A stock’s 52-week high and low prices can offer a wealth of information about its current standing and prospective future performance. D-Wave Quantum Inc’s current trading price is -59.54% away from its 52-week high, while its distance from the 52-week low is 73.18%. The stock’s price range for this time frame has been between $0.57 and $2.44. The trading volume of the company’s shares in the Technology reached around 2.94 million for the day, which was evidently lower than the average daily volume of 3.94 million over the last three months.
D-Wave Quantum Inc’s stock has had a calm market performance. The 1-year high for the company’s stock was $2.44 on 03/13/24, and the lowest price during the same period was recorded at $0.57 on 11/09/23.
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How Financial Performance Impacts Market Capitalization
D-Wave Quantum Inc (QBTS) has experienced a quarterly rise of 13.50% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 195.09M 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 1.0251, with a change in price of -0.1618. Similarly, D-Wave Quantum Inc recorded 4,258,668 in trading volume during the last 100 days, posting a change of -13.95%.
QBTS Stock Stochastic Average
The raw stochastic average for D-Wave Quantum Inc over the last 50 days is presently at 33.59%. This reflects a surge from the raw stochastic average of the previous 20 days, which was noted at 24.30%. Further, the company’s Stochastic %K and %D values for the last 20 days were 30.98% and 38.78%, 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 12.16%. However, over the past six months, we’ve seen a stronger performance of -29.99%. The price of QBTS leaped by -1.28% over the last 30 days. And in the last five days, it has fallen by -17.74%.
