Quantum Computing Stocks Worth Watching – November 8th

IonQ, D-Wave Quantum, and Quantinuum 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 developing or supplying quantum computers, software, components, or related services. The term can also include larger technology firms with significant quantum-computing programs, and investors often view these stocks as speculative because the technology is still emerging. 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 IonQ stock traded up $5.69 on Friday, reaching $32.12. 42,656,594 shares of the stock were exchanged, compared to its average volume of 23,251,176. IonQ has a 1-year low of $24.92 and a 1-year high of $73.65. The business has a fifty day moving average price of $36.91 and a two-hundred day moving average price of $41.58. The firm has a market capitalization of $13.79 billion, a PE ratio of 118.98 and a beta of 3.32.

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.

NASDAQ QBTS traded up $1.63 during trading hours on Friday, hitting $10.68. 26,390,938 shares of the stock were exchanged, compared to its average volume of 14,325,587. The company has a quick ratio of 20.42, a current ratio of 20.55 and a debt-to-equity ratio of 0.03. The company has a market cap of $3.95 billion, a price-to-earnings ratio of -15.04 and a beta of 2.35. D-Wave Quantum has a 12-month low of $8.48 and a 12-month high of $32.39. The stock has a 50-day moving average of $14.58 and a 200 day moving average of $18.91.

Quantinuum (QNT)

Quantum computing is quickly evolving from research to early commercial adoption to address the insatiable need for computing power in the digital age. Even as classical computing continues to advance in energy-efficient performance, the huge computational demands of new applications such as artificial intelligence (“AI”) are making it challenging for classical computing to keep pace.

QNT traded up $7.75 during trading on Friday, reaching $37.57. The company’s stock had a trading volume of 5,036,156 shares, compared to its average volume of 2,259,666. The firm has a fifty day moving average of $43.41. Quantinuum has a 52-week low of $28.31 and a 52-week high of $86.79. The company has a market capitalization of $9.89 billion and a P/E ratio of -134.18.