The stock of IonQ Inc (IONQ) has seen a 8.56% increase in the past week, with a -1.82% drop in the past month, and a -16.91% decrease in the past quarter. The volatility ratio for the week is 5.80%, and the volatility levels for the past 30 days are at 7.44% for IONQ. The simple moving average for the last 20 days is -2.34% for IONQ stock, with a simple moving average of -25.51% for the last 200 days.
Is It Worth Investing in IonQ Inc (NYSE: IONQ) Right Now?
The 36-month beta value for IONQ is at 2.06. 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.”
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The public float for IONQ is 183.24M, and currently, shorts hold a 18.51% of that float. The average trading volume for IONQ on August 19, 2024 was 4.64M shares.
IONQ) stock’s latest price update
IonQ Inc (NYSE: IONQ)’s stock price has increased by 0.21 compared to its previous closing price of 7.28. However, the company has seen a 8.56% increase in its stock price over the last five trading sessions. fool.com reported 2024-08-19 that IonQ is slowly but surely mainstreaming a whole new kind of computing architecture, which has huge implications for AI’s data-intensive development. Voice-based customer service and virtual personal assistants are going through a major evolution thanks to SoundHound AI.
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 -3.59% 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 -66.23% of loss for the given period.
Volatility was left at 7.44%, however, over the last 30 days, the volatility rate increased by 5.80%, as shares sank -10.71% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -7.85% lower at present.
During the last 5 trading sessions, IONQ rose by +7.37%, which changed the moving average for the period of 200-days by -25.16% in comparison to the 20-day moving average, which settled at $7.43. In addition, IonQ Inc saw -41.12% 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 Kramer Thomas G., who sale 4,967 shares at the price of $8.13 back on Jun 12 ’24. After this action, Kramer Thomas G. now owns 944,647 shares of IonQ Inc, valued at $40,391 using the latest closing price.
Kramer Thomas G., the CHIEF FINANCIAL OFFICER of IonQ Inc, sale 4,610 shares at $7.89 during a trade that took place back on Jun 11 ’24, which means that Kramer Thomas G. is holding 949,614 shares at $36,357 based on the most recent closing price.
Stock Fundamentals for IONQ
Current profitability levels for the company are sitting at:
- -6.36 for the present operating margin
- 0.41 for the gross margin
The net margin for IonQ Inc stands at -5.25. The total capital return value is set at -0.41. 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 -5.77.
Currently, EBITDA for the company is -128.17 million with net debt to EBITDA at 0.13. When we switch over and look at the enterprise to sales, we see a ratio of 49.14. The receivables turnover for the company is 3.25for trailing twelve months and the total asset turnover is 0.06. The liquidity ratio also appears to be rather interesting for investors as it stands at 13.15.
Conclusion
In conclusion, IonQ Inc (IONQ) has had a bad 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.
