Top Quantum Computing Stocks To Consider - July 30th

Key Points

• Five key quantum computing stocks to watch include IonQ, D-Wave Quantum, Rigetti Computing, Booz Allen Hamilton, and Quantum Computing, which are leading firms in the development of quantum technologies.
• IonQ's stock currently trades at $40.80, with a market cap of $10.67 billion and a recent trading volume significantly lower than its average.
• D-Wave Quantum stock recently reached $17.75, supported by its innovative offerings like the Advantage quantum computer and various cloud-based services.

IonQ, D-Wave Quantum, Rigetti Computing, Booz Allen Hamilton, and Quantum Computing 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 focused on developing quantum computing hardware, software, and related technologies. These firms work on quantum processors, error-correction techniques, and specialized algorithms designed to solve problems beyond the reach of classical computers. Investors buy these stocks to gain exposure to the emerging quantum technology sector, which promises breakthroughs in fields like cryptography, optimization, and materials science. 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.

IONQ stock traded up $0.27 during midday trading on Wednesday, reaching $40.80. The company had a trading volume of 9,408,882 shares, compared to its average volume of 23,041,160. The company has a 50 day moving average of $41.95 and a two-hundred day moving average of $34.16. IonQ has a 1 year low of $6.22 and a 1 year high of $54.74. The company has a market capitalization of $10.67 billion, a P/E ratio of -27.31 and a beta of 2.55.

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.

NYSE:QBTS traded up $0.08 during midday trading on Wednesday, reaching $17.75. The stock had a trading volume of 19,735,435 shares, compared to its average volume of 70,362,273. D-Wave Quantum has a 1-year low of $0.75 and a 1-year high of $20.56. The firm's fifty day simple moving average is $16.75 and its 200-day simple moving average is $10.49. 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 stock has a market capitalization of $5.19 billion, a P/E ratio of -29.72 and a beta of 1.40.

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 $0.18 during midday trading on Wednesday, reaching $14.65. 14,247,673 shares of the company's stock were exchanged, compared to its average volume of 73,312,250. Rigetti Computing has a 12 month low of $0.66 and a 12 month high of $21.42. The firm has a market capitalization of $4.25 billion, a PE ratio of -20.93 and a beta of 1.43. The company's 50 day simple moving average is $13.01 and its two-hundred day simple moving average is $11.10.

Read Our Latest Research Report on RGTI

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.

Shares of BAH traded down $0.52 on Wednesday, reaching $107.69. 1,003,973 shares of the company's stock were exchanged, compared to its average volume of 2,362,051. The stock has a market capitalization of $13.27 billion, a P/E ratio of 13.25, a price-to-earnings-growth ratio of 1.68 and a beta of 0.48. The business has a 50 day moving average price of $106.68 and a two-hundred day moving average price of $114.40. The company has a current ratio of 1.78, a quick ratio of 1.79 and a debt-to-equity ratio of 3.66. Booz Allen Hamilton has a 12 month low of $98.95 and a 12 month high of $190.59.

Read Our Latest Research Report on BAH

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 traded down $0.10 during trading on Wednesday, reaching $15.27. The company had a trading volume of 5,917,079 shares, compared to its average volume of 24,927,176. Quantum Computing has a 12 month low of $0.53 and a 12 month high of $27.15. The business's fifty day moving average price is $16.61 and its 200 day moving average price is $10.92. The company has a market cap of $2.41 billion, a P/E ratio of -31.80 and a beta of 3.96.

Read Our Latest Research Report on QUBT

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.