The stock price of IonQ Inc (NYSE: IONQ) has surged by 12.80 when compared to previous closing price of 29.99, but the company has seen a -10.90% decline in its stock price over the last five trading sessions. fool.com reported 2024-12-15 that Since ChatGPT took the world by storm in the fall of 2022, artificial intelligence (AI) has increasingly crept into many aspects of society. For instance, U.S. regulations around AI rose 56% in 2023.
Is It Worth Investing in IonQ Inc (NYSE: IONQ) Right Now?
The stock has a 36-month beta value of 2.51. Opinions on the stock are mixed, with 2 analysts rating it as a “buy,” 1 as “overweight,” 2 as “hold,” and 0 as “sell.”
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The public float for IONQ is 186.42M, and at present, short sellers hold a 16.20% of that float. On December 16, 2024, the average trading volume of IONQ was 21.86M shares.
IONQ’s Market Performance
IONQ’s stock has seen a -10.90% decrease for the week, with a 26.42% rise in the past month and a 332.61% gain in the past quarter. The volatility ratio for the week is 14.17%, and the volatility levels for the past 30 days are at 14.41% for IonQ Inc The simple moving average for the past 20 days is 5.89% for IONQ’s stock, with a 190.09% 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 52.75% 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 -12.01% of loss for the given period.
Volatility was left at 14.41%, however, over the last 30 days, the volatility rate increased by 14.17%, as shares surge +29.32% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +265.73% upper at present.
During the last 5 trading sessions, IONQ fell by -10.90%, which changed the moving average for the period of 200-days by +226.54% in comparison to the 20-day moving average, which settled at $31.95. In addition, IonQ Inc saw 173.04% 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 21,337 shares at the price of $29.73 back on Dec 11 ’24. After this action, Alameddine Rima now owns 571,321 shares of IonQ Inc, valued at $634,377 using the latest closing price.
Kramer Thomas G., the Chief Financial Officer of IonQ Inc, sale 9,780 shares at $29.72 during a trade that took place back on Dec 11 ’24, which means that Kramer Thomas G. is holding 926,114 shares at $290,633 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 195.06. 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 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.
