At the time of writing, IonQ Inc [IONQ] stock is trading at $11.24, up 5.54%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The IONQ shares have gain 3.88% over the last week, with a monthly amount drifted -0.35%, and not seem to be holding up well over a long-time horizon.
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On 22, February 2024, IonQ Achieves Critical First Step Towards Developing Future Quantum Networks. In a post published today on Yahoo Finance, IonQ’s Research & Development team achieves first known commercial demonstration of ion-photon entanglement, a key technical milestone for networking quantum computers.
From an analyst’s perspective:
IonQ Inc [NYSE: IONQ] stock has seen the most recent analyst activity on August 11, 2023, when Craig Hallum reiterated its Buy rating and also boosted its price target to $21 from $12. Previously, Morgan Stanley started tracking the stock with Equal-Weight rating on April 26, 2023, and set its price target to $7. On June 08, 2022, Needham initiated with a Buy rating and assigned a price target of $9 on the stock. Goldman started tracking the stock assigning a Neutral rating and suggested a price target of $28 on November 22, 2021.
For the past year, the stock price of IonQ Inc fluctuated between $4.38 and $21.60. Currently, Wall Street analysts expect the stock to reach $11.33 within the next 12 months. IonQ Inc [NYSE: IONQ] shares were valued at $11.24 at the most recent close of the market. An investor can expect a potential return of 0.8% based on the average IONQ price forecast.
Analyzing the IONQ fundamentals
According to IonQ Inc [NYSE:IONQ], the company’s sales were 19.74M for trailing twelve months, which represents an 122.08% jump. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -6.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 10.91 points at the first support level, and at 10.57 for the second support level. However, for the 1st resistance point, the stock is sitting at 11.44, and for the 2nd resistance point, it is at 11.63.
IonQ Inc [IONQ] reported earnings per share of -$0.22 for its fiscal quarter that ended on 9/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.18/share, meaning a difference of -$0.04 and a surprise factor of -22.20%. By comparison, the stated earnings for the previous quarter ended on 6/29/2023 were -$0.22 per share as compared to estimates of -$0.13 per share, a difference of -$0.09 representing a surprise of -69.20%.
Ratios To Look Out For
It is important to note that IonQ Inc [NYSE:IONQ] has a current ratio of 14.12. Further, the Quick Ratio stands at 14.12, while the Cash Ratio is 0.05. Considering the valuation of this stock, the price to sales ratio is 116.56, the price to book ratio is 4.60.
Transactions by insiders
Recent insider trading involved Alameddine Rima, Chief Revenue Officer, that happened on Dec 11 when 73447.0 shares were sold. President and CEO, Chapman Peter Hume completed a deal on Dec 11 to sell 56152.0 shares. Meanwhile, Chief Financial Officer Kramer Thomas G. sold 28190.0 shares on Dec 11.
