IonQ Inc (IONQ) went down -4.76% yesterday: Is this the Most Sought-After Stock Today?

As on Wednesday, IonQ Inc (NYSE: IONQ) started slowly as it slid -4.76% to $8.00, before settling in for the price of $8.40 at the close. Taking a more long-term approach, IONQ posted a 52-week range of $5.29-$21.60.

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In the past 5-years timespan, the Technology sector firm’s annual sales growth was 176.11%. Nevertheless, stock’s Earnings Per Share (EPS) this year is -35.58%. This publicly-traded company’s shares outstanding now amounts to $206.61 million, simultaneously with a float of $173.44 million. The organization now has a market capitalization sitting at $1.67 billion. At the time of writing, stock’s 50-day Moving Average stood at $10.06, while the 200-day Moving Average is $12.93.

IonQ Inc (IONQ) Ownership Facts and Figures

Another important factor to analyze is how key investors are playing towards the stock of the Computer Hardware industry. IonQ Inc’s current insider ownership accounts for 16.71%, in contrast to 37.56% institutional ownership. According to the most recent insider trade that took place on Mar 11 ’24, this organization’s PRESIDENT AND CEO sold 29,452 shares at the rate of 10.20, making the entire transaction reach 300,281 in total value, affecting insider ownership by 451,233. Preceding that transaction, on Mar 11 ’24, Company’s CHIEF REVENUE OFFICER sold 27,212 for 10.20, making the whole transaction’s value amount to 277,443. This particular insider is now the holder of 697,647 in total.

IonQ Inc (IONQ) Earnings and Revenue Records

If we go through the results of last quarter, which was made public on 12/30/2023, the company posted -$0.2 earnings per share (EPS) for the quarter, besting the agreed prediction (set at -$0.2) by $0. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.26 per share during the current fiscal year.

IonQ Inc’s EPS decrease for this current 12-month fiscal period is -35.58% and is forecasted to reach -1.09 in the upcoming year.

IonQ Inc (NYSE: IONQ) Trading Performance Indicators

Let’s observe the current performance indicators for IonQ Inc (IONQ). It’s Quick Ratio in the last reported quarter now stands at 10.49. The Stock has managed to achieve an average true range (ATR) of 0.59. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 75.58.

In the same vein, IONQ’s Diluted EPS (Earnings per Share) trailing twelve months is recorded -0.78, a figure that is expected to reach -0.25 in the next quarter, and analysts are predicting that it will be -1.09 at the market close of one year from today.

Technical Analysis of IonQ Inc (IONQ)

Through scrutinizing the latest numbers posted by the [IonQ Inc, IONQ], it can be observed that its last 5-days Average volume of 6.7 million was lower the volume of 6.95 million, it posted the year before. During the previous 9 days, stock’s Stochastic %D was recorded 5.86% While, its Average True Range was 0.56.

Raw Stochastic average of IonQ Inc (IONQ) in the period of the previous 100 days is set at 0.79%, which indicates a major fall in contrast to 2.79% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 61.09% that was lower than 65.26% volatility it exhibited in the past 100-days period.