IonQ Inc (NYSE: IONQ) on Monday, soared 1.76% from the previous trading day, before settling in for the closing price of $7.38. Within the past 52 weeks, IONQ’s price has moved between $6.22 and $21.60.
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During the last 5-year period, the sales growth of Technology Sector giant was 176.11%. The company achieved an average annual earnings per share of -4.49%. With a float of $183.37 million, this company’s outstanding shares have now reached $206.61 million.
Let’s determine the extent of company efficiency that accounts for 324 employees. In terms of profitability, gross margin is 40.67%, operating margin of -635.98%, and the pretax margin is -524.91%.
IonQ Inc (IONQ) Insider Activity
Observing investor behavior towards Computer Hardware industry stocks is more important than anything else. The insider ownership of IonQ Inc is 14.34%, while institutional ownership is 32.22%. The most recent insider transaction that took place on Jun 12 ’24, was worth 40,391. In this transaction CHIEF FINANCIAL OFFICER of this company sold 4,967 shares at a rate of $8.13, taking the stock ownership to the 944,647 shares. Before that another transaction happened on Jun 11 ’24, when Company’s CHIEF FINANCIAL OFFICER sold 4,610 for $7.89, making the entire transaction worth $36,357. This insider now owns 949,614 shares in total.
IonQ Inc (IONQ) Earnings and Forecasts
As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported -0.22 earnings per share (EPS) for the period falling under the consensus outlook (set at -0.18) by -0.04. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.23 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -4.49% 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 12.53 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 51.53.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.79, a number that is poised to hit -0.22 in the next quarter and is forecasted to reach -0.81 in one year’s time.
Technical Analysis of IonQ Inc (IONQ)
Looking closely at IonQ Inc (NYSE: IONQ), its last 5-days average volume was 3.71 million, which is a drop from its year-to-date volume of 5.64 million. As of the previous 9 days, the stock’s Stochastic %D was 59.34%. Additionally, its Average True Range was 0.48.
During the past 100 days, IonQ Inc’s (IONQ) raw stochastic average was set at 36.86%, which indicates a significant decrease from 74.77% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 67.71% in the past 14 days, which was lower than the 68.31% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $7.51, while its 200-day Moving Average is $9.69. However, in the short run, IonQ Inc’s stock first resistance to watch stands at $7.64. Second resistance stands at $7.78. The third major resistance level sits at $7.90. If the price goes on to break the first support level at $7.38, it is likely to go to the next support level at $7.26. Should the price break the second support level, the third support level stands at $7.12.
IonQ Inc (NYSE: IONQ) Key Stats
Market capitalization of the company is 1.61 billion based on 211,455K outstanding shares. Right now, sales total 22,040 K and income totals -157,770 K. The company made 11,380 K in profit during its latest quarter, and -37,560 K in sales during its previous quarter.
