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D-Wave Quantum Inc Inc. (QBTS) Price Performance: The Role of Supply and Demand

The stock price performance for the year has been a mixed bag, indicating either a pessimistic or optimistic outlook depending on how you look at it. The index has shown a price gain of 123.84% this year. Over the last six months, there has been a weaker performance of 102.38%. The price of QBTS fallen by 37.76% during the last 30 days period. For the last 5-days stocks have improved 1.03%.

D-Wave Quantum Inc’s stock has had a calm market performance. The 1-year high for the company’s stock was $3.20 on 07/18/23, and the lowest price during the same period was recorded at $0.40 on 05/08/23.

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52-week price history of QBTS Stock

The history of a stock’s 52-week high and low prices can provide important information about its current state and future potential. D-Wave Quantum Inc’s current trading price is -38.44% away from its 52-week high, while its distance from the 52-week low is 397.22%. The stock’s price range for this period has been between $0.40 and $3.20. The Technology sector company’s shares saw a trading volume of about 3.19 million for the day, which was lower than the average daily volume of 4.34 million over the last three months.

The Connection Between Financial Performance and Market Capitalization

D-Wave Quantum Inc (QBTS) has experienced a quarterly rise of 139.63% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 230.08M and boasts a workforce of 200 employees.

How Moving Averages and Trading Volume Data Work Together

Based on Barchart.com data, the company’s moving average over the 100-day period was 1.2418, with a change in price of +1.1828. Similarly, D-Wave Quantum Inc recorded 3,318,603 in trading volume during the last 100 days, posting a change of +150.25%.

QBTS Stock Stochastic Average

As of today, the raw stochastic average of D-Wave Quantum Inc over the last 50 days is at 72.83%. This shows a increasee from the raw stochastic average of the previous 20 days, which was recorded at 53.00%. Further, the company’s Stochastic %K and %D values for the last 20 days were 53.43% and 58.24%, respectively.

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