Shares of D-Wave Quantum Inc. (NYSE: QBTS), a trailblazer in the quantum computing sphere, are navigating a slight downturn in midday trading on May 28th, as investors monitor the volatile tech sector.
As of 12:06 PM GMT-4, QBTS was trading at 0.32, or 1.85%, for the current trading session. The downward arrow indicates the stock is currently performing below its opening or previous benchmarks for the day.
The stock opened the session at $17.00. Throughout the morning, it has seen some fluctuation, reaching an intraday high of $17.65 and touching a low of $16.86. This current valuation is also below the previous market close of $17.55, suggesting some selling pressure or profit-taking.
D-Wave Quantum currently holds a market capitalization of approximately 503.30Cr. Looking at its performance over a longer period, the stock’s 52-week high stands at $19.76, while its 52-week low was a significantly lower $0.75, highlighting the potential for substantial price swings in this innovative tech stock. Information regarding the company’s P/E ratio and dividend yield is currently listed as not applicable or unavailable.
The intraday chart shows a period of volatility, with the price attempting to push higher earlier in the session before pulling back to its current level. As a company at the forefront of quantum computing, D-Wave’s stock performance is often closely watched for indications of progress in this highly advanced and potentially transformative industry.
