A share price of IonQ Inc [IONQ] is currently trading at $7.76, up 5.15%. An important factor to consider is whether the stock is rising or falling in short-term value. The IONQ shares have gain 14.12% over the last week, with a monthly amount glided 6.16%, 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 experienced fluctuations in its stock price throughout the past year between $6.22 and $19.96. Currently, Wall Street analysts expect the stock to reach $12 within the next 12 months. IonQ Inc [NYSE: IONQ] shares were valued at $7.76 at the most recent close of the market. An investor can expect a potential return of 54.64% based on the average IONQ price forecast.
Analyzing the IONQ fundamentals
Trailing Twelve Months sales for IonQ Inc [NYSE:IONQ] were 31.20M which represents 106.36% growth. Gross Profit Margin for this corporation currently stands at 0.41% with Operating Profit Margin at -6.36%, Pretax Profit Margin comes in at -5.25%, and Net Profit Margin reading is -5.25%. To continue investigating profitability, this company’s Return on Assets is posted at -0.32, Equity is -0.34 and Total Capital is -0.41. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.04.
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 7.50 points at the first support level, and at 7.23 for the second support level. However, for the 1st resistance point, the stock is sitting at 7.93, and for the 2nd resistance point, it is at 8.09.
Ratios To Look Out For
To put it in perspective, the Current Ratio for IonQ Inc [NYSE:IONQ] is 13.15. On the other hand, the Quick Ratio is 12.53, and the Cash Ratio is 1.36. Considering the valuation of this stock, the price to sales ratio is 53.25, the price to book ratio is 3.58.
Transactions by insiders
Recent insider trading involved Chapman Peter Hume, President and CEO, that happened on Sep 11 ’24 when 6356.0 shares were sold. President and CEO, Chapman Peter Hume completed a deal on Sep 12 ’24 to sell 5078.0 shares. Meanwhile, Chief Financial Officer Kramer Thomas G. bought 5.0 shares on Apr 08 ’24.
