223.08% percent quarterly performance for IonQ Inc (IONQ) is not indicative of the underlying story

IonQ Inc (NYSE: IONQ) kicked off on Monday, down -5.12% from the previous trading day, before settling in for the closing price of $24.79. Over the past 52 weeks, IONQ has traded in a range of $6.22-$25.68.

Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.

Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!

Get the FREE Report with all the details here.


Sponsored

Over the past five-year period, the growth rate of yearbook sales for the company of the Technology sector was 176.11%. While this was happening, its average annual earnings per share was recorded -7.09%. With a float of $185.81 million, this company’s outstanding shares have now reached $206.61 million.

Considering the fact that the conglomerate employs 324 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 38.56%, operating margin of -558.86%, and the pretax margin is -457.73%.

IonQ Inc (IONQ) Insider Activity

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 14.13%, while institutional ownership is 33.24%. The most recent insider transaction that took place on Oct 28 ’24, was worth 405,941. In this transaction Chief Revenue Officer of this company sold 22,875 shares at a rate of $17.75, taking the stock ownership to the 592,658 shares. Before that another transaction happened on Oct 28 ’24, when Company’s Officer proposed sale 22,875 for $16.96, making the entire transaction worth $387,960.

IonQ Inc (IONQ) Earnings and Forecasts

According to the Wall Street analysts, stocks earnings will be around -7.09% 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 11.68. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 152.29.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.82, a number that is poised to hit -0.23 in the next quarter and is forecasted to reach -0.93 in one year’s time.

Technical Analysis of IonQ Inc (IONQ)

Compared to the last year’s volume of 7.89 million, its volume of 41.01 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 89.18%. Additionally, its Average True Range was 1.96.

During the past 100 days, IonQ Inc’s (IONQ) raw stochastic average was set at 88.90%, which indicates a significant increase from 81.40% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 151.10% in the past 14 days, which was higher than the 98.83% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $11.45, while its 200-day Moving Average is $9.33. Nevertheless, the first resistance level for the watch stands at $24.91 in the near term. At $26.29, the stock is likely to face the second major resistance level. The third major resistance level sits at $28.10. If the price goes on to break the first support level at $21.72, it is likely to go to the next support level at $19.91. Should the price break the second support level, the third support level stands at $18.53.

IonQ Inc (NYSE: IONQ) Key Stats

The company with the Market Capitalisation of 5.71 billion has total of 214,076K 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 11,380 K and last quarter income was -37,560 K.