IonQ Inc (NYSE: IONQ) on Monday, soared 5.64% from the previous trading day, before settling in for the closing price of $7.09. Within the past 52 weeks, IONQ’s price has moved between $5.29 and $21.60.
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A company in the Technology sector has jumped its sales by 176.11% annually for the last half of the decade. The company achieved an average annual earnings per share of -35.58%. With a float of $176.51 million, this company’s outstanding shares have now reached $206.61 million.
In an organization with 324 employees, it is important to assess its efficiency.
IonQ Inc (IONQ) Insider and Institutional Ownership
Observing investor behavior towards Computer Hardware industry stocks is more important than anything else. The insider ownership of IonQ Inc is 15.23%, while institutional ownership is 37.52%. 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
As on 12/31/2023, Multinational firm has announced its last quarter scores, in which it reported -$0.2 earnings per share (EPS) for the period topping the consensus outlook (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.
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
IonQ Inc (IONQ) is currently performing well based on its current performance indicators. A quick ratio of 10.49 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 70.76.
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)
Let’s dig in a bit further. During the last 5-days, its volume was 4.93 million. That was inferior than the volume of 6.73 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 17.85%. Additionally, its Average True Range was 0.53.
During the past 100 days, IonQ Inc’s (IONQ) raw stochastic average was set at 5.99%, which indicates a significant decrease from 18.61% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 59.09% in the past 14 days, which was lower than the 65.73% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $9.61, while its 200-day Moving Average is $12.72. However, in the short run, IonQ Inc’s stock first resistance to watch stands at $7.70. Second resistance stands at $7.90. The third major resistance level sits at $8.19. If the price goes on to break the first support level at $7.20, it is likely to go to the next support level at $6.91. The third support level lies at $6.71 if the price breaches the second support level.
IonQ Inc (NYSE: IONQ) Key Stats
Market capitalization of the company is 1.56 billion based on 208,230K outstanding shares. Right now, sales total 22,040 K and income totals -157,770 K. The company made 6,110 K in profit during its latest quarter, and -41,900 K in sales during its previous quarter.
