Promising Quantum Computing Stocks To Keep An Eye On - November 4th

Key Points

• IonQ, D-Wave Quantum, and Quantum Computing Inc. were identified by MarketBeat’s screener as quantum-computing stocks with the highest recent dollar trading volume.
• All three shares fell on Wednesday: IonQ traded at $29.11 (market cap $12.5 billion), D-Wave at $10.35 ($3.83 billion), and Quantum Computing Inc. at $6.34 ($1.44 billion).
• The companies span quantum-computing hardware, software, and services, but the article characterizes the sector as thematic and often speculative, with valuations tied to future commercial adoption; all three reported negative P/E ratios.

IonQ, D-Wave Quantum, and Quantum 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 involved in developing quantum computers, related hardware, software, cloud services, or supporting technologies. For investors, the term generally refers to a thematic and often speculative group of stocks whose value may depend on the future commercial adoption of quantum computing. 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.

Shares of IONQ traded down $0.88 during midday trading on Wednesday, hitting $29.11. The company had a trading volume of 11,504,993 shares, compared to its average volume of 24,357,873. IonQ has a 1 year low of $25.89 and a 1 year high of $73.65. The company's 50-day simple moving average is $37.64 and its 200-day simple moving average is $41.88. The firm has a market capitalization of $12.50 billion, a P/E ratio of -6.25 and a beta of 3.32.

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 down $0.03 during trading hours on Wednesday, hitting $10.35. The company's stock had a trading volume of 7,667,759 shares, compared to its average volume of 25,456,418. D-Wave Quantum has a 52-week low of $10.02 and a 52-week high of $32.39. The stock has a market capitalization of $3.83 billion, a P/E ratio of -14.60 and a beta of 2.35. The company has a current ratio of 20.55, a quick ratio of 20.42 and a debt-to-equity ratio of 0.03. The stock has a fifty day moving average of $15.07 and a 200-day moving average of $19.19.

Read Our Latest Research Report on QBTS

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 NASDAQ QUBT traded down $0.09 during midday trading on Wednesday, hitting $6.34. 4,194,807 shares of the company's stock were exchanged, compared to its average volume of 13,308,504. The firm's fifty day simple moving average is $7.70 and its 200-day simple moving average is $8.71. The company has a market cap of $1.44 billion, a PE ratio of -90.92 and a beta of 3.95. Quantum Computing has a twelve month low of $6.08 and a twelve month high of $14.45.

Read Our Latest Research Report on QUBT

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.