QBTS
D-Wave Quantum Inc. Technology - Quantum Computing Investor Relations →
D-Wave Quantum Inc. (QBTS) closed at $20.72 as of 2026-02-02, trading 189.4% above its 200-week moving average of $7.16. The stock is currently moving closer to the line, down from 198.7% last week. With a 14-week RSI of 28, QBTS is in oversold territory.
Over the past 221 weeks of data, QBTS has crossed below its 200-week moving average 1 time. On average, these episodes lasted 159 weeks. The average one-year return after crossing below was -75.0%, suggesting these dips have not historically been reliable buying opportunities for this stock.
With a market cap of $7.7 billion, QBTS is a mid-cap stock. Free cash flow yield is currently negative, meaning the company is burning cash. Return on equity stands at -122.0%. The stock trades at 10.7x book value.
Share count has increased 142.9% over three years, indicating dilution.
Over the past 4.3 years, a hypothetical investment of $100 in QBTS would have grown to $211, compared to $161 for the S&P 500. That represents an annualized return of 18.7% vs 11.6% for the index — confirming QBTS as a market-beating investment and the kind of quality company where buying during 200-week moving average touches has historically been rewarded.
Free cash flow has been declining. A deteriorating cash flow trend warrants extra scrutiny — the stock may be cheap for a reason.
Growth of $100: QBTS vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After QBTS Crosses Below the Line?
Across 1 historical episodes, buying QBTS when it crossed below its 200-week moving average produced an average return of -78.0% after 12 months (median -78.0%), compared to -9.0% for the S&P 500 over the same periods. After 24 months, the average return was -90.0% vs +3.0% for the index.
Each line shows $100 invested at the moment QBTS crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
QBTS has crossed below its 200-week MA 1 time with an average 1-year return of +-75.0% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Nov 2021 | Dec 2024 | 159 | 94.7% | -75.0% | +110.4% |
| Average | 159 | — | +-75.0% | — |
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of Friday close, 2026-02-02