The 36-month beta value for IONQ is also noteworthy at 2.09. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 1 rating it as “overweight,” 3 rating it as “hold,” and 0 rating it as “sell.”
The public float for IONQ is 185.31M, and at present, short sellers hold a 21.21% of that float. The average trading volume of IONQ on November 18, 2024 was 14.24M shares.
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IONQ) stock’s latest price update
The stock price of IonQ Inc (NYSE: IONQ) has surged by 11.39 when compared to previous closing price of 26.16, but the company has seen a 17.55% gain in its stock price over the last five trading sessions. fool.com reported 2024-11-16 that IonQ Stock Investors Need to See This Financial Analysis
IONQ’s Market Performance
IonQ Inc (IONQ) has seen a 17.55% rise in stock performance for the week, with a 133.12% gain in the past month and a 299.73% surge in the past quarter. The volatility ratio for the week is 15.60%, and the volatility levels for the past 30 days are at 13.51% for IONQ. The simple moving average for the past 20 days is 53.31% for IONQ’s stock, with a 202.31% 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 124.17% 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 3.89% of gains for the given period.
Volatility was left at 13.51%, however, over the last 30 days, the volatility rate increased by 15.60%, as shares surge +119.10% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +328.53% upper at present.
During the last 5 trading sessions, IONQ rose by +17.55%, which changed the moving average for the period of 200-days by +184.57% in comparison to the 20-day moving average, which settled at $19.01. In addition, IonQ Inc saw 135.19% 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 Alameddine Rima, who sale 22,875 shares at the price of $17.75 back on Oct 28 ’24. After this action, Alameddine Rima now owns 592,658 shares of IonQ Inc, valued at $405,941 using the latest closing price.
RIMA ALAMEDDINE & ZIAD ALAMED, the Officer of IonQ Inc, proposed sale 22,875 shares at $16.96 during a trade that took place back on Oct 28 ’24, which means that RIMA ALAMEDDINE & ZIAD ALAMED is holding shares at $387,960 based on the most recent closing price.
Stock Fundamentals for IONQ
Current profitability levels for the company are sitting at:
- -5.59 for the present operating margin
- 0.39 for the gross margin
The net margin for IonQ Inc stands at -4.58. The total capital return value is set at -0.45. Equity return is now at value -36.73, with -32.27 for asset returns.
Based on IonQ Inc (IONQ), the company’s capital structure generated 0.01 points at debt to capital in total, while cash flow to debt ratio is standing at -45.02.
Currently, EBITDA for the company is -147.38 million with net debt to EBITDA at 0.06. When we switch over and look at the enterprise to sales, we see a ratio of 167.97. The receivables turnover for the company is 5.92for trailing twelve months and the total asset turnover is 0.08. The liquidity ratio also appears to be rather interesting for investors as it stands at 12.23.
Conclusion
In summary, IonQ Inc (IONQ) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
