Quantum Computing Stocks To Follow Now - August 5th

Key Points

• D-Wave Quantum, Rigetti Computing, IonQ, and several other companies are highlighted as key quantum computing stocks to watch due to their innovations in quantum technology.
• IonQ has a market capitalization of $10.87 billion and engages in developing general-purpose quantum computing systems sold via major cloud platforms.
• AmpliTech Group specializes in microwave component-based amplifiers, showing potential growth with its focus on communication systems, trading at $2.99.

D-Wave Quantum, Rigetti Computing, IonQ, Quantum Computing, Booz Allen Hamilton, Rigetti Computing, and AmpliTech Group are the seven 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 technology. These companies may work on quantum hardware (such as quantum processors and qubits), quantum software and algorithms, or ancillary technologies (like cryogenic systems and error-correction tools) that support quantum systems. Investors buy these stocks hoping to benefit from the potential breakthroughs and commercial applications of quantum computing. These companies had the highest dollar trading volume of any Quantum Computing stocks within the last several days.

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 traded up $1.10 on Tuesday, hitting $18.28. 47,125,835 shares of the stock traded hands, compared to its average volume of 69,582,109. The business has a fifty day moving average price of $16.66 and a two-hundred day moving average price of $10.85. The company has a current ratio of 20.73, a quick ratio of 20.61 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $5.34 billion, a PE ratio of -30.46 and a beta of 1.41. D-Wave Quantum has a 52 week low of $0.75 and a 52 week high of $20.56.

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 NASDAQ RGTI traded up $0.54 during midday trading on Tuesday, reaching $16.30. 34,775,601 shares of the company traded hands, compared to its average volume of 72,521,266. Rigetti Computing has a 12 month low of $0.66 and a 12 month high of $21.42. The stock's 50-day simple moving average is $13.12 and its 200-day simple moving average is $11.26. The firm has a market cap of $4.73 billion, a PE ratio of -23.31 and a beta of 1.44.

Read Our Latest Research Report on RGTI

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 NYSE:IONQ traded up $1.70 during midday trading on Tuesday, reaching $41.56. The company's stock had a trading volume of 12,920,160 shares, compared to its average volume of 22,952,262. The business's fifty day simple moving average is $41.69 and its 200-day simple moving average is $34.26. IonQ has a fifty-two week low of $6.54 and a fifty-two week high of $54.74. The company has a market capitalization of $10.87 billion, a P/E ratio of -27.91 and a beta of 2.54.

Read Our Latest Research Report on IONQ

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 up $1.28 during mid-day trading on Tuesday, hitting $16.88. The company's stock had a trading volume of 27,344,546 shares, compared to its average volume of 24,741,662. The stock has a market cap of $2.70 billion, a price-to-earnings ratio of -35.23 and a beta of 4.09. The company's fifty day simple moving average is $16.90 and its 200-day simple moving average is $11.13. Quantum Computing has a one year low of $0.57 and a one year high of $27.15.

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.

NYSE BAH traded up $0.03 on Tuesday, reaching $111.46. The company had a trading volume of 892,246 shares, compared to its average volume of 2,352,309. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 3.66. Booz Allen Hamilton has a 52 week low of $98.95 and a 52 week high of $190.59. The stock has a market cap of $13.74 billion, a price-to-earnings ratio of 13.69, a PEG ratio of 1.72 and a beta of 0.47. The stock's 50 day moving average is $105.92 and its 200-day moving average is $113.50.

Read Our Latest Research Report on BAH

Rigetti Computing (RGTIW)

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.

NASDAQ:RGTIW traded up $0.26 on Tuesday, reaching $6.18. The company's stock had a trading volume of 336,992 shares, compared to its average volume of 510,430. The business's 50-day moving average price is $4.81 and its two-hundred day moving average price is $4.08. Rigetti Computing has a 1-year low of $0.06 and a 1-year high of $9.79.

Read Our Latest Research Report on RGTIW

AmpliTech Group (AMPG)

AmpliTech Group, Inc. designs, engineers, and assembles micro-wave component-based amplifiers. The company's products include radio frequency (RF) amplifiers and related subsystems, such as low noise amplifiers for use in receivers of various communication systems comprising Wi-Fi, radar, satellite, base station, cell phone, radio, etc.; and medium power amplifiers that provide enhanced output power and gain in transceiver chains.

AmpliTech Group stock traded down $0.08 during midday trading on Tuesday, reaching $2.99. The stock had a trading volume of 260,438 shares, compared to its average volume of 779,604. The firm's fifty day simple moving average is $2.37 and its 200-day simple moving average is $1.99. AmpliTech Group has a 1-year low of $0.64 and a 1-year high of $6.43. The stock has a market capitalization of $61.59 million, a P/E ratio of -4.30 and a beta of -1.00.

Read Our Latest Research Report on AMPG

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