IonQ Inc (IONQ) is -24.47% away from 50-day simple Moving Average despite all headwinds

IonQ Inc (NYSE: IONQ) kicked off on Monday, down -6.23% from the previous trading day, before settling in for the closing price of $8.03. Over the past 52 weeks, IONQ has traded in a range of $5.29-$21.60.

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Annual sales at Technology sector company grew by 176.11% over the past five years. While this was happening, its average annual earnings per share was recorded -35.58%. With a float of $176.62 million, this company’s outstanding shares have now reached $206.61 million.

Let’s look at the performance matrix of the company that is accounted for 324 employees.

IonQ Inc (IONQ) Insider and Institutional Ownership

Our next focus will be how large-scale investors are participating in this stock of the Computer Hardware Industry. The insider ownership of IonQ Inc is 15.18%, while institutional ownership is 37.54%. The most recent insider transaction that took place on Mar 11 ’24, was worth 300,281. In this transaction PRESIDENT AND CEO of this company sold 29,452 shares at a rate of $10.20, taking the stock ownership to the 451,233 shares. Before that another transaction happened on Mar 11 ’24, when Company’s CHIEF REVENUE OFFICER sold 27,212 for $10.20, making the entire transaction worth $277,443. This insider now owns 697,647 shares in total.

IonQ Inc (IONQ) Latest Financial update

Wall Street market experts anticipate that the next fiscal year will bring earnings of 42.34 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -35.58% per share during the next fiscal year.

IonQ Inc (NYSE: IONQ) Trading Performance Indicators

Take a look at IonQ Inc’s (IONQ) current performance indicators. Last quarter, stock had a quick ratio of 10.49. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 71.14.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.78, a number that is poised to hit -0.25 in the next quarter and is forecasted to reach -1.09 in one year’s time.

Technical Analysis of IonQ Inc (IONQ)

IonQ Inc (NYSE: IONQ) saw its 5-day average volume 5.28 million, a negative change from its year-to-date volume of 6.86 million. As of the previous 9 days, the stock’s Stochastic %D was 7.68%. Additionally, its Average True Range was 0.56.

During the past 100 days, IonQ Inc’s (IONQ) raw stochastic average was set at 0.99%, which indicates a significant decrease from 3.03% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 65.51% in the past 14 days, which was higher than the 65.06% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $9.92, while its 200-day Moving Average is $12.88. Nevertheless, the first resistance level for the watch stands at $7.88 in the near term. At $8.24, the stock is likely to face the second major resistance level. The third major resistance level sits at $8.45. If the price goes on to break the first support level at $7.31, it is likely to go to the next support level at $7.10. The third support level lies at $6.74 if the price breaches the second support level.

IonQ Inc (NYSE: IONQ) Key Stats

The company with the Market Capitalisation of 1.57 billion has total of 208,230K Shares Outstanding. Its annual sales at the moment are 22,040 K in contrast with the sum of -157,770 K annual income. Company’s last quarter sales were recorded 6,110 K and last quarter income was -41,900 K.