The stock price of IonQ Inc (NYSE: IONQ) has plunged by -2.89 when compared to previous closing price of 31.80, but the company has seen a 22.39% gain in its stock price over the last five trading sessions. zacks.com reported 2024-11-25 that Recently, Zacks.com users have been paying close attention to IonQ (IONQ). This makes it worthwhile to examine what the stock has in store.
Is It Worth Investing in IonQ Inc (NYSE: IONQ) Right Now?
Additionally, the 36-month beta value for IONQ is 2.25. 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.”
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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 26, 2024 was 17.36M shares.
IONQ’s Market Performance
The stock of IonQ Inc (IONQ) has seen a 22.39% increase in the past week, with a 82.08% rise in the past month, and a 324.18% gain in the past quarter. The volatility ratio for the week is 13.70%, and the volatility levels for the past 30 days are at 14.72% for IONQ. The simple moving average for the last 20 days is 33.51% for IONQ stock, with a simple moving average of 202.42% 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 97.02% 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 -8.64% of loss for the given period.
Volatility was left at 14.72%, however, over the last 30 days, the volatility rate increased by 13.70%, as shares surge +73.39% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +294.88% upper at present.
During the last 5 trading sessions, IONQ rose by +22.39%, which changed the moving average for the period of 200-days by +176.70% in comparison to the 20-day moving average, which settled at $23.13. In addition, IonQ Inc saw 149.23% 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 178.02. 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 conclusion, IonQ Inc (IONQ) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
