Insider buying last 90 days
No open-market insider purchases were filed for QBTS in the last 90 days.
From Form 4 filings, dated to when each was filed.
Every QBTS insider filing, plotted on the chart in Gekko.Open QBTS in Gekko
NYSE: QBTS
D-Wave Quantum (QBTS) Stock Analysis & Forecast
Sep 28 close
$16.78−0.63 (−3.6%)
Gekko Brief
D-Wave Quantum closed at $16.78 on 28 September 2026, -3.6% on the day. The price sits below both the 50-day ($18.21) and 200-day ($21.00) moving averages, inside a 52-week range of $12.75 to $46.75. The GekkoIndex reads 59.9, in the Neutral zone, up 2.6 points over five sessions. Gekko Fair Value is $24.25, so the price is 30.8% below it.
The next earnings report is due on 5 November 2026, 37 days away (before open). Over the last 8 reports the company beat the earnings estimate 2 times, with an average move of 21.3% across the report. Seasonally, the next 20 trading days from this point averaged -8.7% over the last 5 years, rising in 3 of them.
15 firms rate the stock: 14 buy, 1 hold and 0 sell, with a consensus target of $34.65. A typical daily move is about 6%, and a typical 20-day move about 15.8%. On the swing-trade checklist, 2 items read supportive and 1 reads as a headwind (trend).
Generated Sep 29, 2026 from the data above.
D-Wave Quantum price vs fair value
Close $16.78200-day averageGekko Fair Value $24.25
D-Wave Quantum quick facts
- Market cap
- $6.16B
- P/E ratio
- —
- Forward P/E
- —
- EPS, TTM
- −$0.70
- Revenue, TTM
- $12.43M
- Profit margin
- 0%
- Dividend yield
- —
- Beta
- 2.14
- Volume
- 13.73M avg 15.76M
- 1-year return
- −36.3%
- Typical daily move
- ±6%
- Typical 20-day move
- ±15.8%
- 50-day average
- $18.21
- 200-day average
- $21.00
- Next earnings
- Nov 5 before open
- Shares outstanding
- 376.5M
D-Wave Quantum swing-trade checklist
D-Wave Quantum scores 2 supportive, 2 mixed and 1 headwind across the 5 checklist items with data.
Six things swing traders check before a 20-day hold, read from the latest data.
2 supportive2 mixed1 headwind
- Trendheadwind
Below 50 and 200-day
Close $16.78 is below the 50-day ($18.21) and 200-day ($21.00) averages, and the 50-day is below the 200-day.
See the chart - GekkoIndexmixed
59.9, Neutral
Reading 59.9 is in the Neutral zone.
See the GekkoIndex - Fair valuesupportive
30.8% below
Price is 30.8% below Gekko Fair Value (more than 5% below).
See fair value - Smart moneyno data
No data
No insider, Congress or unusual options activity in the window.
See smart money - Earnings risksupportive
Reports in 37 days
Next report Nov 5, 2026, 37 days away — outside a typical 20-trading-day hold.
See earnings - Seasonalitymixed
−8.7% on average
From this point in the calendar, the next 20 trading days averaged −8.7% over 5 years, rising in 3 of them.
See seasonality
A description of current data, not a recommendation. How this page works
D-Wave Quantum stock chart and price history
D-Wave Quantum closed at $16.78 on Sep 28, 2026, −36.3% over the past year, inside a 52-week range of $12.75 to $46.75.
Close50-day average200-day averageVolume
Use the left and right arrow keys to read daily values.
Performance Breakdown
- 1 month
- −6.3%
- 3 months
- −29.6%
- 6 months
- +20.7%
- 1 year
- −36.3%
The full QBTS chart adds GekkoIndex, insider, options, Congress and hedge fund markers, plus TrendCandles™.Open QBTS in Gekko
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D-Wave Quantum GekkoIndex: the smart money zone
D-Wave Quantum’s GekkoIndex — Gekko’s 0 to 100 smart money score — reads 59.9, in the Neutral zone, up 2.6 points over five sessions.
59.9Neutral
Up 2.6 points over five sessions.
Reading for Sep 28, 2026
What followed past readings in each zone
| Zone | Readings | 5 days | 20 days | ||
|---|---|---|---|---|---|
| Buying | 12 | Not available | |||
| Accumulation | 263 | +2.7% | +7.9% | ||
| Neutral (current zone) | 320 | Not available | |||
| Distribution | 65 | Not available | |||
| Selling | 12 | +2.3% | +30.2% | ||
Average QBTS share-price change over the trading days after each daily reading in its GekkoIndex history. Across every stock Gekko tracks, Neutral readings averaged +1.1% over 20 days. Past behaviour doesn’t guarantee future results.
Neutral zone: No clear directional signal. About the five zones →
See every daily GekkoIndex reading plotted over the QBTS price, zone by zone.Track QBTS in Gekko
Is D-Wave Quantum stock overvalued? Gekko Fair Value
D-Wave Quantum trades 30.8% below Gekko Fair Value of $24.25, so the shares are undervalued on Gekko’s estimate.
Gekko’s own estimate of what D-Wave Quantum shares are worth, recalculated every trading day.
$24.25
Gekko Fair Value, Sep 26, 2026
30.8% Undervalued
Gekko Fair Value on every chart, with the gap to price updating daily.Open QBTS in Gekko
D-Wave Quantum insider and Congress trading
No open-market insider purchases were filed for D-Wave Quantum, and no Congress trades were disclosed, in the last 90 days.
Plus buybacks, unusual options and fund positions, each dated to when it became public.
Congress trades last 90 days
No trades in QBTS were disclosed by members of Congress in the last 90 days.
From congressional disclosures, which report amounts as ranges.
Congress disclosures for QBTS, plotted on the chart in Gekko.Open QBTS in Gekko
Buybacks
D-Wave Quantum has been buying back its own shares.
- Bought back, quarter ended Jun 30, 2026
- $6.89M
- As a share of market cap
- 0.11%
From company filings.
D-Wave Quantum earnings: next date and track record
D-Wave Quantum reports on Nov 5, 2026, before the open (37 days away), and beat the EPS estimate in 2 of its last 8 reports.
Next earnings report
Nov 5, 2026
Expected before the open, 37 days away
- EPS estimate
- −$0.09
- Revenue estimate
- $4.36M
2 of 8reports beat the EPS estimate
±21.3%average move across the report
2 of 8reports followed by a gain
Share-price move across each report
Last earnings call, Aug 6, 2026 AI summary
- What they said
- D-Wave received recognition as one of two 'Leaders' in IDC MarketScape Worldwide Quantum Computing 2026 assessment. The company highlighted its dual-platform strategy combining annealing and gate-model quantum computing. Management emphasized platform maturity over raw qubit counts, pointing to production deployments, enterprise integrations, and 15+ years of operational experience as competitive differentiators.
- Guidance
- No specific revenue targets or financial guidance were provided in this excerpt. Management signaled continued investment in gate-model development targeting 100 logical qubits and 1 million reliable operations as the commercial viability threshold.
| Reported | EPS | Revenue | Move |
|---|---|---|---|
| Aug 6, 2026 | −$0.13 est −$0.12 | $3.08M est $4.03M | −2.9% |
| May 12, 2026 | −$0.05 est −$0.08 | $2.86M est $4.19M | −10.8% |
| Feb 26, 2026 | −$0.12 est −$0.05 | $2.75M est $3.74M | −4.4% |
| Nov 6, 2025 | −$0.41 est −$0.07 | $3.74M est $3.03M | −4.9% |
| Aug 7, 2025 | −$0.55 est −$0.06 | $3.10M est $2.54M | −3.9% |
| May 8, 2025 | −$0.02 est −$0.05 | $15.00M est $10.50M | +61.0% |
| Mar 13, 2025 | −$0.37 est −$0.09 | $2.31M est $2.23M | +74.4% |
| Nov 14, 2024 | −$0.08 est −$0.08 | $1.87M est $2.56M | −7.9% |
“Move” is the close of the first session after the report compared with the close of the last session before it, so it reads the same whether the company reported before the open or after the close.
D-Wave Quantum stock forecast and analyst price targets
Analysts’ average 12-month price target for D-Wave Quantum is $34.65, +106.5% from the last close, from 15 firms rating the stock in the last 90 days.
$34.65consensus 12-month target, +106.5% from the last close
Now $16.78Avg $34.65
Low $22High $43
Each firm’s latest rating in the last 90 days: 15 firms.
Latest analyst actions
| Date | Firm | Target | vs price |
|---|---|---|---|
| Sep 21 | B. Riley Securities | $40 | +138.4% |
| Aug 20 | BMO Capital | $35 | +108.6% |
| Aug 11 | Mizuho Securities | $29 | +72.8% |
| Aug 7 | Jefferies | $40 | +138.4% |
| Aug 7 | Roth MKM | $30 | +78.8% |
−8.7%average move over the next 20 trading days in the last 5 years
±6%typical daily move, from the 14-day average range
Gekko doesn’t publish price predictions. These are analyst targets and historical base rates, which don’t guarantee future results.
D-Wave Quantum seasonality: the next 20 trading days
Over the next 20 trading days from Sep 29, D-Wave Quantum averaged −8.7% across the last 5 years, rising in 3 of them.
Next 20 trading days, by year
Average move and hit rate
| Window | Average | Years higher |
|---|---|---|
| Next 5 trading days | +8.8% | 4 of 5 |
| Next 10 trading days | +10.0% | 2 of 5 |
| Next 15 trading days | +0.8% | 3 of 5 |
| Next 20 trading days | −8.7% | 3 of 5 |
| Next 30 trading days | −3.8% | 3 of 5 |
For scale, QBTS’s typical 20-trading-day move in either direction is about 15.8%.
D-Wave Quantum market cap and key statistics
D-Wave Quantum’s market cap is $6.16B and revenue of $12.43M over the last twelve months.
Valuation
- Market cap
- $6.16B
- EPS, TTM
- −$0.70
- Gekko Fair Value
- $24.25
Trading
- Volume
- 13.73M
- Avg volume, 20 days
- 15.76M
- 52-week high
- $46.75
- 52-week low
- $12.75
- Shares outstanding
- 376.5M
Financials
- Revenue, TTM
- $12.43M
- Profit margin
- 0%
- Return on equity
- -28%
- Quarterly earnings growth, YoY
- 0.0%
Risk and income
- Beta
- 2.14
- Typical daily move
- ±6%
- Typical 20-day move
- ±15.8%
D-Wave Quantum stock news this week
Coverage of D-Wave Quantum this week reads neutral: 4 positive, 5 neutral and 4 negative headlines.
- D-Wave Quantum Inc (QBTS) Shares Fall 3.6% -- GF Value Says Still OvervaluedGuruFocus, Sep 28
- QBTS Investigation Alert: Kessler Topaz Meltzer & Check, LLP Encourages D-Wave Quantum Inc. Investors to Contact the FirmGlobeNewsWire, Sep 28
- D-Wave Shows Both Annealing And Gate-model Quantum Systems At CongressQuantum Zeitgeist, Sep 26
- Who’s News: Strategic Appointments at D-Wave Quantum, Oxford Quantum Circuits, and Bifrost ElectronicsQuantum Computing Report, Sep 26
- D-Wave Quantum vs. QuantumScape: Which Moonshot Tech Stock Is a Better Buy in 2026?The Motley Fool, Sep 26
- What's Happening With D-Wave Quantum Stock Friday?Benzinga, Sep 25
D-Wave Quantum peers
D-Wave Quantum’s 6 largest industry peers by market value, with today’s move, GekkoIndex zone and gap to Gekko Fair Value.
| Stock | GekkoIndex zone | vs Fair Value |
|---|---|---|
| DELLDell Technologies | Neutral | 18.8% above |
| HPEHewlett Packard Enterprise | Neutral | 14.4% above |
| SMCISuper Micro Computer | Neutral | 10.0% above |
| ZBRAZebra Technologies | Neutral | 20.5% above |
| IONQIonQ | Neutral | 12.2% below |
| RGTIRigetti Computing | Neutral | 23.9% below |
A peer links to its own page where one exists.
D-Wave Quantum stock FAQ
What is D-Wave Quantum’s market cap?
D-Wave Quantum’s market cap is $6.16B at the Sep 28, 2026 close of $16.78, with 376.5M shares outstanding.
What is the D-Wave Quantum stock forecast?
The consensus analyst 12-month price target for D-Wave Quantum is $34.65, +106.5% from the last close. Of the 15 firms that rated the stock in the last 90 days, 14 rate it a buy, 1 a hold and 0 a sell. Gekko doesn’t publish price predictions of its own.
Is D-Wave Quantum stock overvalued or undervalued?
On Gekko’s estimate D-Wave Quantum is undervalued: the Sep 28, 2026 close of $16.78 is 30.8% below Gekko Fair Value of $24.25. Gekko Fair Value is recalculated every trading day, and a gap inside 5% either way counts as about fair value.
When does D-Wave Quantum report earnings next?
D-Wave Quantum is expected to report on Nov 5, 2026, before the market opens (37 days away). Analysts expect earnings of −$0.09 per share on revenue of $4.36M. D-Wave Quantum beat the earnings estimate in 2 of its last 8 reports, moving 21.3% on average across the report.
What is D-Wave Quantum’s 52-week high and low?
D-Wave Quantum’s 52-week high is $46.75 and its 52-week low is $12.75; it closed at $16.78 on Sep 28, 2026, −36.3% over the past year.
Is D-Wave Quantum stock a buy right now?
Gekko describes the data; it does not make buy or sell recommendations. On the swing-trade checklist, 2 of the 5 items with data read as supportive (fair value and earnings risk), 2 as mixed (gekkoindex and seasonality) and 1 as a headwind (trend). The checklist is a description of current data, not a recommendation.
How this page works
During US trading hours the price at the top of the page is a delayed quote, refreshed every 15 minutes; everything else is rebuilt after each US market close. The GekkoIndex, Gekko Fair Value and the checklist are Gekko’s own, and the Gekko Brief is written by AI from this page’s data and checked against it before it is published. How Gekko’s data works →
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