IonQ Inc (NYSE: IONQ): To Buy Or Not To Buy, That Is The Question

IonQ Inc (IONQ) concluded trading on Wednesday at a closing price of $10.27, with 6.27 million shares of worth about $64.39 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -48.29% during that period and on Wednesday, January 31 the price saw a loss of about -3.93%. Currently the company’s common shares owned by public are about 199.86M shares, out of which, 168.09M shares are available for trading.

Stock saw a price change of -7.23% in past 5 days and over the past one month there was a price change of -17.11%. Year-to-date (YTD), IONQ shares are showing a performance of -17.11% which increased to 130.27% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $4.38 but also hit the highest price of $21.60 during that period. The average intraday trading volume for IonQ Inc shares is 7.69 million. The stock is currently trading -10.94% below its 20-day simple moving average (SMA20), while that difference is down -17.93% for SMA50 and it goes to -17.65% lower than SMA200.

IonQ Inc (NYSE: IONQ) currently have 199.86M outstanding shares and institutions hold larger chunk of about 31.94% of that.

The stock has a current market capitalization of $2.10B and its 3Y-monthly beta is at 2.17. It has posted earnings per share of -$0.67 in the same period. It has Quick Ratio of 14.12 while making debt-to-equity ratio of 0.01. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for IONQ, volatility over the week remained 5.86% while standing at 5.68% over the month.

Analysts are in expectations that IonQ Inc (IONQ) stock would likely to be making an EPS of -$0.2 in the current quarter, while forecast for next quarter EPS is -$0.21 and it is -$0.88 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.22 which is -$0.17 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.09 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -209.00% while it is estimated to decrease by -13.92% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Craig Hallum on August 11, 2023 offering a Buy rating for the stock and assigned a target price range of between $12 and $21 to it.

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