IonQ Inc. (NYSE:IONQ) saw a downside of -1.60% to close Tuesday at $15.33 after subtracting -$0.25 on the day. The 5-day average trading volume is 11,240,200 shares of the company’s common stock. It has gained $19.47 in the past week and touched a new high 1 time within the past 5 days. An average of 11,226,975 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 11,781,088.
IONQ’s 1-month performance is 9.27% or $2.05 on its low of $12.93 reached on 07/10/23. The company’s shares have touched a 52-week low of $3.04 and high of $20.14, with the stock’s rally to the 52-week high happening on 08/01/23. YTD, IONQ has achieved 344.35% or $11.88 and has reached a new high 35 times. However, the current price is down -23.88% from the 52-week high price.
Insider Transactions
IONQ stock investors last saw insider trading activity on Jun 01.Monroe Christopher (Chief Scientist) most recently sold 200,000 shares at $10.75 per share on Jun 01. This transaction cost the insider $2,150,000. President and CEO, Chapman Peter Hume, sold 11,726 shares at a price of $10.52 on May 25. Then, on May 25, General Counsel and Secretary Babinski Laurie A. sold 7,884 shares at a price of $10.52 per share. This transaction amounted to $82,940.
Valuation Metrics
IONQ stock has a beta of 2.10. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 240.09 while the price-to-book (PB) in the most recent quarter is 5.55.
IonQ Inc.’s quick ratio for the period ended March 30 was 19.30, with the current ratio over the same period at 19.30.. In terms of profitability, the gross margin trailing 12 months is 74.80%. The firm’s gross profit as reported stood at $8.19 million against revenue of $11.13 million.
Earnings Surprise
For the quarterly period ending March 30 this year, IonQ Inc.’s cash and short-term investments amounted to $335.97 million against total debt of $6.23 million. Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 84.53% to -$27.34 million, while revenue of -$18.65 million was 31.78% off the previous quarter. Analysts expected IONQ to announce -$0.11 per share in earnings in its latest quarter, but it posted -$0.14, representing a -27.30% surprise. EBITDA for the quarter stood at more than -$26.23 million. IONQ stock balance sheet for the quarter ending March 30 shows that total liabilities totaled 35.69 million, with total debt at $6.23 million. Shareholders hold equity totaling $201.03 million.
Let’s look briefly at IonQ Inc. (IONQ) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 08 August was 43.34% to suggest the stock is trending Neutral, with historical volatility in this time period at 117.49%.
The stock’s 5-day moving average is $16.98, reflecting a -22.81% or -$4.53 change from its current price. IONQ is currently trading +10.61% above its 20-day SMA, +221.38% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +63.96% and SMA200 by+205.99%.
Stochastic %K and %D was 32.55% and 49.71% and the average true range (ATR) pointed at 1.54. The RSI (14) points at 49.86%, while the 14-day stochastic is at 19.70% with the period’s ATR at 1.46. The stock’s 9-day MACD Oscillator is pointing at -1.40 and -0.52 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for IonQ Inc. (NYSE: IONQ), Morgan Stanley launched coverage with an Equal-weight rating. Analysts offering their rating for IONQ stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate IONQ as a “sell,”, while 3 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 3 have offered a “buy” rating.
What is IONQ’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $7.00 and a high of $17.00, with their median price target at $11.50. Looking at these predictions, the average price target given by analysts is for IonQ Inc. (IONQ) stock is $11.50.
