IonQ Inc. (NYSE:IONQ) finished Wednesday with an addition of $0.71 to close at $9.24, an upside of 8.32 percent. An average of 2,884,700 shares of common stock have been traded in the last five days. There was a gain of $1.99 in the past week. The last 20 days have seen an average of 4,393,775 shares traded, while the 50-day average volume stands at 2,069,610.
IONQ stock has decreased by -7.60% in the last month. The company shares reached their 1-month lowest point of $7.07 on 10/06/21. Shares of the company touched a low of $7.07 and a high of $15.39 in 52 weeks. In spite of this, the price is down -39.96% from the 52-week high.
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IonQ Inc. (IONQ) has a trailing price-to-earnings (P/E) ratio of 23.30 for the broader industry and 37.24 for the sector. Other valuation ratios to consider include the price-to-book (PB) ratio at 1.41.
The quick ratio of IonQ Inc. for the recent quarter was 0.20, and the current ratio was 0.20, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the recent quarter.
From a technical analysis perspective, let’s take a brief look at IonQ Inc. (IONQ) price momentum. RSI 9-day as of the close on 13 October was 52.44%, suggesting the stock is Neutral, with historical volatility in this time frame at 147.60%.
As of today, IONQ’s price is $8.45 +27.45% or $1.99 from its 5-day moving average. IONQ is currently trading -7.69% lower than its 20-day SMA and -7.60% lower than its 100-day SMA. However, the stock’s current price level is -7.04% below the SMA50.
The stochastic %K and %D were 28.34% and 23.51%, respectively, and the average true range (ATR) was 0.84. With the 14-day stochastic at 36.90% and the average true range at 0.72, the RSI (14) stands at 49.06%. The stock has reached 0.52 on the 9-day MACD Oscillator while the 14-day reading was at -0.52.
The consensus rating for IonQ Inc. (IONQ) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell IONQ, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 3 others rate it as a “buy”.
What is IONQ’s price target for the next 12 months?
Analysts predict a range of price targets between $16.00 and $20.00, with a median target of $18.00. Taking a look at these predictions, the average price target given by analysts for IonQ Inc. (IONQ) stock is $18.00.