Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. D-Wave Quantum Inc’s current trading price is -67.30% away from its 52-week high, while its distance from the 52-week low is 82.46%. The stock’s price range during this period has varied between $0.57 and $3.18. The company, active in the Technology sector, saw a trading volume of around 2.67 million for the day, considerably lower average daily volume of 4.01 million observed over the last three months.
The market performance of D-Wave Quantum Inc has been somewhat unstable. Over the past year, the company’s stock achieved a high of $3.18 on 07/20/23, with the lowest value for the same timeframe being $0.57, recorded on 11/09/23.
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How Financial Performance Impacts Market Capitalization
D-Wave Quantum Inc (QBTS) has experienced a quarterly decline of -37.72% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 131.44M and boasts a workforce of 200 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 1.4945, with a change in price of -0.8679. Similarly, D-Wave Quantum Inc recorded 4,311,565 in trading volume during the last 100 days, posting a change of -45.68%.
QBTS Stock Stochastic Average
As of today, the raw stochastic average of D-Wave Quantum Inc over the last 50 days is at 1.87%. This shows a declinee from the raw stochastic average of the previous 20 days, which was recorded at 3.18%. Further, the company’s Stochastic %K and %D values for the last 20 days were 14.02% and 35.54%, respectively.
QBTS Stock Price Performance Analysis
Investors’ outlook regarding the stock price performance over the year has been split, with some feeling optimistic and others feeling pessimistic, as it’s been a mixed bag. Year to date metric has recorded a gain of 18.17%.However, over the last six months, we can see a weaker performance of 47.25%. Over the last 30 days, the price of QBTS has leaped by -10.34%. And in the last five days, it has fallen by -14.05%.
