As of Thursday close, IonQ Inc.’s (NYSE:IONQ) stock was up $0.07, moving up 0.41 percent to $17.19. The average number of shares traded per day over the past five days has been 10,139,060 shares. 5 times new highs have been achieved over the past 5 days, with a $2.57 gain in that time frame. In the last twenty days, the average volume was 14,335,060, while in the previous 50 days, it was 13,197,896.
Since last month, IONQ stock retreated -6.22%. Shares of the company fell to $12.19 on 08/18/23, the lowest level in the past month. A 52-week high of $20.14 was reached on 08/01/23 after having rallying from a 52-week low of $3.04. Since the beginning of this year, IONQ’s stock price has risen by 398.26% or $13.74, and marked a new high 35 times. However, the stock has declined by -14.65% since its 52-week high.
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IONQ stock investors should be aware that IonQ Inc. (IONQ) stock had its last reported insider trading activity 92 days ago on Jun 01. Monroe Christopher, the Chief Scientist of the company, disposed of 200,000 shares for $10.75 on Jun 01. It resulted in a $2,150,000 divestment by the insider. Chapman Peter Hume sold 11,726 shares at an average price of $10.52 on May 25. The insider now owns 495,900 shares following the transaction. On May 25, General Counsel and Secretary Babinski Laurie A. sold 7,884 shares at $10.52 apiece. The transaction was valued at $82,940.
Valuation Metrics
The stock’s beta is 2.08. Besides these, the trailing price-to-sales (P/S) ratio of 211.63, the price-to-book (PB) ratio of 6.61.
Financial Health
In the three months ended June 29, IonQ Inc.’s quick ratio stood at 16.60, while its current ratio was 16.60, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 72.30% percent. Based on annual data, IONQ earned $8.19 million in gross profit and brought in $11.13 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 -15.10%. Return on equity (ROE) for the past 12 months was -20.50%.
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 -$0.13 quarterly earnings, the actual figure was -$0.22 per share, beating the consensus estimate by -69.20%. During the quarter, the company generated -$35.35 million in EBITDA. The liabilities of IonQ Inc. were 53.61 million at the end of its most recent quarter ended June 29, and its total debt was $6.24 million. The value of shareholders’ equity is $202.59 million.
Technical Picture
This quick technical analysis looks at IonQ Inc.’s (IONQ) price momentum. With a historical volatility rate of 78.12%, the RSI 9-day stood at 63.25% on 31 August.
With respect to its five-day moving average, the current IonQ Inc. price is up by +17.58% percent or $2.57. At present, IONQ shares trade -6.01% below its 20-day simple moving average and +150.95% percent above its 100-day simple moving average. However, the stock is currently trading approximately +86.44% above its SMA50 and +194.85% above its SMA200.
Stochastic coefficient K was 86.71% and Stochastic coefficient D was 73.33%, while ATR was 1.46. Given the Stochastic reading of 93.63% for the 14-day period, the RSI (14) reading has been calculated as 59.25%. As of today, the MACD Oscillator reading stands at 1.29, while the 14-day reading stands at 1.84.
Analyst Ratings
Craig Hallum reiterated its a Buy rating on IonQ Inc. (NYSE: IONQ) in a note to investors. The analysts firm has however raised their price target to $21, representing a possible -43.25% increase in the stock price. IonQ Inc. (IONQ) has been rated Overweight by analysts. According to 0 brokerage firms, IONQ is a sell, and 3 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.
With a median target price of $17.00, the current consensus forecast for the stock is $14.00 – $21.00. Based on these forecasts, analysts predict IonQ Inc. (IONQ) will achieve an average price target of $17.20.
