IonQ Inc [IONQ] stock is trading at $41.81, up 23.59%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The IONQ shares have gain 22.11% over the last week, with a monthly amount glided 59.82%, 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 $6.22 and $38.45 over the past year. Currently, Wall Street analysts expect the stock to reach $20 within the next 12 months. IonQ Inc [NYSE: IONQ] shares were valued at $41.81 at the most recent close of the market. An investor can expect a potential drop of -52.16% based on the average IONQ price forecast.
Analyzing the IONQ fundamentals
IonQ Inc [NYSE:IONQ] reported sales of 37.47M for the trailing twelve months, which represents a growth 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.01.
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 35.20 points at the first support level, and at 28.58 for the second support level. However, for the 1st resistance point, the stock is sitting at 45.62, and for the 2nd resistance point, it is at 49.42.
Ratios To Look Out For
For context, IonQ Inc’s Current Ratio is 12.23. Also, the Quick Ratio is 11.68, while the Cash Ratio stands at 0.93. Considering the valuation of this stock, the price to sales ratio is 272.37, the price to book ratio is 20.73.
Transactions by insiders
Recent insider trading involved Alameddine Rima, Chief Revenue Officer, that happened on Dec 11 ’24 when 21337.0 shares were sold. Chief Financial Officer, Kramer Thomas G. completed a deal on Dec 11 ’24 to sell 9780.0 shares. Meanwhile, President and CEO Chapman Peter Hume sold 13106.0 shares on Dec 11 ’24.
