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Behind D-Wave Quantum Inc’s 52-Week Range: Uncovering Opportunities for Investors

The market performance of D-Wave Quantum Inc has been somewhat stable. Over the past year, the company’s stock achieved a high of $2.44 on 03/13/24, with the lowest value for the same timeframe being $0.57, recorded on 11/09/23.

52-week price history of QBTS Stock

A stock’s 52-week high and low prices can reveal a great deal about its present condition and potential future performance. D-Wave Quantum Inc’s current trading price is -50.41% away from its 52-week high, while its distance from the 52-week low is 112.28%. The stock’s price range during this period has fluctuated between $0.57 and $2.44. Shares of the company, which operates in the Technology sector, recorded a trading volume of around 14.43 million for the day, which was evidently higher than the average daily volume of 3.11 million over the last three months.

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Financial Performance and Market Capitalization

D-Wave Quantum Inc (QBTS) has experienced a quarterly rise of 12.04% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 205.87M and boasts a workforce of 200 employees.

Moving average and trading volume data

Based on Barchart.com data, the company’s moving average over the 100-day period was 1.0386, with a change in price of -0.2100. Similarly, D-Wave Quantum Inc recorded 3,686,139 in trading volume during the last 100 days, posting a change of -14.79%.

QBTS Stock Stochastic Average

The raw stochastic average for D-Wave Quantum Inc over the last 50 days is presently at 83.67%. This reflects a surge from the raw stochastic average of the previous 20 days, which was noted at 80.84%. Further, the company’s Stochastic %K and %D values for the last 20 days were 79.84% and 74.79%, respectively.

QBTS Stock Price Performance Analysis

A mixed performance in the stock price over the year has left investors with either an optimistic or pessimistic outlook, depending on their point of view. The metric has seen a significant gain of 37.48% since the start of this calendar year. Looking back over the last six months, we can see a stronger performance of -19.87%. Over the past 30 days, the price of QBTS has fallen by 30.47%. And in the last five days, it has surged by 19.80%.

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