IonQ Inc. (NYSE:IONQ) finished Thursday with a subtraction of -$1.48 to close at $14.62, a downside of -9.19 percent. An average of 10,702,761 shares of common stock have been traded in the last five days. There was a gain of $1.61 in the past week, and it reached a new high 22 times over the past 12 months. The last 20 days have seen an average of 15,113,960 shares traded, while the 50-day average volume stands at 13,098,282.
IONQ stock has decreased by -9.70% in the last month. The company shares reached their 1-month lowest point of $12.19 on 08/18/23. With the stock rallying to its 52-week high on 08/01/23, shares of the company touched a low of $3.04 and a high of $20.14 in 52 weeks. It has reached a new high 35 times so far this year and achieved 323.77% or $11.17 in price. In spite of this, the price is down -27.41% from the 52-week high.
Insider Transactions
IONQ stock investors should be aware that IonQ Inc. (IONQ) stock had its last reported insider trading activity 85 days ago on Jun 01. In this transaction, the insider spent $2,150,000. President and CEO, Chapman Peter Hume, disposed of 11,726 shares at a price of $10.52 on May 25. The insider now owns more than $123,358 worth of shares. Prior to that, General Counsel and Secretary Babinski Laurie A. went on to Sale 7,884 shares at $10.52 each on May 25. An amount of $82,940 was transacted.
Valuation Metrics
IonQ Inc. (IONQ) stock’s beta is 2.11. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 175.09, the price-to-book (PB) ratio at 5.62.
Financial Health
The quick ratio of IonQ Inc. for the three months ended June 29 was 16.60, and the current ratio was 16.60, indicating that the company is 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 quarter ending June 29. Its gross profit as reported stood at $8.19 million compared to revenue of $11.13 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, IonQ Inc.’s return on assets was -19.20%.
Earnings Surprise
The analyst consensus anticipated IonQ Inc.’s latest quarter earnings to come in at -$0.13 per share, but it turned out to be -$0.22, a -69.20% surprise. For the quarter, EBITDA amounted to -$35.35 million. Shareholders own equity worth $202.59 million.
Technical Picture
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 24 August was 47.37%, suggesting the stock is Neutral, with historical volatility in this time frame at 112.98%.
As of today, IONQ’s price is $14.70 +12.38% or $1.61 from its 5-day moving average. IONQ is currently trading -5.86% lower than its 20-day SMA and +137.72% higher than its 100-day SMA. However, the stock’s current price level is +37.54% above the SMA50 and +183.33% above the SMA200.
The stochastic %K and %D were 48.22% and 40.25%, respectively, and the average true range (ATR) was 1.65. With the 14-day stochastic at 43.78% and the average true range at 1.60, the RSI (14) stands at 48.73%. The stock has reached 0.70 on the 9-day MACD Oscillator while the 14-day reading was at 0.50.
Analyst Ratings
Craig Hallum reiterated its a Buy rating on IonQ Inc. (NYSE: IONQ), but raised their price target to $12, indicating a potential price decrease of -21.83% for the stock.
What is IONQ’s price target for the next 12 months?
Analysts predict a range of price targets between $14.00 and $21.00, with a median target of $17.00. Taking a look at these predictions, the average price target given by analysts for IonQ Inc. (IONQ) stock is $17.20.
