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IonQ Inc (NYSE: IONQ) closed the day trading at $7.89 down -3.90% from the previous closing price of $8.21. In other words, the price has decreased by -$3.90 from its previous closing price. On the day, 3.39 million shares were traded. IONQ stock price reached its highest trading level at $8.44 during the session, while it also had its lowest trading level at $7.8.
Ratios:
For a better understanding of IONQ, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 11.34 and its Current Ratio is at 11.81. In the meantime, Its Debt-to-Equity ratio is 0.03 whereas as Long-Term Debt/Eq ratio is at 0.03.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Craig Hallum on August 11, 2023, Reiterated its Buy rating but revised its target price to $21 from $12 previously.
On April 26, 2023, Morgan Stanley started tracking the stock assigning a Equal-Weight rating and target price of $7.
On June 08, 2022, Needham started tracking the stock assigning a Buy rating and target price of $9.Needham initiated its Buy rating on June 08, 2022, with a $9 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jun 12 ’24 when Alameddine Rima sold 10,565 shares for $8.13 per share. The transaction valued at 85,914 led to the insider holds 677,275 shares of the business.
Chapman Peter Hume sold 6,394 shares of IONQ for $51,995 on Jun 12 ’24. The PRESIDENT AND CEO now owns 438,903 shares after completing the transaction at $8.13 per share. On Jun 12 ’24, another insider, Kramer Thomas G., who serves as the CHIEF FINANCIAL OFFICER of the company, sold 4,967 shares for $8.13 each. As a result, the insider received 40,391 and left with 944,647 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, IONQ now has a Market Capitalization of 1668380032 and an Enterprise Value of 1308659328. For the stock, the TTM Price-to-Sale (P/S) ratio is 65.84 while its Price-to-Book (P/B) ratio in mrq is 3.47. Its current Enterprise Value per Revenue stands at 51.646 whereas that against EBITDA is -7.668.
Stock Price History:
Over the past 52 weeks, IONQ has reached a high of $21.60, while it has fallen to a 52-week low of $6.33. The 50-Day Moving Average of the stock is -0.04%, while the 200-Day Moving Average is calculated to be -22.75%.
Shares Statistics:
Over the past 3-months, IONQ traded about 4.72M shares per day on average, while over the past 10 days, IONQ traded about 4640780 shares per day. A total of 206.61M shares are outstanding, with a floating share count of 180.13M. Insiders hold about 14.81% of the company’s shares, while institutions hold 36.13% stake in the company. Shares short for IONQ as of 1721001600 were 32757469 with a Short Ratio of 6.94, compared to 1718323200 on 35358185. Therefore, it implies a Short% of Shares Outstanding of 32757469 and a Short% of Float of 17.040001.
