In the pursuit of market outperformance, investors navigate the landscape of stock selection. The right picks can play a pivotal role in enhancing your wealth.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
As of close of business last night, IonQ Inc’s stock clocked out at $33.83, up 12.80% from its previous closing price of $29.99. In other words, the price has increased by $12.80 from its previous closing price. On the day, 24.39 million shares were traded. IONQ stock price reached its highest trading level at $34.035 during the session, while it also had its lowest trading level at $29.5252.
Ratios:
To gain a deeper understanding of IONQ’s stock, we examine 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, 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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. 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 7320541696 and an Enterprise Value of 6973142528. For the stock, the TTM Price-to-Sale (P/S) ratio is 220.39 while its Price-to-Book (P/B) ratio in mrq is 16.77. Its current Enterprise Value per Revenue stands at 186.104 whereas that against EBITDA is -35.825.
Stock Price History:
Over the past 52 weeks, IONQ has reached a high of $38.45, while it has fallen to a 52-week low of $6.22. The 50-Day Moving Average of the stock is 52.75%, while the 200-Day Moving Average is calculated to be 190.09%.
Shares Statistics:
It appears that IONQ traded 21.86M shares on average per day over the past three months and 24509740 shares per day over the past ten days. A total of 215.98M shares are outstanding, with a floating share count of 186.42M. Insiders hold about 13.85% of the company’s shares, while institutions hold 35.40% stake in the company. Shares short for IONQ as of 1732838400 were 30206741 with a Short Ratio of 1.38, compared to 1730332800 on 39301690. Therefore, it implies a Short% of Shares Outstanding of 30206741 and a Short% of Float of 15.32.
