Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
The price of IonQ Inc (NYSE: IONQ) closed at $42.04 in the last session, down -7.22% from day before closing price of $45.31. In other words, the price has decreased by -$7.22 from its previous closing price. On the day, 25.71 million shares were traded. IONQ stock price reached its highest trading level at $45.305 during the session, while it also had its lowest trading level at $40.94.
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 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:
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 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 9097119744 and an Enterprise Value of 8749722624. For the stock, the TTM Price-to-Sale (P/S) ratio is 242.78 while its Price-to-Book (P/B) ratio in mrq is 20.84. Its current Enterprise Value per Revenue stands at 233.519 whereas that against EBITDA is -44.952.
Stock Price History:
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 18.42%, while the 200-Day Moving Average is calculated to be 172.16%.
Shares Statistics:
According to the various share statistics, IONQ traded on average about 32.98M shares per day over the past 3-months and 53205500 shares per day over the past 10 days. A total of 215.98M shares are outstanding, with a floating share count of 186.95M. Insiders hold about 13.60% of the company’s shares, while institutions hold 34.06% stake in the company. Shares short for IONQ as of 1735603200 were 24998536 with a Short Ratio of 0.76, compared to 1732838400 on 30206741. Therefore, it implies a Short% of Shares Outstanding of 24998536 and a Short% of Float of 12.68.
