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The closing price of IonQ Inc (NYSE: IONQ) was $6.62 for the day, down -2.65% from the previous closing price of $6.80. In other words, the price has decreased by -$2.65 from its previous closing price. On the day, 4.0 million shares were traded. IONQ stock price reached its highest trading level at $7.0 during the session, while it also had its lowest trading level at $6.55.
Ratios:
Our analysis of IONQ’s different ratios will help us gain a deeper understanding of the company. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Jun 12 ’24 when Kramer Thomas G. sold 4,967 shares for $8.13 per share. The transaction valued at 40,391 led to the insider holds 944,647 shares of the business.
Kramer Thomas G. sold 4,610 shares of IONQ for $36,357 on Jun 11 ’24. The CHIEF FINANCIAL OFFICER now owns 949,614 shares after completing the transaction at $7.89 per share. On Jun 12 ’24, another insider, Chapman Peter Hume, who serves as the PRESIDENT AND CEO of the company, sold 6,394 shares for $8.13 each. As a result, the insider received 51,995 and left with 438,903 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 1455718016 and an Enterprise Value of 1064018112. For the stock, the TTM Price-to-Sale (P/S) ratio is 45.42 while its Price-to-Book (P/B) ratio in mrq is 3.05. Its current Enterprise Value per Revenue stands at 34.098 whereas that against EBITDA is -5.744.
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 $6.22. The 50-Day Moving Average of the stock is -11.99%, while the 200-Day Moving Average is calculated to be -30.28%.
Shares Statistics:
IONQ traded an average of 4.65M shares per day over the past three months and 3474560 shares per day over the past ten days. A total of 206.61M shares are outstanding, with a floating share count of 183.34M. Insiders hold about 14.36% of the company’s shares, while institutions hold 32.27% stake in the company. Shares short for IONQ as of 1723680000 were 36683678 with a Short Ratio of 7.89, compared to 1721001600 on 32757469. Therefore, it implies a Short% of Shares Outstanding of 36683678 and a Short% of Float of 18.83.
