Last Week, IonQ Inc. (IONQ) Recorded A Gain Of $50.68

As of Thursday close, IonQ Inc.’s (NYSE:IONQ) stock was up $0.42, moving up 9.68 percent to $4.76. The average number of shares traded per day over the past five days has been 7,446,680 shares. 1 time new highs have been achieved over the past 5 days, with a -$1.47 fall in that time frame. In the last twenty days, the average volume was 7,502,695, while in the previous 50 days, it was 4,889,770.

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Since last month, IONQ stock retreated -56.69%. Shares of the company fell to $4.16 on 05/12/22, the lowest level in the past month. A 52-week high of $35.90 was reached on 01/04/22 after having rallying from a 52-week low of $4.29. Since the beginning of this year, IONQ’s stock price has dropped by -71.50% or -$11.94, and marked a new high 2 times. However, the stock has declined by -86.74% since its 52-week high.

IonQ Inc. (IONQ) last reported insider trading activity 32 days ago on Apr 11. GV 2016 GP, L.L.C., the 10% Owner of the company, disposed of 544,249 shares for $11.16 on Apr 11. It resulted in a $6,074,458 divestment by the insider. You Harry L. sold 1,325,000 shares at an average price of $19.78 on Dec 09. The insider now owns 7,425,000 shares following the transaction. On Dec 08, Director You Harry L. sold 902,360 shares at $21.23 apiece. The transaction was valued at $19,160,007.

Financial Health

In the three months ended September 29, IonQ Inc.’s quick ratio stood at 54.70, while its current ratio was 54.70, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 74.70% percent. Based on annual data, IONQ earned $1.06 million in gross profit and brought in $2.1 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -6.50%. Return on equity (ROE) for the past 12 months was -25.80%.

According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected IonQ Inc. to report -$0.07 quarterly earnings, the actual figure was -$0.09 per share, beating the consensus estimate by -28.60%. During the quarter, the company generated -$22.55 million in EBITDA. The liabilities of IonQ Inc. were 50.8 million at the end of its most recent quarter ended September 29, and its total debt was $4.25 million. The value of shareholders’ equity is $197.67 million.

Technical Picture

This quick technical analysis looks at IonQ Inc.’s (IONQ) price momentum. With a historical volatility rate of 129.65%, the RSI 9-day stood at 19.65% on 12 May.

With respect to its five-day moving average, the current IonQ Inc. price is down by -23.60% percent or -$1.47. At present, IONQ shares trade -58.14% below its 20-day simple moving average and -71.62% percent below its 100-day simple moving average. However, the stock is currently trading approximately -67.53% below its SMA50 and -52.06% below its SMA200.

Stochastic coefficient K was 4.78% and Stochastic coefficient D was 2.77%, while ATR was 0.80. Given the Stochastic reading of 11.54% for the 14-day period, the RSI (14) reading has been calculated as 22.02%. As of today, the MACD Oscillator reading stands at -1.31, while the 14-day reading stands at -2.15.

Analyst Ratings

Goldman launched its rating on IonQ Inc. (NYSE: IONQ) to a Neutral in a note to investors on November 22, 2021. IonQ Inc. (IONQ) has been rated Overweight by analysts. According to 0 brokerage firms, IONQ is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate IonQ Inc. stock as buy, with 3 recommending it as overweight.


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