Quantum Computing Stocks To Research – June 2nd

D-Wave Quantum, IonQ, 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 research, develop or commercialize quantum‐based hardware, software and related services. Investing in these equities gives exposure to breakthroughs in quantum algorithms and processors, which aim to solve complex problems far beyond the reach of classical computers. Because the industry is still in its early stages, quantum computing stocks often exhibit higher volatility and long-term growth potential tied to technological advances and market adoption. 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 $0.60 on Monday, reaching $16.93. 42,102,352 shares of the company traded hands, compared to its average volume of 43,612,565. The stock has a market capitalization of $4.95 billion, a P/E ratio of -40.23 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. The business’s 50-day simple moving average is $9.59 and its 200 day simple moving average is $7.28.

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 $0.05 during trading hours on Monday, hitting $40.39. 10,913,367 shares of the stock traded hands, compared to its average volume of 17,886,966. The firm’s 50-day moving average price is $29.94 and its two-hundred day moving average price is $32.75. IonQ has a one year low of $6.22 and a one year high of $54.74. The company has a market cap of $9.00 billion, a PE ratio of -49.69 and a beta of 2.46.

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 RGTI stock traded up $0.06 during trading hours on Monday, hitting $12.17. 18,462,820 shares of the company’s stock traded hands, compared to its average volume of 55,065,481. Rigetti Computing has a 12-month low of $0.66 and a 12-month high of $21.42. The stock’s fifty day simple moving average is $9.94 and its two-hundred day simple moving average is $9.72. The stock has a market cap of $3.53 billion, a price-to-earnings ratio of -31.93 and a beta of 1.41. The company has a quick ratio of 4.84, a current ratio of 4.84 and a debt-to-equity ratio of 0.02.