The 36-month beta value for IONQ is at 2.17. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for IONQ is 176.51M, and currently, shorts hold a 26.29% of that float. The average trading volume for IONQ on May 06, 2024 was 6.75M shares.
IONQ) stock’s latest price update
IonQ Inc (NYSE: IONQ) has seen a rise in its stock price by 3.13 in relation to its previous close of 8.94. However, the company has experienced a 3.36% gain in its stock price over the last five trading sessions. The Motley Fool reported 2024-05-05 that IBM has deployed more than 80 quantum systems over the past eight years. IonQ wants to miniaturize those systems to revolutionize quantum computing.
IONQ’s Market Performance
IonQ Inc (IONQ) has experienced a 3.36% rise in stock performance for the past week, with a 0.11% rise in the past month, and a -6.59% drop in the past quarter. The volatility ratio for the week is 5.22%, and the volatility levels for the past 30 days are at 6.13% for IONQ. The simple moving average for the past 20 days is 13.27% for IONQ’s stock, with a -26.01% simple moving average for the past 200 days.
Analysts’ Opinion of IONQ
Many brokerage firms have already submitted their reports for IONQ stocks, with Craig Hallum repeating the rating for IONQ by listing it as a “Buy.” The predicted price for IONQ in the upcoming period, according to Craig Hallum is $21 based on the research report published on August 11, 2023 of the previous year 2023.
Morgan Stanley, on the other hand, stated in their research note that they expect to see IONQ reach a price target of $7. The rating they have provided for IONQ stocks is “Equal-Weight” according to the report published on April 26th, 2023.
Needham gave a rating of “Buy” to IONQ, setting the target price at $9 in the report published on June 08th of the previous year.
IONQ Trading at 0.26% from the 50-Day Moving Average
After a stumble in the market that brought IONQ to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -57.31% of loss for the given period.
Volatility was left at 6.13%, however, over the last 30 days, the volatility rate increased by 5.22%, as shares surge +10.10% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -13.47% lower at present.
During the last 5 trading sessions, IONQ rose by +3.31%, which changed the moving average for the period of 200-days by -38.24% in comparison to the 20-day moving average, which settled at $8.18. In addition, IonQ Inc saw -25.59% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at IONQ starting from Chapman Peter Hume, who sale 29,452 shares at the price of $10.20 back on Mar 11 ’24. After this action, Chapman Peter Hume now owns 451,233 shares of IonQ Inc, valued at $300,281 using the latest closing price.
Alameddine Rima, the CHIEF REVENUE OFFICER of IonQ Inc, sale 27,212 shares at $10.20 during a trade that took place back on Mar 11 ’24, which means that Alameddine Rima is holding 697,647 shares at $277,443 based on the most recent closing price.
Stock Fundamentals for IONQ
Current profitability levels for the company are sitting at:
- -7.16 for the present operating margin
- 0.47 for the gross margin
The net margin for IonQ Inc stands at -7.16. The total capital return value is set at -0.3. Equity return is now at value -29.96, with -27.33 for asset returns.
Based on IonQ Inc (IONQ), the company’s capital structure generated 0.02 points at debt to capital in total, while cash flow to debt ratio is standing at -9.72. The debt to equity ratio resting at 0.02. The interest coverage ratio of the stock is 230.3.
Currently, EBITDA for the company is -147.38 million with net debt to EBITDA at 0.23. When we switch over and look at the enterprise to sales, we see a ratio of 85.28. The receivables turnover for the company is 1.92for trailing twelve months and the total asset turnover is 0.04. The liquidity ratio also appears to be rather interesting for investors as it stands at 10.49.
Conclusion
In conclusion, IonQ Inc (IONQ) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
