Quantum Computing Stocks Worth Watching – July 2nd

D-Wave Quantum, IonQ, and Quantum 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 develop, manufacture or provide services related to quantum computers and algorithms. Investors buy these stocks to gain exposure to the potential long-term breakthroughs in computing power, encryption and simulation made possible by quantum mechanics. While they carry higher risk due to the technology’s early stage, they also offer the prospect of outsized returns if quantum computing achieves widespread commercial 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.

D-Wave Quantum stock traded up $0.65 during trading on Wednesday, reaching $15.47. The company had a trading volume of 44,387,857 shares, compared to its average volume of 74,268,094. The company has a current ratio of 20.73, a quick ratio of 20.61 and a debt-to-equity ratio of 0.15. The firm’s 50-day simple moving average is $13.54 and its 200 day simple moving average is $9.21. The firm has a market capitalization of $4.52 billion, a price-to-earnings ratio of -25.79 and a beta of 1.41. D-Wave Quantum has a 52 week low of $0.75 and a 52 week high of $19.76.

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 up $2.25 during trading on Wednesday, reaching $42.35. 13,045,235 shares of the stock traded hands, compared to its average volume of 23,420,564. The company has a market capitalization of $11.08 billion, a price-to-earnings ratio of -28.42 and a beta of 2.56. IonQ has a 52-week low of $6.22 and a 52-week high of $54.74. The business has a fifty day simple moving average of $36.75 and a two-hundred day simple moving average of $33.92.

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 QUBT traded up $1.09 during mid-day trading on Wednesday, reaching $19.73. 26,624,079 shares of the company’s stock traded hands, compared to its average volume of 25,963,504. The stock has a market cap of $2.78 billion, a P/E ratio of -40.96 and a beta of 3.96. The stock’s 50-day moving average is $12.66 and its two-hundred day moving average is $10.68. Quantum Computing has a 12 month low of $0.44 and a 12 month high of $27.15.