Top Quantum Computing Stocks To Follow Now - May 6th

IonQ, Booz Allen Hamilton, 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 that focus on developing, manufacturing or commercializing quantum computing hardware, software and related services. By investing in these equities, shareholders gain exposure to the potential growth of quantum bits (qubits), quantum algorithms and the infrastructure needed for large-scale quantum information processing. Because the field is still in its early stages, quantum computing stocks tend to exhibit higher volatility but also offer significant long-term upside if quantum technologies achieve widespread commercial adoption. 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.

NYSE:IONQ traded down $0.97 on Tuesday, hitting $28.85. 7,574,961 shares of the stock were exchanged, compared to its average volume of 16,224,476. The stock has a market capitalization of $6.43 billion, a price-to-earnings ratio of -35.48 and a beta of 2.46. The company's 50-day moving average price is $24.36 and its 200 day moving average price is $30.25. IonQ has a 52 week low of $6.22 and a 52 week high of $54.74.

Read Our Latest Research Report on IONQ

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 $3.65 during trading hours on Tuesday, hitting $122.82. The stock had a trading volume of 1,052,236 shares, compared to its average volume of 1,535,422. Booz Allen Hamilton has a one year low of $101.05 and a one year high of $190.59. The company has a market cap of $15.55 billion, a price-to-earnings ratio of 18.29, a P/E/G ratio of 1.25 and a beta of 0.56. 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 business's 50 day moving average is $111.18 and its 200-day moving average is $131.12.

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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 Rigetti Computing stock traded down $0.27 during trading hours on Tuesday, hitting $9.44. The company's stock had a trading volume of 10,521,171 shares, compared to its average volume of 49,884,615. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.84 and a quick ratio of 4.84. The stock has a 50 day moving average of $8.84 and a 200 day moving average of $8.32. Rigetti Computing has a 12 month low of $0.66 and a 12 month high of $21.42. The company has a market capitalization of $2.70 billion, a PE ratio of -24.74 and a beta of 1.41.

Read Our Latest Research Report on RGTI