Company’s 36-month beta value is 2.46.Analysts have differing opinions on the stock, with 3 analysts rating it as a “buy,” 1 as “overweight,” 2 as “hold,” and 0 as “sell.”
The public float for IONQ is 186.71M, and currently, short sellers hold a 16.64% ratio of that floaft. The average trading volume of IONQ on December 30, 2024 was 25.90M shares.
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IONQ) stock’s latest price update
IonQ Inc (NYSE: IONQ) has experienced a decline in its stock price by -5.72 compared to its previous closing price of 48.24. However, the company has seen a gain of 20.44% in its stock price over the last five trading days. fool.com reported 2024-12-28 that Quantum computing is a hot topic right now. Three of the four highest-performing stocks in the last six months are pure play investments in this technology.
IONQ’s Market Performance
IONQ’s stock has risen by 20.44% in the past week, with a monthly rise of 48.38% and a quarterly rise of 368.38%. The volatility ratio for the week is 15.17% while the volatility levels for the last 30 days are 15.37% for IonQ Inc The simple moving average for the last 20 days is 20.56% for IONQ’s stock, with a simple moving average of 246.35% for the last 200 days.
Analysts’ Opinion of IONQ
Many brokerage firms have already submitted their reports for IONQ stocks, with DA Davidson repeating the rating for IONQ by listing it as a “Buy.” The predicted price for IONQ in the upcoming period, according to DA Davidson is $50 based on the research report published on December 19, 2024 of the current year 2024.
Craig Hallum, on the other hand, stated in their research note that they expect to see IONQ reach a price target of $21, previously predicting the price at $12. The rating they have provided for IONQ stocks is “Buy” according to the report published on August 11th, 2023.
Morgan Stanley gave a rating of “Equal-Weight” to IONQ, setting the target price at $7 in the report published on April 26th of the previous year.
IONQ Trading at 62.34% 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 -6.34% of loss for the given period.
Volatility was left at 15.37%, however, over the last 30 days, the volatility rate increased by 15.17%, as shares surge +41.20% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +269.76% upper at present.
During the last 5 trading sessions, IONQ rose by +20.44%, which changed the moving average for the period of 200-days by +372.27% in comparison to the 20-day moving average, which settled at $37.72. In addition, IonQ Inc saw 267.07% 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 262.34. 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 a nutshell, IonQ Inc (IONQ) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
