IonQ Inc [IONQ] stock prices are down -6.40% to $38.89 at the moment. 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 20.29% over the last week, with a monthly amount drifted -6.98%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
IonQ Inc [NYSE: IONQ] stock has seen the most recent analyst activity on December 19, 2024, when DA Davidson initiated its Buy rating and assigned the stock a price target of $50. Previously, Craig Hallum reaffirmed its Buy rating on August 11, 2023, and elevated its price target to $21. On April 26, 2023, Morgan Stanley initiated with a Equal-Weight rating and assigned a price target of $7 on the stock. Needham started tracking the stock assigning a Buy rating and suggested a price target of $9 on June 08, 2022. Goldman initiated its recommendation with a Neutral and recommended $28 as its price target on November 22, 2021.
The stock price of IonQ Inc [IONQ] has been fluctuating between $6.22 and $54.74 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 $38.89 at the most recent close of the market. An investor can expect a potential drop of -48.57% 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 37.66 points at the first support level, and at 36.42 for the second support level. However, for the 1st resistance point, the stock is sitting at 41.24, and for the 2nd resistance point, it is at 43.58.
Ratios To Look Out For
It’s worth pointing out that IonQ Inc [NYSE:IONQ]’s Current Ratio is 12.23. As well, the Quick Ratio is 11.68, while the Cash Ratio is 0.93. Considering the valuation of this stock, the price to sales ratio is 224.59, the price to book ratio is 19.28.
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.
