Quantum Computing Stocks To Watch Today - June 1st

D-Wave Quantum, IonQ, 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 focus on researching, developing or commercializing quantum computing hardware, software and related services. Investing in these stocks gives exposure to the potentially transformative impact of quantum processors and algorithms on industries like cryptography, optimization and materials science. Because the field is still in its early stages, the performance of quantum computing stocks often hinges on research breakthroughs, strategic partnerships and funding milestones. 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.

Shares of NYSE QBTS traded up $0.09 during mid-day trading on Friday, reaching $16.36. The company had a trading volume of 68,572,232 shares, compared to its average volume of 43,610,026. The firm has a 50 day simple moving average of $9.59 and a two-hundred day simple moving average of $7.24. The stock has a market cap of $4.78 billion, a P/E ratio of -38.95 and a beta of 0.90. D-Wave Quantum has a 52-week low of $0.75 and a 52-week high of $19.77.

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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 $2.86 during mid-day trading on Friday, reaching $40.34. The company had a trading volume of 27,076,076 shares, compared to its average volume of 17,915,726. The firm has a 50 day simple moving average of $29.94 and a two-hundred day simple moving average of $32.71. The stock has a market cap of $8.99 billion, a P/E ratio of -49.80 and a beta of 2.46. IonQ has a 52-week low of $6.22 and a 52-week high of $54.74.

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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 NASDAQ RGTI traded down $0.99 during mid-day trading on Friday, reaching $12.16. The company had a trading volume of 53,782,094 shares, compared to its average volume of 55,209,071. The company has a current ratio of 4.84, a quick ratio of 4.84 and a debt-to-equity ratio of 0.02. The firm has a 50 day simple moving average of $9.94 and a two-hundred day simple moving average of $9.67. The stock has a market cap of $3.53 billion, a P/E ratio of -32.00 and a beta of 1.41. Rigetti Computing has a 52-week low of $0.66 and a 52-week high of $21.42.

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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.

Shares of NASDAQ QUBT traded down $1.07 during mid-day trading on Friday, reaching $11.36. The company had a trading volume of 25,597,550 shares, compared to its average volume of 19,372,873. The firm has a 50 day simple moving average of $8.39 and a two-hundred day simple moving average of $9.04. The stock has a market cap of $1.60 billion, a P/E ratio of -39.17 and a beta of 3.74. Quantum Computing has a 52-week low of $0.35 and a 52-week high of $27.15.

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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.

Booz Allen Hamilton stock traded up $0.37 during midday trading on Friday, hitting $106.09. 2,370,418 shares of the company's stock were exchanged, compared to its average volume of 1,637,539. Booz Allen Hamilton has a 12-month low of $101.05 and a 12-month high of $190.59. The company has a debt-to-equity ratio of 2.72, a quick ratio of 1.57 and a current ratio of 1.57. The stock has a market cap of $13.18 billion, a price-to-earnings ratio of 15.81, a price-to-earnings-growth ratio of 1.25 and a beta of 0.56. The firm's 50 day simple moving average is $115.19 and its 200 day simple moving average is $123.84.

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