While IonQ Inc has overperformed by 10.84%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, IONQ rose by 300.42%, with highs and lows ranging from $48.56 to $6.22, whereas the simple moving average jumped by 245.42% in the last 200 days.
On December 19, 2024, DA Davidson started tracking IonQ Inc (NYSE: IONQ) recommending Buy. A report published by Craig Hallum on August 11, 2023, Reiterated its previous ‘Buy’ rating for IONQ. Morgan Stanley also rated IONQ shares as ‘Equal-Weight’, setting a target price of $7 on the company’s shares in an initiating report dated April 26, 2023. Needham Initiated an Buy rating on June 08, 2022, and assigned a price target of $9. Goldman initiated its ‘Neutral’ rating for IONQ, as published in its report on November 22, 2021.
Analysis of IonQ Inc (IONQ)
Further, the quarter-over-quarter increase in sales is 102.09%, showing a positive trend in the upcoming months.
One of the most important indicators of IonQ Inc’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of -36.73% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 11.68, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and IONQ is recording 25.70M average volume. On a monthly basis, the volatility of the stock is set at 14.85%, whereas on a weekly basis, it is put at 10.88%, with a loss of -0.97% over the past seven days. Furthermore, long-term investors anticipate a median target price of $38.57, showing decline from the present price of $47.77, which can serve as yet another indication of whether IONQ is worth investing in or should be passed over.
How Do You Analyze IonQ Inc Shares?
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 13.72%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 35.14% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
IONQ shares are owned by institutional investors to the tune of 35.14% at present.
