D-Wave Quantum Inc Slips to 123rd in Trading Volume Ranking Amid Market Uncertainty

Generated by AI AgentAinvest Volume Radar
Tuesday, Jun 17, 2025 7:46 pm ET1min read

On June 17, 2025,

(QBTS) experienced a significant decline in trading volume, with a total turnover of $56.1 million, marking a 41.43% decrease from the previous day. This placed at the 123rd position in terms of trading volume for the day. The stock price of D-Wave Quantum also saw a drop of 2.84%.

D-Wave Quantum Inc. has been facing market uncertainty and competitive pressures, which have contributed to the recent decline in its stock price. The company's unique approach to quantum computing has garnered attention, but the current market conditions and strategic challenges have led to a decrease in investor confidence.

Despite the recent downturn, D-Wave Quantum has seen some positive developments. A five-star analyst from Roth MKM, Sujeeva De Silva, raised the price target for

stock from $12 to $18 while maintaining a Buy rating. This move indicates that there is still optimism about the company's long-term prospects.

In addition to analyst revisions, D-Wave Quantum has been actively pursuing strategic partnerships abroad. These partnerships are aimed at expanding the company's reach and strengthening its position in the quantum computing market. The company's efforts to secure new opportunities and collaborations are expected to have a positive impact on its stock performance in the future.

D-Wave Quantum has also taken steps to raise capital by signing an agreement to sell up to $400 million of its common stock from the treasury through designated agents. This move is intended to provide the company with the financial resources needed to support its growth and innovation in the quantum computing sector.

Comments



Add a public comment...
No comments

No comments yet