Beyond market trends, investors looking for superior returns explore the world of stock picking. The right selections can be a powerful driver for wealth accumulation.
As of close of business last night, IonQ Inc’s stock clocked out at $47.77, up 10.84% from its previous closing price of $43.10. In other words, the price has increased by $10.84 from its previous closing price. On the day, 28.09 million shares were traded. IONQ stock price reached its highest trading level at $47.909 during the session, while it also had its lowest trading level at $43.0.
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, 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:
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 10337045504 and an Enterprise Value of 9989650432. For the stock, the TTM Price-to-Sale (P/S) ratio is 305.77 while its Price-to-Book (P/B) ratio in mrq is 23.68. Its current Enterprise Value per Revenue stands at 266.611 whereas that against EBITDA is -51.323.
Stock Price History:
Over the past 52 weeks, IONQ has reached a high of $48.56, while it has fallen to a 52-week low of $6.22. The 50-Day Moving Average of the stock is 56.92%, while the 200-Day Moving Average is calculated to be 245.42%.
Shares Statistics:
It appears that IONQ traded 25.70M shares on average per day over the past three months and 25220380 shares per day over the past ten days. 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 35.14% stake in the company. Shares short for IONQ as of 1734048000 were 31074573 with a Short Ratio of 1.21, compared to 1731628800 on 38016801. Therefore, it implies a Short% of Shares Outstanding of 31074573 and a Short% of Float of 15.76.
