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D-Wave Quantum Inc’s Shares Reel: -22.06% Quarterly Revenue Decline Amid 168.40M Market Cap

The market performance of D-Wave Quantum Inc’s stock has been harmonious in recent times. Over the last year, the company’s stock reached its highest point at $2.44 on 03/13/24, while the lowest value for the same duration was $0.57 on 11/09/23.

52-week price history of QBTS Stock

Studying a stock’s 52-week price history, which includes both low and high prices, can help gauge its current status and potential future performance. D-Wave Quantum Inc’s current trading price is -59.43% away from its 52-week high, while its distance from the 52-week low is 73.65%. The stock’s price range during the 52-week period has remained between $0.57 and $2.44. In the Technology sector, the company’s shares saw a trading volume of around 2.87 million for the day, which was evidently lower than the average daily volume of 3.12 million over the past three months.

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Market Capitalization and Financial Performance: An In-Depth Look

D-Wave Quantum Inc (QBTS) has experienced a quarterly decline of -22.06% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 168.40M and boasts a workforce of 200 employees.

Making Sense of Trading Volume and Moving Average Data

Based on Barchart.com data, the company’s moving average over the 100-day period was 1.0483, with a change in price of -0.2484. Similarly, D-Wave Quantum Inc recorded 3,484,073 in trading volume during the last 100 days, posting a change of -20.03%.

QBTS Stock Stochastic Average

D-Wave Quantum Inc’s raw stochastic average for the past 50 days is presently 67.07%, as of today. This marks a increase from the raw stochastic average of the last 20 days, which was 60.32%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 40.06% and 23.85%, respectively.

QBTS Stock Price Performance Analysis

Investors’ outlook regarding the stock price performance over the year has been a mixed bag, with a range of optimism to pessimism depending on their perspective. This year’s metric has recorded a Price increase of 12.46%. However, over the past six months, we’ve seen a stronger performance of -37.35%. The price of QBTS leaped by -2.00% over the last 30 days. And in the last five days, it has surged by 3.10%.

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