The price of IonQ Inc (NYSE: IONQ) closed at $8.37 in the last session, down -9.12% from day before closing price of $9.21. In other words, the price has decreased by -$0.84 from its previous closing price. On the day, 11956631 shares were traded.
Ratios:
We take a closer look at IONQ’s different ratios to gain a better understanding of the stock. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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 1.74B and an Enterprise Value of 1.40B. For the stock, the TTM Price-to-Sale (P/S) ratio is 79.08 while its Price-to-Book (P/B) ratio in mrq is 3.57. Its current Enterprise Value per Revenue stands at 63.31 whereas that against EBITDA is -9.47.
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 $5.29. The 50-Day Moving Average of the stock is 10.18, while the 200-Day Moving Average is calculated to be 12.94.
Shares Statistics:
According to the various share statistics, IONQ traded on average about 6.93M shares per day over the past 3-months and 5.52M shares per day over the past 10 days. A total of 206.61M shares are outstanding, with a floating share count of 173.44M. Insiders hold about 16.71% of the company’s shares, while institutions hold 37.56% stake in the company. Shares short for IONQ as of Mar 15, 2024 were 42.49M with a Short Ratio of 6.13, compared to 46.26M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 20.41% and a Short% of Float of 24.44%.
Earnings Estimates
The company has 3 analysts who recommend its stock at the moment. 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 analysts recommending between -$0.91 and -$1.52.
Revenue Estimates
According to 4 analysts, the current quarter’s revenue is expected to be $7.07M. 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 $4.29M, an estimated increase of 65.00% from the year-ago figure. For the next quarter, 4 analysts are estimating revenue of $8.44M, an increase of 94.00% over than the figure of $65.00% in the same quarter last year. 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 $22.04M, up 76.60% from the average estimate. Based 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. The average revenue growth estimate for next year is up 110.20% from the average revenue estimate for this year.
