IonQ Inc’s (IONQ) Stock: A Long-Term Performance Analysis

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The stock of IonQ Inc (IONQ) has gone down by -7.71% for the week, with a -13.56% drop in the past month and a -22.89% drop in the past quarter. The volatility ratio for the week is 4.64%, and the volatility levels for the past 30 days are 5.03% for IONQ. The simple moving average for the last 20 days is -10.42% for IONQ’s stock, with a simple moving average of -33.77% for the last 200 days.

Is It Worth Investing in IonQ Inc (NYSE: IONQ) Right Now?

IONQ has 36-month beta value of 2.10. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”

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The public float for IONQ is 179.75M, and currently, short sellers hold a 20.40% ratio of that float. The average trading volume of IONQ on June 04, 2024 was 5.88M shares.

IONQ) stock’s latest price update

The stock price of IonQ Inc (NYSE: IONQ) has dropped by -4.54 compared to previous close of 8.15. Despite this, the company has seen a fall of -7.71% in its stock price over the last five trading days. investorplace.com reported 2024-05-31 that Quantum computing could revolutionize multibillion-dollar industries, creating big opportunities for quantum computing stocks. We know quantum computing can handle difficult calculations in a matter of hours, if not minutes that would take traditional computers years to solve.

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 -9.86% 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 -63.98% of loss for the given period.

Volatility was left at 5.03%, however, over the last 30 days, the volatility rate increased by 4.64%, as shares sank -12.98% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -17.41% lower at present.

During the last 5 trading sessions, IONQ fell by -7.71%, which changed the moving average for the period of 200-days by -43.17% in comparison to the 20-day moving average, which settled at $8.63. In addition, IonQ Inc saw -37.21% 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:

  • -7.21 for the present operating margin
  • 0.59 for the gross margin

The net margin for IonQ Inc stands at -6.71. The total capital return value is set at -0.36. Equity return is now at value -32.95, with -30.05 for asset returns.

Based on IonQ Inc (IONQ), the company’s capital structure generated 0.03 points at debt to capital in total, while cash flow to debt ratio is standing at -5.47.

Currently, EBITDA for the company is -128.17 million with net debt to EBITDA at 0.27. When we switch over and look at the enterprise to sales, we see a ratio of 63.17. The receivables turnover for the company is 2.65for trailing twelve months and the total asset turnover is 0.05. The liquidity ratio also appears to be rather interesting for investors as it stands at 11.81.

Conclusion

To put it simply, IonQ Inc (IONQ) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as 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.

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