IonQ Inc [IONQ] stock prices are down -5.12% to $23.52 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The IONQ shares have gain 63.67% over the last week, with a monthly amount glided 120.64%, 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.
The stock price of IonQ Inc [IONQ] has been fluctuating between $6.22 and $25.68 over the past year. Currently, Wall Street analysts expect the stock to reach $16 within the next 12 months. IonQ Inc [NYSE: IONQ] shares were valued at $23.52 at the most recent close of the market. An investor can expect a potential drop of -31.97% based on the average IONQ price forecast.
Analyzing the IONQ fundamentals
The IonQ Inc [NYSE:IONQ] reported sales of 37.47M for trailing twelve months, representing a surge of 102.09%. Gross Profit Margin for this corporation currently stands at 0.39% with Operating Profit Margin at -5.59%, Pretax Profit Margin comes in at -4.58%, and Net Profit Margin reading is -4.58%. To continue investigating profitability, this company’s Return on Assets is posted at -0.34, Equity is -0.37 and Total Capital is -0.45. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.04.
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 21.72 points at the first support level, and at 19.91 for the second support level. However, for the 1st resistance point, the stock is sitting at 24.91, and for the 2nd resistance point, it is at 26.29.
Ratios To Look Out For
It’s worth pointing out that IonQ Inc [NYSE:IONQ]’s Current Ratio is 12.23. On the other hand, the Quick Ratio is 11.68, and the Cash Ratio is 0.93. Considering the valuation of this stock, the price to sales ratio is 152.29, the price to book ratio is 11.66.
Transactions by insiders
Recent insider trading involved Alameddine Rima, Chief Revenue Officer, that happened on Oct 28 ’24 when 22875.0 shares were sold. Officer, RIMA ALAMEDDINE & ZIAD ALAMED completed a deal on Oct 28 ’24 to buy 22875.0 shares. Meanwhile, Chief Revenue Officer Alameddine Rima sold 12000.0 shares on Oct 23 ’24.
