IonQ Inc. [IONQ] Is Currently -4.42 below its 200 Period Moving Avg: What Does This Mean?
IonQ Inc. [NYSE: IONQ] It traded at the lowest level on 22/09/22, recording a loss of -4.42 after which it closed the day’s session at $4.97. Company report on September 19, 2022 That IonQ to participate in the IEEE International Conference on Quantum Computing and Engineering (QCE22).
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Christopher Munro Co-Founder and Chief Scientist hosts the keynote on opening day.
IonQ executives and researchers will run workshops and quantitative panels during the remainder of IEEE Quantum Week 2022.
The results of the trading session contributed to the trading of more than 2762895 shares. Over the past week, IonQ Inc’s price volatility was 5.84% while volatility over the past month was 6.72%.
IONQ’s stock has a market capitalization of $1.04 billion, with 197.21 million shares outstanding and 170.05 million shares in current float. Compared to an average trading volume of 3.49 million shares, IONQ had a trading volume of 2,762,895 on its last trading day, which is why market watchers consider the stock to be active.
What Top Market Experts Say About IonQ Inc. [IONQ]?
Based on careful, fact-backed analyzes by Wall Street experts, the current consensus on IONQ’s stock price target is $10.80 per share. Target price analysis and stock performance are usually carefully studied by market experts, and the current Wall Street consensus for IONQ stock is a set recommendation at 2.20. This rating represents a strong buy recommendation, on a scale of 1 to 5, where 5 means strong sell, 4 represents sell, 3 represents hold, and 2 indicates buy.
Needham made an appreciation for the shares of IonQ Inc. , retaining their opinion of the stock as Buy, with their previous recommendation back on June 08, 2022. While these analysts kept the previous recommendation, Goldman raised the target price to Neutral. The new note about price target was released on November 22, 2021, which is the official target price for IonQ Inc.’s stock.
The Average True Range (ATR) is set by IonQ Inc. at 0.46, with IONQ’s price-to-sales ratio for the past 12-month period at 162.30. The price-to-book ratio for the last quarter was 1.65, with the price-to-cash-to-cash ratio for the same quarter set at 2.03.
How has IONQ’s stock been performing lately?
IonQ Inc. [IONQ] It fell into the red at the end of last week, fell in a negative direction and fell by -13.72. With this latest performance, IONQ shares are down -22.71% over the past four-week period, as well as -65.00% over the past six months — not to mention a -50.25% drop in the last year of trading.
Overbought and oversold stocks can be easily tracked by the Relative Strength Index (RSI), where an RSI result of over 70 is overbought, and any price below 30 indicates oversold conditions. The RSI of 50 represents neutral momentum in the market. The current RSI for IONQ stock for the past two weeks was set at 37.86, with the RSI for the last one trading at 31.29, and the three-week RSI for IonQ Inc. [IONQ]. The current moving average of the last 50 trading days for this stock is 5.77, while it recorded at 5.26 for the last trading week, and 9.57 for the last 200 days.
IonQ Inc. [IONQ]: A deeper look into the basics
When it comes to the capital structure of this company, IonQ Inc. [IONQ] It has a total debt to total equity ratio set at 0.01. Additionally, IONQ’s total debt to total capital was recorded at 0.01, with total debt to total assets ending at 0.01.
Reflecting on the efficiency of the company’s workforce, IonQ Inc. [IONQ] It managed to generate an average of – $8,107,299 per employee. The liquidity data of IonQ Inc. Interesting too, with a quick ratio of 30.10 and a current ratio set at 30.10.
Earnings Analysis for IonQ Inc. [IONQ]
The company’s progress can be seen through the prism of the EPS growth rate, while Wall Street analysts focus on a 5-year EPS growth forecast for IONQ. When it comes to the stated value, analysts expect IonQ Inc.’s 5-year EPS growth rate to rise. to 20.00%.
Insider Trade Positions for IonQ Inc. [IONQ]
There are currently approximately $462 million, or 47.30% of IONQ’s stock, in the hands of institutional investors. The three largest corporate owners of IONQ stock are: NEA MANAGEMENT COMPANY, LLC with ownership of 26,350,067, which is approximately -10% of the company’s market capitalization and approximately 8.20% of the total corporate ownership; VANGUARD GROUP INC, which owns 12,597,710 shares with an approximate value of $62.61 million in IONQ stock; and BLACKROCK INC. , currently with $38.81 million in IONQ shares with ownership of approximately 390.985% of the company’s market capitalization.
Positions in IonQ Inc shares increased. held by institutional investors at the end of August and at the time of the August report, as 87 institutional owners consolidated their positions in IonQ Inc. [NYSE:IONQ] About 28,093,284 shares. In addition, the number of 45 investors decreased by 8,211,020 shares, while 27 investors held positions with 56,594,986 shares. The said changes put institutional holdings at 9,289,290 shares, according to the latest report from the Securities and Exchange Commission. IONQ shares had 50 new institutional investors for a total of 5,853,536 shares, while 21 institutional investors sold positions worth 2,186,662 shares during the same period.