Top Quantum Computing Stocks To Keep An Eye On - August 7th

Key Points

• MarketBeat identifies D-Wave Quantum, IonQ, Rigetti Computing, and AmpliTech Group as key stocks in the quantum computing sector, known for their potential long-term returns linked to advancements in quantum technologies.
• D-Wave Quantum shares traded down to $17.04, with a notable trading volume of over 58 million shares and a market cap of approximately $4.98 billion.
• IonQ saw its shares drop to $40.07, maintaining a market cap of $10.48 billion and offering cloud access to users via several major platforms like AWS and Microsoft Azure.

D-Wave Quantum, IonQ, Rigetti Computing, Quantum Computing, Booz Allen Hamilton, Rigetti Computing, and AmpliTech Group are the seven Quantum Computing stocks to watch today, according to MarketBeat's stock screener tool. Quantum computing stocks are shares of publicly traded companies whose core business involves developing or commercializing quantum computing technologies—ranging from quantum processors and quantum-safe cryptography to quantum algorithms and cloud-based quantum services. Investors buy these stocks to gain exposure to the potential long-term upside (and risks) associated with the maturation and adoption of quantum hardware and software. As research breakthroughs and industry partnerships shape the field, quantum computing stocks can be particularly volatile but may offer outsized returns if quantum technologies achieve widespread practical application. 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 D-Wave Quantum stock traded down $0.54 on Thursday, reaching $17.04. The company had a trading volume of 58,346,532 shares, compared to its average volume of 69,377,047. D-Wave Quantum has a 52-week low of $0.75 and a 52-week high of $20.56. The firm's 50 day moving average price is $16.68 and its two-hundred day moving average price is $10.95. The firm has a market cap of $4.98 billion, a PE ratio of -28.46 and a beta of 1.41. The company has a debt-to-equity ratio of 0.15, a quick ratio of 20.61 and a current ratio of 20.73.

Read Our Latest Research Report on QBTS

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 down $1.16 during trading hours on Thursday, reaching $40.07. The company had a trading volume of 23,346,295 shares, compared to its average volume of 23,023,510. IonQ has a twelve month low of $6.54 and a twelve month high of $54.74. The stock's fifty day simple moving average is $41.44 and its 200 day simple moving average is $34.36. The company has a market capitalization of $10.48 billion, a P/E ratio of -26.90 and a beta of 2.54.

Read Our Latest Research Report on IONQ

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.

RGTI traded down $0.43 during trading on Thursday, hitting $15.56. The stock had a trading volume of 23,870,282 shares, compared to its average volume of 71,944,297. The company has a 50 day simple moving average of $13.20 and a 200-day simple moving average of $11.32. The firm has a market cap of $4.52 billion, a PE ratio of -22.24 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

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 stock traded down $0.40 during trading hours on Thursday, reaching $15.77. The stock had a trading volume of 10,546,805 shares, compared to its average volume of 24,603,656. The stock has a 50-day simple moving average of $17.05 and a 200 day simple moving average of $11.20. The stock has a market capitalization of $2.52 billion, a PE ratio of -32.88 and a beta of 4.09. Quantum Computing has a fifty-two week low of $0.57 and a fifty-two week high of $27.15.

Read Our Latest Research Report on QUBT

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.

BAH traded down $1.27 during midday trading on Thursday, hitting $110.60. The company had a trading volume of 1,115,566 shares, compared to its average volume of 2,341,325. Booz Allen Hamilton has a 52 week low of $98.95 and a 52 week high of $190.59. The stock's 50 day moving average price is $106.10 and its 200 day moving average price is $113.47. The company has a market capitalization of $13.63 billion, a price-to-earnings ratio of 13.59, a PEG ratio of 1.75 and a beta of 0.47. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 3.66.

Read Our Latest Research Report on BAH

Rigetti Computing (RGTIW)

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.

RGTIW traded down $0.18 during midday trading on Thursday, reaching $5.80. The company's stock had a trading volume of 177,554 shares, compared to its average volume of 506,425. Rigetti Computing has a 1 year low of $0.06 and a 1 year high of $9.79. The stock's 50-day moving average is $4.84 and its 200-day moving average is $4.11.

Read Our Latest Research Report on RGTIW

AmpliTech Group (AMPG)

AmpliTech Group, Inc. designs, engineers, and assembles micro-wave component-based amplifiers. The company's products include radio frequency (RF) amplifiers and related subsystems, such as low noise amplifiers for use in receivers of various communication systems comprising Wi-Fi, radar, satellite, base station, cell phone, radio, etc.; and medium power amplifiers that provide enhanced output power and gain in transceiver chains.

AmpliTech Group stock traded down $0.13 during trading hours on Thursday, hitting $2.80. The company had a trading volume of 231,514 shares, compared to its average volume of 773,008. The firm has a market cap of $57.50 million, a P/E ratio of -4.05 and a beta of -1.00. The company has a 50-day moving average price of $2.40 and a two-hundred day moving average price of $2.01. AmpliTech Group has a 1 year low of $0.64 and a 1 year high of $6.43.

Read Our Latest Research Report on AMPG

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