Quantum Computing Stocks To Watch Now - August 9th

Key Points

• IonQ, D-Wave Quantum, and Rigetti Computing are identified as key quantum computing stocks to watch, reflecting strong trading activity and potential growth in the emerging field of quantum technology.
• IonQ's stock recently saw a significant increase, trading at $41.90, with a high market cap of $10.96 billion and a strong trading volume of over 20 million shares.
• D-Wave Quantum's stock experienced a notable rise, indicating positive market movement, while Rigetti Computing also maintains a market cap of $4.48 billion amidst fluctuating trading volumes.

IonQ, D-Wave Quantum, and Rigetti Computing are the three Quantum Computing stocks to watch today, according to MarketBeat's stock screener tool. Quantum computing stocks are shares in publicly traded companies that research, develop or commercialize quantum‐based hardware, software and cloud services. Because commercial quantum computers are still in an emerging stage, these equities tend to carry high growth potential alongside elevated technological and market‐adoption risk. 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 up $1.41 during mid-day trading on Friday, hitting $41.90. The stock had a trading volume of 20,380,886 shares, compared to its average volume of 20,119,504. IonQ has a fifty-two week low of $6.54 and a fifty-two week high of $54.74. The firm has a market cap of $10.96 billion, a PE ratio of -20.85 and a beta of 2.54. The company's 50-day simple moving average is $41.42 and its 200-day simple moving average is $34.35.

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 $0.33 during mid-day trading on Friday, hitting $16.84. The stock had a trading volume of 44,485,820 shares, compared to its average volume of 47,287,608. D-Wave Quantum has a fifty-two week low of $0.78 and a fifty-two week high of $20.56. The firm has a market cap of $4.92 billion, a PE ratio of -16.04 and a beta of 1.41. The company has a debt-to-equity ratio of 0.15, a current ratio of 20.73 and a quick ratio of 20.61. The company's 50-day simple moving average is $16.71 and its 200-day simple moving average is $11.11.

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 traded down $0.22 during trading hours on Friday, reaching $15.44. The company had a trading volume of 20,713,690 shares, compared to its average volume of 45,295,376. The firm has a 50 day simple moving average of $13.32 and a 200-day simple moving average of $11.37. The company has a market capitalization of $4.48 billion, a price-to-earnings ratio of -22.06 and a beta of 1.44. Rigetti Computing has a 12-month low of $0.66 and a 12-month high of $21.42.

Read Our Latest Research Report on RGTI

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