Promising Quantum Computing Stocks To Keep An Eye On - August 6th

Key Points

• Five Quantum Computing stocks to watch include IonQ, D-Wave Quantum, Rigetti Computing, Quantum Computing Inc., and Booz Allen Hamilton, highlighting the field's potential for solving complex problems.
• IonQ has a market capitalization of $10.78 billion and a PE ratio of -27.75, while D-Wave Quantum and Rigetti Computing have market caps of $5.21 billion and $4.65 billion, respectively.
• All mentioned stocks exhibit a volatile trading history, with average trading volumes significantly higher than the shares traded on the analyzed Wednesday.

IonQ, D-Wave Quantum, Rigetti Computing, Quantum Computing, and Booz Allen Hamilton 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 research, develop or commercialize quantum computing technologies—including quantum processors, software platforms and related hardware or services. Investors in these equities seek exposure to the field’s long-term potential to solve complex problems far beyond the reach of conventional computers, but should be prepared for a nascent market with elevated risk and volatility. 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 stock traded down $0.80 during trading hours on Wednesday, reaching $41.22. 14,071,960 shares of the stock traded hands, compared to its average volume of 22,954,113. IonQ has a 1-year low of $6.54 and a 1-year high of $54.74. The business has a fifty day moving average price of $41.57 and a 200 day moving average price of $34.31. The firm has a market capitalization of $10.78 billion, a PE ratio of -27.75 and a beta of 2.54.

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.

Shares of QBTS stock traded down $0.46 during trading hours on Wednesday, reaching $17.84. 27,107,080 shares of the stock traded hands, compared to its average volume of 69,373,063. D-Wave Quantum has a 1-year low of $0.75 and a 1-year high of $20.56. The business has a fifty day moving average price of $16.68 and a 200 day moving average price of $10.91. 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 market capitalization of $5.21 billion, a PE ratio of -29.85 and a beta of 1.41.

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.

Shares of RGTI stock traded down $0.44 during trading hours on Wednesday, reaching $16.03. 16,385,876 shares of the stock traded hands, compared to its average volume of 72,215,242. Rigetti Computing has a 1-year low of $0.66 and a 1-year high of $21.42. The business has a fifty day moving average price of $13.17 and a 200 day moving average price of $11.29. The firm has a market capitalization of $4.65 billion, a PE ratio of -22.89 and a beta of 1.44.

Read Our Latest Research Report on RGTI

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 down $0.65 during trading hours on Wednesday, reaching $16.24. 8,677,527 shares of the stock traded hands, compared to its average volume of 24,670,641. Quantum Computing has a 1-year low of $0.57 and a 1-year high of $27.15. The business has a fifty day moving average price of $16.98 and a 200 day moving average price of $11.17. The firm has a market capitalization of $2.60 billion, a PE ratio of -34.02 and a beta of 4.09.

Read Our Latest Research Report on QUBT

Booz Allen Hamilton (BAH)

Booz Allen Hamilton Holding Corporation provides management and technology consulting, analytics, engineering, digital solutions, mission operations, and cyber services to governments, corporations, and not-for-profit organizations in the United States and internationally. It focuses on artificial intelligence services comprising of machine learning, predictive modeling, automation and decision analytics, and quantum computing.

Shares of BAH stock traded down $0.14 during trading hours on Wednesday, reaching $111.31. 421,964 shares of the stock traded hands, compared to its average volume of 2,344,530. Booz Allen Hamilton has a 1-year low of $98.95 and a 1-year high of $190.59. The business has a fifty day moving average price of $105.95 and a 200 day moving average price of $113.48. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 3.66. The firm has a market capitalization of $13.72 billion, a PE ratio of 13.68, a PEG ratio of 1.74 and a beta of 0.47.

Read Our Latest Research Report on BAH

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