IonQ Inc (IONQ) vs. Its Peers: A Comparison

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Additionally, the 36-month beta value for IONQ is 2.10. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”

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 10, 2024 was 5.25M shares.

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IONQ) stock’s latest price update

The stock price of IonQ Inc (NYSE: IONQ) has jumped by 1.53 compared to previous close of 7.86. Despite this, the company has seen a gain of 2.57% in its stock price over the last five trading days. zacks.com reported 2024-06-07 that IonQ (IONQ) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.

IONQ’s Market Performance

IONQ’s stock has risen by 2.57% in the past week, with a monthly drop of -13.26% and a quarterly drop of -18.49%. The volatility ratio for the week is 4.36% while the volatility levels for the last 30 days are 4.93% for IonQ Inc The simple moving average for the past 20 days is -4.99% for IONQ’s stock, with a -31.18% 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 -5.82% 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 -63.06% of loss for the given period.

Volatility was left at 4.93%, however, over the last 30 days, the volatility rate increased by 4.36%, as shares sank -8.38% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -20.12% lower at present.

During the last 5 trading sessions, IONQ rose by +2.57%, which changed the moving average for the period of 200-days by -50.43% in comparison to the 20-day moving average, which settled at $8.36. In addition, IonQ Inc saw -35.59% 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:

  • -7.21 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 64.84. 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

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