Quantum Computing Stocks To Keep An Eye On – July 11th

IonQ, D-Wave Quantum, 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 develop, manufacture or provide hardware, software and services based on quantum‐mechanical principles to perform computations beyond the reach of classical computers. By investing in these equities, shareholders gain exposure to the potential upside of quantum technologies—such as faster optimization and cryptography breakthroughs—while also shouldering significant risk from long development timelines, high R&D costs and uncertain 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.

Shares of NYSE IONQ traded down $2.75 during mid-day trading on Friday, reaching $43.18. The company had a trading volume of 15,307,362 shares, compared to its average volume of 23,445,936. The stock has a market cap of $11.30 billion, a price-to-earnings ratio of -29.02 and a beta of 2.55. The business’s 50-day moving average is $39.13 and its 200-day moving average is $34.16. IonQ has a 52 week low of $6.22 and a 52 week high of $54.74.

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 down $0.68 on Friday, reaching $15.34. 18,153,984 shares of the stock traded hands, compared to its average volume of 48,408,285. D-Wave Quantum has a 12 month low of $0.75 and a 12 month high of $19.77. The company has a market cap of $4.48 billion, a price-to-earnings ratio of -25.63 and a beta of 1.40. The company has a fifty day moving average price of $14.82 and a 200-day moving average price of $9.62. The company has a debt-to-equity ratio of 0.15, a quick ratio of 20.61 and a current ratio of 20.73.

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 stock traded down $0.61 during trading on Friday, hitting $12.43. 19,595,130 shares of the company’s stock traded hands, compared to its average volume of 59,181,574. Rigetti Computing has a 1 year low of $0.66 and a 1 year high of $21.42. The business has a fifty day simple moving average of $11.87 and a two-hundred day simple moving average of $11.10. The firm has a market capitalization of $3.61 billion, a P/E ratio of -17.79 and a beta of 1.43.