Best Quantum Computing Stocks To Follow Now - July 29th

Key Points

• IonQ, D-Wave Quantum, and Rigetti Computing are currently the top quantum computing stocks to watch, according to high trading volumes reported recently.
• D-Wave Quantum experienced a notable trading volume and has developed a suite of quantum computing tools, indicating its strong position in the market.
• IonQ's stock shows significant growth potential, with a market cap of $10.86 billion and a 12-month high of $54.74.

IonQ, D-Wave Quantum, and Rigetti Computing are the three Quantum Computing stocks to watch today, according to MarketBeat's stock screener tool. Quantum computing stocks are shares of publicly traded companies that develop, manufacture or provide services related to quantum computing hardware, software and algorithms. Investors buy these stocks to gain exposure to the potential breakthroughs and long-term growth of quantum technologies. These companies had the highest dollar trading volume of any Quantum Computing stocks within the last several days.

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.

IONQ stock traded down $0.82 during trading on Tuesday, hitting $41.52. The company had a trading volume of 16,394,135 shares, compared to its average volume of 23,106,535. The firm has a 50-day moving average price of $41.85 and a 200-day moving average price of $34.11. IonQ has a 12 month low of $6.22 and a 12 month high of $54.74. The stock has a market cap of $10.86 billion, a price-to-earnings ratio of -27.86 and a beta of 2.55.

Read Our Latest Research Report on IONQ

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.

QBTS stock traded down $0.28 during trading on Tuesday, hitting $18.08. The company had a trading volume of 24,312,191 shares, compared to its average volume of 70,682,820. The company has a quick ratio of 20.61, a current ratio of 20.73 and a debt-to-equity ratio of 0.15. The firm has a 50-day moving average price of $16.73 and a 200-day moving average price of $10.44. D-Wave Quantum has a 12 month low of $0.75 and a 12 month high of $20.56. The stock has a market cap of $5.28 billion, a price-to-earnings ratio of -30.12 and a beta of 1.40.

Read Our Latest Research Report on QBTS

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 $0.78 during trading on Tuesday, hitting $14.80. The company had a trading volume of 21,495,750 shares, compared to its average volume of 73,655,688. The firm has a 50-day moving average price of $12.96 and a 200-day moving average price of $11.07. The stock has a market cap of $4.30 billion, a price-to-earnings ratio of -21.13 and a beta of 1.43. 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

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