In the past week, IONQ stock has gone up by 0.56%, with a monthly decline of -11.22% and a quarterly plunge of -22.61%. The volatility ratio for the week is 9.14%, and the volatility levels for the last 30 days are 7.65% for IonQ Inc The simple moving average for the past 20 days is -9.24% for IONQ’s stock, with a -28.04% simple moving average for the past 200 days.
Is It Worth Investing in IonQ Inc (NYSE: IONQ) Right Now?
Moreover, the 36-month beta value for IONQ is 2.08. Analysts have varying opinions 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 182.37M and currently, short sellers hold a 18.60% of that float. On August 12, 2024, IONQ’s average trading volume was 4.75M shares.
IONQ) stock’s latest price update
IonQ Inc (NYSE: IONQ)’s stock price has plunge by 0.14relation to previous closing price of 7.11. Nevertheless, the company has seen a 0.56% surge in its stock price over the last five trading sessions. fool.com reported 2024-08-11 that Quantum computing is a very young business idea with potentially world-changing implications, and IonQ is an early front-runner. Among a laundry list of significant business risks, the company has not yet produced a scalable quantum computer.
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 -7.13% 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 -67.04% of loss for the given period.
Volatility was left at 7.65%, however, over the last 30 days, the volatility rate increased by 9.14%, as shares sank -15.74% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -12.53% lower at present.
During the last 5 trading sessions, IONQ rose by +0.56%, which changed the moving average for the period of 200-days by -43.67% in comparison to the 20-day moving average, which settled at $7.78. In addition, IonQ Inc saw -42.53% 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 Alameddine Rima, who sale 10,565 shares at the price of $8.13 back on Jun 12 ’24. After this action, Alameddine Rima now owns 677,275 shares of IonQ Inc, valued at $85,914 using the latest closing price.
Chapman Peter Hume, the PRESIDENT AND CEO of IonQ Inc, sale 6,394 shares at $8.13 during a trade that took place back on Jun 12 ’24, which means that Chapman Peter Hume is holding 438,903 shares at $51,995 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 -33.22, with -29.95 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 57.66. 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 13.15.
Conclusion
To wrap up, the performance of IonQ Inc (IONQ) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. 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.
