Best Quantum Computing Stocks To Consider - November 9th

Key Points

• MarketBeat identified five quantum-computing stocks with high recent dollar trading volume: IonQ, D-Wave Quantum, Quantinuum, Quantum Computing Inc. and Horizon Quantum Computing.
• All five stocks rose in Monday trading: IonQ reached $35.80, D-Wave $11.49, Quantinuum $39.79, Quantum Computing Inc. $6.79 and Horizon Quantum $13.11.
• The sector remains emerging and potentially speculative; the listed stocks were all below their respective 52-week highs, and several reported negative P/E ratios.

IonQ, D-Wave Quantum, Quantinuum, Quantum Computing, and Horizon Quantum Computing Pte. are the five Quantum Computing stocks to watch today, according to MarketBeat's stock screener tool. “Quantum computing stocks” are shares of publicly traded companies that develop quantum computers, related hardware or software, or other technologies and services supporting the field. For investors, the term can also include larger companies with significant quantum-computing research or business exposure, though the technology is still emerging and related stocks may be speculative. 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.

NYSE IONQ traded up $3.18 on Monday, hitting $35.80. 20,471,124 shares of the company's stock were exchanged, compared to its average volume of 24,502,828. The stock has a market cap of $15.37 billion, a price-to-earnings ratio of 132.41 and a beta of 3.32. IonQ has a 52 week low of $24.92 and a 52 week high of $73.65. The stock has a 50-day moving average of $36.91 and a 200-day moving average of $41.58.

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.

NASDAQ:QBTS traded up $0.81 during mid-day trading on Monday, reaching $11.49. The stock had a trading volume of 10,328,112 shares, compared to its average volume of 25,408,559. The company has a debt-to-equity ratio of 0.03, a current ratio of 20.55 and a quick ratio of 20.42. The company has a market capitalization of $4.25 billion, a price-to-earnings ratio of -16.18 and a beta of 2.35. D-Wave Quantum has a 1-year low of $8.48 and a 1-year high of $32.39. The stock's 50 day simple moving average is $14.58 and its two-hundred day simple moving average is $18.91.

Read Our Latest Research Report on QBTS

Quantinuum (QNT)

Quantum computing is quickly evolving from research to early commercial adoption to address the insatiable need for computing power in the digital age. Even as classical computing continues to advance in energy-efficient performance, the huge computational demands of new applications such as artificial intelligence (“AI”) are making it challenging for classical computing to keep pace.

NASDAQ:QNT traded up $2.22 during trading hours on Monday, reaching $39.79. 1,354,235 shares of the stock were exchanged, compared to its average volume of 2,301,004. The firm has a market cap of $10.48 billion and a PE ratio of -142.11. The company's 50 day moving average is $43.41. Quantinuum has a 52 week low of $28.31 and a 52 week high of $86.79.

Read Our Latest Research Report on QNT

Quantum Computing (QUBT)

Quantum Computing Inc., an integrated photonics company, offers accessible and affordable quantum machines. The company offers Dirac systems are portable, low power, and room temperature qubit and qudit entropy quantum computers (EQC); reservoir computing; remote sensing; and single photon imaging. It also provides Quantum random number generator (uQRNG), a portable device that provides genuine random numbers directly from quantum processes; and quantum authentication which eliminates vulnerabilities inherent in classical cryptographic schemes by offering a comprehensive entanglement-based quantum cyber solution that seamlessly integrates into existing telecom fiber and communication infrastructure.

Shares of QUBT stock traded up $0.46 on Monday, hitting $6.79. 5,709,560 shares of the stock traded hands, compared to its average volume of 13,285,845. The company's fifty day moving average is $7.55 and its 200 day moving average is $8.62. Quantum Computing has a 1-year low of $5.39 and a 1-year high of $14.45. The company has a market capitalization of $1.54 billion, a PE ratio of -96.77 and a beta of 3.95.

Read Our Latest Research Report on QUBT

Horizon Quantum Computing Pte. (HQ)

dMY Squared Technology Group Inc. is a blank check company. It formed for the purpose to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. dMY Squared Technology Group Inc. is based in LAS VEGAS.

Shares of Horizon Quantum Computing Pte. stock traded up $1.67 during trading hours on Monday, reaching $13.11. The company's stock had a trading volume of 120,032 shares, compared to its average volume of 417,121. Horizon Quantum Computing Pte. has a one year low of $8.29 and a one year high of $45.00. The company's 50 day simple moving average is $14.63 and its 200 day simple moving average is $15.42. The stock has a market cap of $676.01 million, a P/E ratio of -28.84 and a beta of 0.37.

Read Our Latest Research Report on HQ

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