IonQ Inc (NYSE: IONQ)’s stock price has dropped by -2.78 in relation to previous closing price of 32.78. Nevertheless, the company has seen a gain of 9.37% in its stock price over the last five trading days. fool.com reported 2024-11-21 that Why did Nvidia’s Q3 report cause big stock gains for IonQ?
Is It Worth Investing in IonQ Inc (NYSE: IONQ) Right Now?
IONQ has 36-month beta value of 2.23. Analysts have mixed views on the stock, with 3 analysts rating it as a “buy,” 1 as “overweight,” 3 as “hold,” and 0 as “sell.”
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The public float for IONQ is 186.09M, and currently, short sellers hold a 21.12% ratio of that float. The average trading volume of IONQ on November 22, 2024 was 16.99M shares.
IONQ’s Market Performance
IONQ stock saw an increase of 9.37% in the past week, with a monthly gain of 102.86% and a quarterly increase of 324.37%. The volatility ratio for the week is 17.86%, and the volatility levels for the last 30 days are 14.45% for IonQ Inc (IONQ). The simple moving average for the past 20 days is 41.77% for IONQ’s stock, with a 215.15% 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 109.48% 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 -5.71% of loss for the given period.
Volatility was left at 14.45%, however, over the last 30 days, the volatility rate increased by 17.86%, as shares surge +87.74% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +310.31% upper at present.
During the last 5 trading sessions, IONQ rose by +9.27%, which changed the moving average for the period of 200-days by +192.11% in comparison to the 20-day moving average, which settled at $22.48. In addition, IonQ Inc saw 157.22% 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 179.38. 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
To put it simply, IonQ Inc (IONQ) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating 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.
