Top Quantum Computing Stocks to Watch Today - February 18th

As the field of quantum computing continues to grow and attract investor interest, several stocks are currently standing out. IonQ, Rigetti Computing, D-Wave Quantum, Booz Allen Hamilton, Quantum Computing Inc., Rigetti Computing, and AmpliTech Group are seven quantum computing stocks that investors should keep an eye on, according to recent analyses. These stocks represent companies engaged in the development, production, or research of quantum computing technologies.

Quantum computing stocks are tied to firms leveraging the principles of quantum mechanics to create computing solutions that are faster and more efficient than traditional binary systems. Investing in such stocks signifies backing companies that are pioneering advancements in computing through quantum technology and innovation.

IonQ (IONQ)

IonQ, Inc. is focused on building general-purpose quantum computing systems in the United States. They provide access to their quantum computers with various qubit capacities through renowned cloud platforms like Amazon Web Services (AWS), Microsoft Azure Quantum, and Google's Cloud Marketplace.

On a recent trading day, IonQ experienced a decline of $3.64, bringing its stock price to $33.83. The trading volume reached over 20 million shares, which is below its average of around 28 million shares. With a market cap of $7.32 billion, the company has a price-to-earnings (P/E) ratio of -41.76 and a beta of 2.40. Over the past year, IonQ's stock has fluctuated between a low of $6.22 and a high of $54.74.

Rigetti Computing (RGTI)

Rigetti Computing, Inc. designs quantum computers and superconducting quantum processors. Their offerings include cloud-based quantum processing units, such as a 9-qubit chip and the Ankaa-2 system under the Novera brand. They also provide quantum computing as a service.

On the trading floor, Rigetti's shares dipped by $1.29, dropping to $10.52. They had a trading volume of nearly 60 million shares, contrasting with their average volume of over 153 million shares. Rigetti has a market cap of $2.02 billion and a P/E ratio of -27.68, along with a beta of 1.26. Its stock has seen a 52-week range of $0.66 to $21.42.

D-Wave Quantum (QBTS)

D-Wave Quantum, Inc. develops quantum computing systems and services globally. Their offerings include the fifth-generation quantum computer known as Advantage, the Ocean suite of tools, and Leap, a cloud service for real-time access to quantum computing resources.

Recently, D-Wave's shares fell by $0.36, closing at $6.02. The trading volume reached over 53 million shares, contrasting with the average of around 86 million shares. D-Wave has a market cap of $1.62 billion, a P/E ratio of -14.32, and a beta of 1.10. The stock's 52-week low is $0.75, and the high is $11.41.

Booz Allen Hamilton (BAH)

Booz Allen Hamilton Holding Corporation provides a range of consulting services in technology, management, and analytics, focusing on areas like artificial intelligence and quantum computing.

On the trading day, Booz Allen saw an increase of $1.45, reaching $119.18. The volume was approximately 1.8 million shares, slightly below the average of 2 million. The firm has a market cap of $15.09 billion, a P/E ratio of 17.76, and a beta of 0.55. Its stock has ranged between $115.67 and $190.59 over the last year.

Quantum Computing Inc. (QUBT)

Quantum Computing Inc. specializes in integrated photonics and offers quantum machines that are both accessible and affordable. Their product line includes portable quantum computers, quantum random number generators, and quantum authentication solutions.

Recently, Quantum Computing traded down $0.57, settling at $7.38. The volume on this trading day was around 12 million shares, against an average of 30 million. Quantum Computing has a market cap of $1.01 billion and a P/E ratio of -25.45, while its stock has seen a range of $0.35 to $27.15 in the past year.

AmpliTech Group (AMPG)

AmpliTech Group, Inc. designs and engineers microwave component amplifiers used in various communication systems.

On the most recent trading day, AmpliTech Group's stock decreased by $0.09, settling at $1.96. Trading volume was around 455,000 shares, compared to an average volume of over 2 million. The firm's market cap stands at $34.26 million, with a P/E ratio of -2.42. The stock has fluctuated between a low of $0.64 and a high of $6.43 in the past year.

In conclusion, these seven quantum computing stocks represent key opportunities for investors enthusiastic about the evolving landscape of computing technology. With advancements in quantum computing continually progressing, these companies stand at the forefront of significant technological shifts.

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