For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.
In the latest session, IonQ Inc (NYSE: IONQ) closed at $8.55 down -4.15% from its previous closing price of $8.92. In other words, the price has decreased by -$4.15 from its previous closing price. On the day, 3.75 million shares were traded. IONQ stock price reached its highest trading level at $8.799 during the session, while it also had its lowest trading level at $8.52.
Ratios:
For a deeper understanding of IonQ Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 10.49 and its Current Ratio is at 10.49. In the meantime, Its Debt-to-Equity ratio is 0.02 whereas as Long-Term Debt/Eq ratio is at 0.02.
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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Mar 11 ’24 when Chapman Peter Hume sold 29,452 shares for $10.20 per share. The transaction valued at 300,281 led to the insider holds 451,233 shares of the business.
Alameddine Rima sold 27,212 shares of IONQ for $277,443 on Mar 11 ’24. The CHIEF REVENUE OFFICER now owns 697,647 shares after completing the transaction at $10.20 per share. On Mar 11 ’24, another insider, Kramer Thomas G., who serves as the CHIEF FINANCIAL OFFICER of the company, sold 19,672 shares for $10.20 each. As a result, the insider received 200,568 and left with 954,224 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 1806076288 and an Enterprise Value of 1433026432. For the stock, the TTM Price-to-Sale (P/S) ratio is 80.78 while its Price-to-Book (P/B) ratio in mrq is 3.64. Its current Enterprise Value per Revenue stands at 65.013 whereas that against EBITDA is -9.723.
Stock Price History:
The Beta on a monthly basis for IONQ is 2.16, which has changed by 0.58040667 over the last 52 weeks, in comparison to a change of 0.23099434 over the same period for the S&P500. Over the past 52 weeks, IONQ has reached a high of $21.60, while it has fallen to a 52-week low of $5.29. The 50-Day Moving Average of the stock is -8.58%, while the 200-Day Moving Average is calculated to be -32.05%.
Shares Statistics:
For the past three months, IONQ has traded an average of 6.91M shares per day and 5172870 over the past ten days. A total of 206.61M shares are outstanding, with a floating share count of 176.51M. Insiders hold about 15.23% of the company’s shares, while institutions hold 37.48% stake in the company. Shares short for IONQ as of 1713139200 were 46408207 with a Short Ratio of 6.72, compared to 1710460800 on 42492194. Therefore, it implies a Short% of Shares Outstanding of 46408207 and a Short% of Float of 26.700002.
Earnings Estimates
As of right now, 3.0 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of -$0.25 for the current quarter, with a high estimate of -$0.22 and a low estimate of -$0.27, while EPS last year was -$0.14. The consensus estimate for the next quarter is -$0.26, with high estimates of -$0.23 and low estimates of -$0.3.
Analysts are recommending an EPS of between -$0.91 and -$1.23 for the fiscal current year, implying an average EPS of -$1.06. EPS for the following year is -$1.12, with 3.0 analysts recommending between -$0.91 and -$1.52.
Revenue Estimates
A total of 4 analysts believe the company’s revenue will be $7.07M this quarter.It ranges from a high estimate of $7.27M to a low estimate of $7M. As of the current estimate, IonQ Inc’s year-ago sales were $4.29MFor the next quarter, 4 analysts are estimating revenue of $8.44M. There is a high estimate of $9.7M for the next quarter, whereas the lowest estimate is $7.4M.
A total of 5 analysts have provided revenue estimates for IONQ’s current fiscal year. The highest revenue estimate was $40.6M, while the lowest revenue estimate was $37M, resulting in an average revenue estimate of $38.93M. In the same quarter a year ago, actual revenue was $22.04MBased on 4 analysts’ estimates, the company’s revenue will be $81.83M in the next fiscal year. The high estimate is $99.39M and the low estimate is $68.43M.
