Beyond market trends, investors looking for superior returns explore the world of stock picking. The right selections can be a powerful driver for wealth accumulation.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The price of IonQ Inc (NYSE: IONQ) closed at $9.31 in the last session, up 0.65% from day before closing price of $9.25. In other words, the price has increased by $0.65 from its previous closing price. On the day, 7.46 million shares were traded. IONQ stock price reached its highest trading level at $9.4997 during the session, while it also had its lowest trading level at $9.14.
Ratios:
We take a closer look at IONQ’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 12.53 and its Current Ratio is at 13.15. In the meantime, Its Debt-to-Equity ratio is 0.04 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Sep 11 ’24 when Chapman Peter Hume sold 6,356 shares for $7.05 per share. The transaction valued at 44,802 led to the insider holds 432,547 shares of the business.
Chapman Peter Hume sold 5,078 shares of IONQ for $37,110 on Sep 12 ’24. The President and CEO now owns 427,469 shares after completing the transaction at $7.31 per share. On Apr 08 ’24, another insider, Kramer Thomas G., who serves as the Chief Financial Officer of the company, bought 5 shares for $9.28 each. As a result, the insider paid 46 and bolstered with 5 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 1993047680 and an Enterprise Value of 1639883008. For the stock, the TTM Price-to-Sale (P/S) ratio is 63.88 while its Price-to-Book (P/B) ratio in mrq is 4.29. Its current Enterprise Value per Revenue stands at 52.552 whereas that against EBITDA is -8.853.
Stock Price History:
Over the past 52 weeks, IONQ has reached a high of $16.60, while it has fallen to a 52-week low of $6.22. The 50-Day Moving Average of the stock is 22.77%, while the 200-Day Moving Average is calculated to be 3.24%.
Shares Statistics:
According to the various share statistics, IONQ traded on average about 5.77M shares per day over the past 3-months and 12632720 shares per day over the past 10 days. A total of 206.61M shares are outstanding, with a floating share count of 183.76M. Insiders hold about 14.16% of the company’s shares, while institutions hold 31.94% stake in the company. Shares short for IONQ as of 1726185600 were 34883810 with a Short Ratio of 6.05, compared to 1723680000 on 36683678. Therefore, it implies a Short% of Shares Outstanding of 34883810 and a Short% of Float of 17.899999.
