DWave Quantum Inc Slips to 242nd in Trading Volume Ranking as Stock Price Drops 2.54

On March 27, 2025, D-Wave Quantum Inc. (QBTS) experienced a significant decline in trading volume, with a total turnover of $33.8 million, marking a 37.34% decrease from the previous day. This placed the company at the 242nd position in terms of trading volume for the day. The stock price of D-Wave Quantum Inc. (QBTS) fell by 2.54%, marking the second consecutive day of decline, with a total decrease of 8.20% over the past two days.

D-Wave Quantum Inc. has seen a remarkable surge in its stock price, with shares increasing by 1,002% over the past six months. This performance has positioned the company as one of the top-performing stocks in the market. The stock's price range for the day was between $7.85 and $8.39, with a 52-week range of $0.75 to $11.95. The company's market capitalization stands at $2.41 billion, with 287.82 million shares outstanding and a public float of 277.9 million shares. The stock's beta is 1.06, indicating a level of volatility similar to the overall market.

D-Wave Quantum Inc. has recently launched a new quantum blockchain architecture, which has sparked interest among investors. This development could potentially drive the stock price higher in the coming days. However, investing in QBTS stock carries the risk of losing money if the stock price goes down. Nevertheless, the stock also has the potential for significant returns if the price continues to rise.

Technical analysis of QBTS stock indicates that when the price rises above the moving average, it suggests that investors are becoming bullish on the stock. Conversely, when the price falls below the moving average, it indicates a bearish sentiment. This information can be useful for investors looking to make informed decisions about buying or selling QBTS stock.