IonQ Inc [IONQ] stock is trading at $8.45, up 5.36%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The IONQ shares have gain 14.04% over the last week, with a monthly amount glided 7.37%, and seem to be holding up well over a long-time horizon.
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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.
IonQ Inc [IONQ] stock has fluctuated between $6.33 and $21.60 over the past year. Currently, Wall Street analysts expect the stock to reach $11.33 within the next 12 months. IonQ Inc [NYSE: IONQ] shares were valued at $8.45 at the most recent close of the market. An investor can expect a potential return of 34.08% based on the average IONQ price forecast.
Analyzing the IONQ fundamentals
IonQ Inc [NYSE:IONQ] reported sales of 25.34M for the trailing twelve months, which represents a growth of 76.94%. Gross Profit Margin for this corporation currently stands at 0.59% with Operating Profit Margin at -7.21%, Pretax Profit Margin comes in at -6.71%, and Net Profit Margin reading is -6.71%. To continue investigating profitability, this company’s Return on Assets is posted at -0.31, Equity is -0.34 and Total Capital is -0.36. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.03.
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 8.15 points at the first support level, and at 7.85 for the second support level. However, for the 1st resistance point, the stock is sitting at 8.60, and for the 2nd resistance point, it is at 8.75.
Ratios To Look Out For
For context, IonQ Inc’s Current Ratio is 11.81. As well, the Quick Ratio is 11.34, while the Cash Ratio is 1.73. Considering the valuation of this stock, the price to sales ratio is 70.51, the price to book ratio is 3.71.
Transactions by insiders
Recent insider trading involved Alameddine Rima, CHIEF REVENUE OFFICER, that happened on Jun 12 ’24 when 10565.0 shares were sold. PRESIDENT AND CEO, Chapman Peter Hume completed a deal on Jun 12 ’24 to sell 6394.0 shares. Meanwhile, CHIEF FINANCIAL OFFICER Kramer Thomas G. sold 4967.0 shares on Jun 12 ’24.
