Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.
After finishing at $30.25 in the prior trading day, IonQ Inc (NYSE: IONQ) closed at $32.33, up 6.88%. In other words, the price has increased by $6.88 from its previous closing price. On the day, 68.98 million shares were traded. IONQ stock price reached its highest trading level at $33.9799 during the session, while it also had its lowest trading level at $28.51.
Ratios:
Our goal is to gain a better understanding of IONQ by taking a closer look at its different ratios. 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, DA Davidson on December 19, 2024, initiated with a Buy rating and assigned the stock a target price of $50.
On August 11, 2023, Craig Hallum reiterated its Buy rating and also lowered its target price recommendation from $12 to $21.
On April 26, 2023, Morgan Stanley started tracking the stock assigning a Equal-Weight rating and target price of $7.Morgan Stanley initiated its Equal-Weight rating on April 26, 2023, with a $7 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 ’24 when Alameddine Rima sold 21,337 shares for $29.73 per share. The transaction valued at 634,377 led to the insider holds 571,321 shares of the business.
Kramer Thomas G. sold 9,780 shares of IONQ for $290,633 on Dec 11 ’24. The Chief Financial Officer now owns 926,114 shares after completing the transaction at $29.72 per share. On Dec 11 ’24, another insider, Chapman Peter Hume, who serves as the President and CEO of the company, sold 13,106 shares for $29.73 each. As a result, the insider received 389,660 and left with 414,363 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 6995953664 and an Enterprise Value of 6648553984. For the stock, the TTM Price-to-Sale (P/S) ratio is 186.71 while its Price-to-Book (P/B) ratio in mrq is 16.03. Its current Enterprise Value per Revenue stands at 177.441 whereas that against EBITDA is -34.158.
Stock Price History:
The Beta on a monthly basis for IONQ is 2.45, which has changed by 1.9471285 over the last 52 weeks, in comparison to a change of 0.22263205 over the same period for the S&P500. Over the past 52 weeks, IONQ has reached a high of $54.74, while it has fallen to a 52-week low of $6.22. The 50-Day Moving Average of the stock is -0.22%, while the 200-Day Moving Average is calculated to be 123.64%.
Shares Statistics:
The stock has traded on average 28.45M shares per day over the past 3-months and 37946480 shares per day over the last 10 days, according to various share statistics. A total of 215.98M shares are outstanding, with a floating share count of 186.71M. Insiders hold about 13.72% of the company’s shares, while institutions hold 35.13% stake in the company. Shares short for IONQ as of 1734048000 were 31074573 with a Short Ratio of 0.88, compared to 1731628800 on 38016801. Therefore, it implies a Short% of Shares Outstanding of 31074573 and a Short% of Float of 15.76.
Earnings Estimates
Currently, 5.0 analysts are dedicated to thoroughly evaluating and rating the performance of IonQ Inc (IONQ) in the stock market.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 -$0.35 and -$0.48 for the fiscal current year, implying an average EPS of -$0.43. EPS for the following year is -$0.49, with 5.0 analysts recommending between -$0.4 and -$0.6.
Revenue Estimates
5 analysts predict $10.52M in revenue for the current quarter. 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, 5 analysts are estimating revenue of $16.48M. There is a high estimate of $17.43M for the next quarter, whereas the lowest estimate is $15.7M.
A total of 6 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 $41.64M. In the same quarter a year ago, actual revenue was $22.04MBased on 6 analysts’ estimates, the company’s revenue will be $83.45M in the next fiscal year. The high estimate is $85.25M and the low estimate is $80M.
