The stock has a 36-month beta value of 2.02. Opinions on the stock are mixed, with 3 analysts rating it as a “buy,” 0 as “overweight,” 3 as “hold,” and 0 as “sell.”
The public float for IONQ is 183.79M, and at present, short sellers hold a 22.93% of that float. On October 25, 2024, the average trading volume of IONQ was 8.08M shares.
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IONQ) stock’s latest price update
IonQ Inc (NYSE: IONQ) has experienced a rise in its stock price by 4.96 compared to its previous closing price of 15.71. However, the company has seen a gain of 23.98% in its stock price over the last five trading days. zacks.com reported 2024-10-23 that IonQ, Inc. (IONQ) closed at $14.79 in the latest trading session, marking a -1.5% move from the prior day.
IONQ’s Market Performance
IonQ Inc (IONQ) has experienced a 23.98% rise in stock performance for the past week, with a 104.59% rise in the past month, and a 109.00% rise in the past quarter. The volatility ratio for the week is 12.50%, and the volatility levels for the past 30 days are at 10.61% for IONQ. The simple moving average for the last 20 days is 43.74% for IONQ’s stock, with a simple moving average of 84.25% for the last 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 81.16% 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 able to rebound, for now settling with 2.17% of gains for the given period.
Volatility was left at 10.61%, however, over the last 30 days, the volatility rate increased by 12.50%, as shares surge +65.96% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +117.18% upper at present.
During the last 5 trading sessions, IONQ rose by +21.17%, which changed the moving average for the period of 200-days by +33.29% in comparison to the 20-day moving average, which settled at $11.45. In addition, IonQ Inc saw 33.09% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at IONQ starting from RIMA ALAMEDDINE & ZIAD ALAMED, who proposed sale 12,000 shares at the price of $15.01 back on Oct 23 ’24. After this action, RIMA ALAMEDDINE & ZIAD ALAMED now owns shares of IonQ Inc, valued at $180,120 using the latest closing price.
Alameddine Rima, the Chief Revenue Officer of IonQ Inc, sale 9,875 shares at $11.72 during a trade that took place back on Oct 16 ’24, which means that Alameddine Rima is holding 638,908 shares at $115,735 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 111.74. 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 sum up, IonQ Inc (IONQ) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
