holding over 11 million shares
- The company hosted its first Qubits Japan 2025 conference in Tokyo, driving recent stock gains
- Bookings for quantum computing technology jumped 83% in Asia Pacific region
D-Wave Quantum shares hit a fresh 52-week high of $22.85 during Thursday’s trading session. The stock closed at $22.49 with massive volume of 126 million shares changing hands.
The quantum computing company’s stock had previously closed at $18.98. This represents a jump of over 18% in a single trading day.
Trading volume reached extraordinary levels compared to the average daily volume of about 40.9 million shares. The surge comes as the company makes waves in the Asian market.
D-Wave hosted its inaugural Qubits Japan 2025 conference in Tokyo. The event showcased the company’s latest quantum computing technology advances.
The timing appears perfect as the company reported an 83% increase in bookings for annealing quantum computing in the Asia Pacific region. Organizations are focusing on optimization and quantum AI applications.
Wall Street Weighs In
Eleven equity analysts currently rate D-Wave Quantum as a “Buy.” The consensus shows strong confidence in the company’s direction.
Average target price sits at $19.27 per share. Several recent upgrades have pushed this number higher.
Rosenblatt Securities started coverage with a “buy” rating and $30 price target in July. Cantor Fitzgerald assigned an “overweight” rating with a $20 target.
Piper Sandler made the biggest move by raising their target from $13 to $22. They maintained an “overweight” rating following this upgrade.
Williams Trading and Benchmark both set $20 price targets. The analyst community appears bullish on quantum computing prospects.
Institutional Money Flows In
Vanguard Group made the biggest splash by increasing its position by 58.5%. The investment giant now owns 11.28 million shares worth $85.8 million.
State Street Corp boosted its holdings by 41.3% to 6.65 million shares. Geode Capital Management increased their stake by 41.6% to 6.41 million shares.
Marex Group acquired a new position worth $80.1 million. Penserra Capital Management grew its holdings by 80.1% to 5.07 million shares.
Institutional investors now control 42.47% of outstanding shares. This represents a vote of confidence from sophisticated money managers.
Recent insider activity shows some selling pressure. Director Rohit Ghai sold 10,000 shares at $17.93 on September 15th.
CFO John Markovich sold 50,000 shares at $16.30 on September 11th. Insiders have sold 168,000 shares worth $2.94 million over the past 90 days.
Company insiders still own 3.2% of total shares outstanding. The recent sales appear to be profit-taking rather than lack of confidence.
D-Wave reported quarterly revenue of $3.1 million, beating expectations of $2.55 million. Revenue grew 40.9% compared to the same quarter last year.
The company posted a loss of $0.08 per share, missing estimates by $0.03. Analysts expect full-year losses of $0.41 per share.
D-Wave maintains a strong balance sheet with a quick ratio of 42.86. The company has minimal debt with a debt-to-equity ratio of just 0.05.
Market capitalization has reached $7.69 billion based on current pricing. The stock trades with a beta of 1.39, showing higher volatility than the broader market.
Year-to-date performance shows gains of over 90%. The stock has climbed from around $13 earlier this year to current levels above $22.
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