Promising Quantum Computing Stocks To Watch Now - May 30th

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 companies that develop, manufacture, or provide services related to quantum computers—machines that leverage quantum-mechanical phenomena such as superposition and entanglement to perform certain calculations much faster than classical computers. Investors interested in this niche sector buy and trade these equities to gain exposure to the potential growth and technological breakthroughs in quantum hardware, software, and applications. 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 down $3.39 during trading on Friday, hitting $39.81. 21,564,404 shares of the company traded hands, compared to its average volume of 23,489,734. IonQ has a 12 month low of $6.22 and a 12 month high of $54.74. The business has a fifty day simple moving average of $29.65 and a 200 day simple moving average of $32.55. The company has a market capitalization of $8.87 billion, a P/E ratio of -49.15 and a beta of 2.46.

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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.

NYSE QBTS traded down $0.32 during trading on Friday, reaching $15.95. 46,999,846 shares of the company traded hands, compared to its average volume of 43,205,355. The stock's 50 day moving average price is $9.44 and its two-hundred day moving average price is $7.10. The company has a market cap of $4.65 billion, a price-to-earnings ratio of -37.96 and a beta of 0.90. D-Wave Quantum has a 1-year low of $0.75 and a 1-year high of $19.77.

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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 traded down $1.11 on Friday, hitting $12.05. The company's stock had a trading volume of 38,169,461 shares, compared to its average volume of 54,739,616. The company has a market capitalization of $3.50 billion, a PE ratio of -31.67 and a beta of 1.41. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.84 and a quick ratio of 4.84. Rigetti Computing has a fifty-two week low of $0.66 and a fifty-two week high of $21.42. The company has a 50 day moving average price of $9.89 and a 200 day moving average price of $9.54.

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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.

QUBT stock traded down $1.22 during trading on Friday, hitting $11.22. The company had a trading volume of 18,671,581 shares, compared to its average volume of 19,196,030. The firm has a 50-day moving average price of $8.33 and a 200-day moving average price of $8.92. Quantum Computing has a 12 month low of $0.35 and a 12 month high of $27.15. The stock has a market cap of $1.58 billion, a price-to-earnings ratio of -38.73 and a beta of 3.74.

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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.

BAH stock traded down $0.35 during trading on Friday, hitting $105.37. The company had a trading volume of 739,584 shares, compared to its average volume of 2,462,230. The firm has a 50-day moving average price of $115.20 and a 200-day moving average price of $124.69. The stock has a market cap of $13.09 billion, a price-to-earnings ratio of 15.69, a PEG ratio of 1.25 and a beta of 0.56. Booz Allen Hamilton has a 12 month low of $101.05 and a 12 month high of $190.59. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 2.72.

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