IonQ Inc (NYSE: IONQ) closed the day trading at $10.09 down -5.35% from the previous closing price of $10.66. In other words, the price has decreased by -$0.57 from its previous closing price. On the day, 10452371 shares were traded.
Ratios:
For a better understanding of IONQ, let’s look at its different 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:
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 Dec 11 when Alameddine Rima sold 73,447 shares for $13.21 per share. The transaction valued at 970,396 led to the insider holds 646,553 shares of the business.
Chapman Peter Hume sold 56,152 shares of IONQ for $741,925 on Dec 11. The President and CEO now owns 439,748 shares after completing the transaction at $13.21 per share. On Dec 11, another insider, Kramer Thomas G., who serves as the Chief Financial Officer of the company, sold 28,190 shares for $13.21 each. As a result, the insider received 372,480 and left with 869,073 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 2.18B and an Enterprise Value of 1.83B. For the stock, the TTM Price-to-Sale (P/S) ratio is 95.33 while its Price-to-Book (P/B) ratio in mrq is 4.30. Its current Enterprise Value per Revenue stands at 83.24 whereas that against EBITDA is -12.45.
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 $4.38. The 50-Day Moving Average of the stock is 11.49, while the 200-Day Moving Average is calculated to be 12.98.
Shares Statistics:
Over the past 3-months, IONQ traded about 7.22M shares per day on average, while over the past 10 days, IONQ traded about 8.86M shares per day. A total of 206.61M shares are outstanding, with a floating share count of 173.58M. Insiders hold about 16.64% of the company’s shares, while institutions hold 37.56% stake in the company. Shares short for IONQ as of Feb 15, 2024 were 46.26M with a Short Ratio of 6.41, compared to 45.12M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 22.60% and a Short% of Float of 27.16%.
Earnings Estimates
Current recommendations for the stock of the company come from 4 analysts. On average, analysts expect EPS of -$0.22 for the current quarter, with a high estimate of -$0.18 and a low estimate of -$0.26, while EPS last year was -$0.14. The consensus estimate for the next quarter is -$0.23, with high estimates of -$0.18 and low estimates of -$0.26.
Analysts are recommending an EPS of between -$0.71 and -$1.04 for the fiscal current year, implying an average EPS of -$0.92. EPS for the following year is -$1, with 4 analysts recommending between -$0.65 and -$1.52.
Revenue Estimates
5 analysts predict $6.86M in revenue for the current quarter. It ranges from a high estimate of $7.27M to a low estimate of $6M. As of the current estimate, IonQ Inc’s year-ago sales were $4.29M, an estimated increase of 60.10% from the year-ago figure. For the next quarter, 5 analysts are estimating revenue of $8.15M, an increase of 87.40% over than the figure of $60.10% in the same quarter last year. There is a high estimate of $9.7M for the next quarter, whereas the lowest estimate is $7M.
A total of 6 analysts have provided revenue estimates for IONQ’s current fiscal year. The highest revenue estimate was $40.6M, while the lowest revenue estimate was $35M, resulting in an average revenue estimate of $38.28M. In the same quarter a year ago, actual revenue was $22.04M, up 73.70% from the average estimate. Based on 5 analysts’ estimates, the company’s revenue will be $82.47M in the next fiscal year. The high estimate is $99.39M and the low estimate is $68.43M. The average revenue growth estimate for next year is up 115.40% from the average revenue estimate for this year.
