Quantum Computing Stocks To Watch Today - August 1st

Key Points

• Quantum Computing Stocks: IonQ, D-Wave Quantum, and Rigetti Computing are highlighted as top quantum computing stocks to monitor, reflecting the emerging and volatile nature of this sector.
• D-Wave Quantum Performance: D-Wave's shares recently fell by $0.90 to $16.29, with a robust trading volume despite fluctuations in its stock price over the past year.
• IonQ Stock Update: IonQ's shares decreased by $2.01 to $37.86, with a significant market cap of $9.90 billion and notable trading activity suggesting investor interest.

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 of publicly traded companies whose primary business involves researching, developing or commercializing quantum computing hardware, software, or related services. These equities give investors exposure to the emerging field of quantum computing, which leverages quantum-mechanical effects such as superposition and entanglement to solve certain problems more efficiently than classical computers. Because the industry is still in its early, experimental stage, quantum computing stocks tend to exhibit higher volatility and risk compared with those in more established technology sectors. 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 NYSE:IONQ traded down $2.01 during trading on Friday, hitting $37.86. The company had a trading volume of 13,736,777 shares, compared to its average volume of 23,026,021. The company has a fifty day simple moving average of $41.96 and a two-hundred day simple moving average of $34.28. The stock has a market cap of $9.90 billion, a price-to-earnings ratio of -25.41 and a beta of 2.55. IonQ has a one year low of $6.22 and a one year high of $54.74.

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 NYSE:QBTS traded down $0.90 during trading hours on Friday, hitting $16.29. 23,394,110 shares of the company's stock traded hands, compared to its average volume of 69,938,070. The firm has a market capitalization of $4.76 billion, a P/E ratio of -27.15 and a beta of 1.40. The business has a fifty day moving average price of $16.74 and a 200-day moving average price of $10.62. D-Wave Quantum has a 1 year low of $0.75 and a 1 year high of $20.56. The company has a debt-to-equity ratio of 0.15, a current ratio of 20.73 and a quick ratio of 20.61.

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 down $0.60 during midday trading on Friday, hitting $13.90. The company's stock had a trading volume of 23,217,127 shares, compared to its average volume of 72,878,836. The business's 50 day moving average is $13.08 and its two-hundred day moving average is $11.18. The firm has a market cap of $4.04 billion, a P/E ratio of -19.83 and a beta of 1.43. 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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