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The closing price of IonQ Inc (NYSE: IONQ) was $27.89 for the day, up 10.54% from the previous closing price of $25.23. In other words, the price has increased by $10.54 from its previous closing price. On the day, 29.93 million shares were traded. IONQ stock price reached its highest trading level at $28.3 during the session, while it also had its lowest trading level at $24.87.
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 11.68 and its Current Ratio is at 12.23. 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 Oct 28 ’24 when Alameddine Rima sold 22,875 shares for $17.75 per share. The transaction valued at 405,941 led to the insider holds 592,658 shares of the business.
RIMA ALAMEDDINE & ZIAD ALAMED bought 22,875 shares of IONQ for $387,960 on Oct 28 ’24. On Oct 23 ’24, another insider, Alameddine Rima, who serves as the Chief Revenue Officer of the company, sold 12,000 shares for $15.72 each. As a result, the insider received 188,640 and left with 615,533 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 6035172864 and an Enterprise Value of 5112169472. For the stock, the TTM Price-to-Sale (P/S) ratio is 161.07 while its Price-to-Book (P/B) ratio in mrq is 13.83. Its current Enterprise Value per Revenue stands at 136.437 whereas that against EBITDA is -26.264.
Stock Price History:
Over the past 52 weeks, IONQ has reached a high of $29.48, while it has fallen to a 52-week low of $6.22. The 50-Day Moving Average of the stock is 102.23%, while the 200-Day Moving Average is calculated to be 184.48%.
Shares Statistics:
IONQ traded an average of 15.55M shares per day over the past three months and 40132870 shares per day over the past ten days. A total of 206.61M shares are outstanding, with a floating share count of 186.09M. Insiders hold about 14.00% of the company’s shares, while institutions hold 34.83% stake in the company. Shares short for IONQ as of 1730332800 were 39301690 with a Short Ratio of 2.53, compared to 1727654400 on 39619109. Therefore, it implies a Short% of Shares Outstanding of 39301690 and a Short% of Float of 19.93.
Earnings Estimates
The company has 4.0 analysts who recommend its stock at the moment. The consensus estimate for the next quarter is -$0.12, with high estimates of -$0.11 and low estimates of -$0.14.
Analysts are recommending an EPS of between -$0.4 and -$0.48 for the fiscal current year, implying an average EPS of -$0.45. EPS for the following year is -$0.49, with 4.0 analysts recommending between -$0.4 and -$0.6.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 4 analysts. It ranges from a high estimate of $12.86M to a low estimate of $9.1M. As of the current estimate, IonQ Inc’s year-ago sales were $6.11MFor the next quarter, 4 analysts are estimating revenue of $16.43M. There is a high estimate of $17.43M for the next quarter, whereas the lowest estimate is $15.7M.
A total of 5 analysts have provided revenue estimates for IONQ’s current fiscal year. The highest revenue estimate was $44.22M, while the lowest revenue estimate was $40.5M, resulting in an average revenue estimate of $41.56M. In the same quarter a year ago, actual revenue was $22.04MBased on 5 analysts’ estimates, the company’s revenue will be $83.09M in the next fiscal year. The high estimate is $85M and the low estimate is $80M.
