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D-Wave Quantum Inc. (QBTS) Stock Analysis

Recovery setup

SellModerate Confidence

Technology · Computer Hardware

Sell if holding. Engine safety override at $19.02: Quality below floor (3.0 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 5.4/10 and A.R:R 4.6:1 is above the 1.5:1 BUY gate. Specifically: High short interest: 16%; Elevated put/call ratio: 1.34; Below-average business quality.

In addition to D-Wave's history of innovation with annealing quantum computers, we have been making steady progress with our gate-model technology development as well. Both the annealing and gate-model technology are built on superconducting qubits which we believe have a... Read more

$19.02+68.3% A.UpsideScore 5.4/10#7 of 14 Computer Hardware
Stop $17.79Target $32.19(analyst − 10%)A.R:R 4.6:1
Analyst target$35.77+88.1%15 analysts
$32.19our TP
$19.02price
$35.77mean
$45

Sell if holding. Engine safety override at $19.02: Quality below floor (3.0 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 5.4/10 and A.R:R 4.6:1 is above the 1.5:1 BUY gate. Specifically: High short interest: 16%; Elevated put/call ratio: 1.34; Below-average business quality. Chart setup: Death cross but MACD improving, RSI 67. Score 5.4/10, moderate confidence.

Passes 6/7 gates (positive momentum, favorable risk/reward ratio, clean insider activity, no SEC red flags, news events none recent, semi cycle peak clear). Suitability: aggressive.

Thesis

Rewards
No bull case signals
Risks
Quality below floor (3.0 < 4.0)

Key Metrics

P/E (TTM)
P/E (Fwd)-49.4
Mkt Cap$6.8B
EV/EBITDA-59.9
Profit Mgn0.0%
ROE-77.6%
Rev Growth19.2%
Beta1.77
DividendNone
Rating analysts21

Quality Signals

Piotroski F4/9

Options Flow

P/C1.34bearish
IV110%elevated
Max Pain$5-73.7% vs spot

Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. Full disclaimer

Rating Breakdown

5 floor-breakers·1 ceiling hit

Ranks in the bottom of its industry peers on the composite signal. Better names in the same sector exist.static

Quality Rank
0.0
Growth Rank
2.5
Value Rank
5.0

Technicals below the gate floor. Component breakdown shows what dragged the score down.static

52w Position
0.0
Support Resistance
3.5
Bollinger
3.9

Volatile — 8.9% daily ATR makes tight stops impractical. Position-size conservatively.static

Volatility
0.0
Implied Vol
0.0
Debt Equity
0.0
Short Interest
1.9
Max Pain Risk
3.0
Beta
4.1
Put Call
4.4
Days To Cover
8.7
High short interest justified: 16%High IV: 110%Above max pain $5

Quality below the gate floor. Component breakdown shows what dragged the score down.static

Roe
0.0
Roa
0.0
Net Margin
0.0
Fcf Quality
0.0
Rule Of 40
3.0
Piotroski F
4.4
Current Ratio
5.0
Moat
5.0
Gross Margin
10.0
Cash-burning: FCF -236% of revenueNo competitive moatRule of 40: -217 (fail)

No near-term catalyst priced in. Thesis progression will come from fundamentals grinding, not event reaction.static

Surprise Avg
0.0
Earnings History
3.3
Erm
5.0
Earnings Timing
5.0
News Activity
5.0
Earnings concerns: 2B/2MEarnings in 12 days
GatesEARNINGS PROXIMITY 12d<=14d (soft)Momentum 5.5>=5.5A.R:R 4.6 ≥ 1.5Insider activity: OKNo SEC red flagsNEWS EVENTS NONE RECENTSEMI CYCLE PEAK CLEARRecoverySuitability: Aggressive
RSI
67 · Neutral
20D MA 50D MA 200D MADEATH CROSSSupport $13.01Resistance $22.49

Price Targets

$18
$32
A.Upside+69.2%
A.R:R4.6:1

Position Sizing

ConvictionNone
Suggested %0.5%
Max %1%
RegimeSteady

Risk Alerts

! Quality below floor (3.0 < 4.0)

Earnings

B
B
M
M
2/4 beats
Next Earnings2026-05-12 (12d)

Verdict History

reverse chrono — latest first
Loading history...
Verdicts are recorded on every nightly pipeline run. Rows capture transitions (verdict flips, score deltas ≥0.3, entry/TP/SL changes). Rows with a ▶ can be expanded to see the change reason. Aggregate cohort performance is tracked in the recommendation ledger.
Frequently Asked Questions
Is QBTS stock a buy right now?

Sell if holding. Engine safety override at $19.02: Quality below floor (3.0 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 5.4/10 and A.R:R 4.6:1 is above the 1.5:1 BUY gate. Specifically: High short interest: 16%; Elevated put/call ratio: 1.34; Below-average business quality. Chart setup: Death cross but MACD improving, RSI 67. Prior stop was $17.79. Score 5.4/10, moderate confidence.

What is the QBTS stock price target?

Take-profit target: $32.19 (+68.3% upside). Prior stop was $17.79. Stop-loss: $17.79.

What are the risks of investing in QBTS?

Quality below floor (3.0 < 4.0).

Is QBTS overvalued or undervalued?

D-Wave Quantum Inc. trades at a P/E of N/A (forward -49.4). TrendMatrix value score: 9.0/10. Verdict: Sell.

What do analysts say about QBTS?

21 analysts cover QBTS with a consensus score of 4.1/5. Average price target: $36.

What does D-Wave Quantum Inc. do?In addition to D-Wave's history of innovation with annealing quantum computers, we have been making steady progress...

In addition to D-Wave's history of innovation with annealing quantum computers, we have been making steady progress with our gate-model technology development as well. Both the annealing and gate-model technology are built on superconducting qubits which we believe have a long-term advantage over all other approaches to quantum computing. We are also leveraging the quantum systems technology we have developed for our annealing technology to accelerate our gate-model program.

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