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The closing price of IonQ Inc (NYSE: IONQ) was $41.32 for the day, down -6.98% from the previous closing price of $44.42. In other words, the price has decreased by -$6.98 from its previous closing price. On the day, 26.91 million shares were traded. IONQ stock price reached its highest trading level at $45.465 during the session, while it also had its lowest trading level at $41.31.
Ratios:
Our analysis of IONQ’s different ratios will help us gain a deeper understanding of the company. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 8941317120 and an Enterprise Value of 9264736256. For the stock, the TTM Price-to-Sale (P/S) ratio is 280.71 while its Price-to-Book (P/B) ratio in mrq is 20.48. Its current Enterprise Value per Revenue stands at 247.264 whereas that against EBITDA is -47.598.
Stock Price History:
Over the past 52 weeks, IONQ has reached a high of $47.41, while it has fallen to a 52-week low of $6.22. The 50-Day Moving Average of the stock is 59.40%, while the 200-Day Moving Average is calculated to be 228.29%.
Shares Statistics:
IONQ traded an average of 24.70M shares per day over the past three months and 31734710 shares per day over the past ten days. A total of 215.98M shares are outstanding, with a floating share count of 186.46M. Insiders hold about 13.83% 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 1.22, compared to 1730332800 on 39301690. Therefore, it implies a Short% of Shares Outstanding of 30206741 and a Short% of Float of 15.32.
