In the past week, IONQ stock has gone up by 12.07%, with a monthly gain of 41.37% and a quarterly surge of 16.57%. The volatility ratio for the week is 6.69%, and the volatility levels for the last 30 days are 8.17% for IonQ Inc The simple moving average for the last 20 days is 19.74% for IONQ stock, with a simple moving average of 17.36% for the last 200 days.
Is It Worth Investing in IonQ Inc (NYSE: IONQ) Right Now?
Moreover, the 36-month beta value for IONQ is 2.04. Analysts have varying opinions on the stock, with 3 analysts rating it as a “buy,” 0 as “overweight,” 3 as “hold,” and 0 as “sell.”
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The public float for IONQ is 183.76M and currently, short sellers hold a 21.56% of that float. On October 11, 2024, IONQ’s average trading volume was 6.01M shares.
IONQ) stock’s latest price update
IonQ Inc (NYSE: IONQ) has seen a rise in its stock price by 6.35 in relation to its previous close of 9.81. However, the company has experienced a 12.07% gain in its stock price over the last five trading sessions. zacks.com reported 2024-10-11 that Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock’s price, do they really matter?
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 33.98% 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 -37.15% of loss for the given period.
Volatility was left at 8.17%, however, over the last 30 days, the volatility rate increased by 6.69%, as shares surge +31.55% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +35.74% upper at present.
During the last 5 trading sessions, IONQ rose by +9.64%, which changed the moving average for the period of 200-days by -24.50% in comparison to the 20-day moving average, which settled at $8.70. In addition, IonQ Inc saw -15.79% 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 6,356 shares at the price of $7.05 back on Sep 11 ’24. After this action, Chapman Peter Hume now owns 432,547 shares of IonQ Inc, valued at $44,802 using the latest closing price.
Chapman Peter Hume, the President and CEO of IonQ Inc, sale 5,078 shares at $7.31 during a trade that took place back on Sep 12 ’24, which means that Chapman Peter Hume is holding 427,469 shares at $37,110 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 70.4. 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
To wrap up, the performance of IonQ Inc (IONQ) has been mixed 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.
