Best Quantum Computing Stocks To Follow Now - August 14th

Key Points

• Three key quantum computing stocks to watch are Rigetti Computing, D-Wave Quantum, and IonQ, which are noted for their high trading volumes and potential for technological breakthroughs.
• Rigetti's stock saw a decline to $17.06, reflecting a challenging market with a significant trading volume of over 36 million shares.
• IonQ shares also dropped to $39.90, trading nearly 11.4 million shares, while holding a strong market cap of $10.44 billion, signaling its competitive position in the quantum sector.

Rigetti Computing, D-Wave Quantum, and IonQ are the three Quantum Computing stocks to watch today, according to MarketBeat's stock screener tool. Quantum computing stocks are publicly traded shares of companies engaged in the research, development and commercialization of quantum information processors, software and related services. By investing in these equities, shareholders gain exposure to the potential breakthroughs and disruptive impact of quantum computing on fields like cryptography, materials science and optimization. The performance of these stocks often hinges on technological milestones in qubit coherence, error correction and scalable hardware architectures. These companies had the highest dollar trading volume of any Quantum Computing stocks within the last several days.

Rigetti Computing (RGTI)

Rigetti Computing, Inc., through its subsidiaries, builds quantum computers and the superconducting quantum processors. The company offers cloud in a form of quantum processing unit, such as 9-qubit chip and Ankaa-2 system under the Novera brand name; and sells access to its quantum computers through quantum computing as a service.

RGTI stock traded down $0.19 during trading hours on Thursday, hitting $17.06. 36,298,111 shares of the stock were exchanged, compared to its average volume of 71,012,859. The company has a 50-day simple moving average of $13.58 and a two-hundred day simple moving average of $11.44. The firm has a market capitalization of $4.95 billion, a P/E ratio of -22.43 and a beta of 1.44. Rigetti Computing has a 12 month low of $0.66 and a 12 month high of $21.42.

Read Our Latest Research Report on RGTI

D-Wave Quantum (QBTS)

D-Wave Quantum Inc. develops and delivers quantum computing systems, software, and services worldwide. The company offers Advantage, a fifth-generation quantum computer; Ocean, a suite of open-source python tools; and Leap, a cloud-based service that provides real-time access to a live quantum computer, as well as access to Advantage, hybrid solvers, the Ocean software development kit, live code, demos, learning resources, and a vibrant developer community.

Shares of D-Wave Quantum stock traded down $0.74 during midday trading on Thursday, reaching $17.91. The company had a trading volume of 29,054,677 shares, compared to its average volume of 68,584,086. D-Wave Quantum has a fifty-two week low of $0.80 and a fifty-two week high of $20.56. The company has a debt-to-equity ratio of 0.05, a current ratio of 42.99 and a quick ratio of 42.86. The stock has a fifty day moving average price of $16.75 and a 200 day moving average price of $11.36. The firm has a market cap of $5.23 billion, a PE ratio of -17.06 and a beta of 1.41.

Read Our Latest Research Report on QBTS

IonQ (IONQ)

IonQ, Inc. engages in the development of general-purpose quantum computing systems in the United States. It sells access to quantum computers of various qubit capacities. The company makes access to its quantum computers through cloud platforms, such as Amazon Web Services (AWS) Amazon Braket, Microsoft's Azure Quantum, and Google's Cloud Marketplace, as well as through its cloud service.

Shares of NYSE:IONQ traded down $1.31 during trading on Thursday, reaching $39.90. 11,396,941 shares of the stock were exchanged, compared to its average volume of 23,016,117. The stock has a fifty day moving average of $41.61 and a two-hundred day moving average of $34.38. IonQ has a 1-year low of $6.54 and a 1-year high of $54.74. The firm has a market cap of $10.44 billion, a price-to-earnings ratio of -19.82 and a beta of 2.54.

Read Our Latest Research Report on IONQ

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