IonQ Inc. [IONQ] Is Currently -6.72 below its 200 Period Moving Avg: What Does This Mean?


IonQ Inc. [NYSE: IONQ] traded at a low on 12/28/21, posting a -6.72 loss after which it closed the day’ session at $17.07. The company report on December 15, 2021 that IonQ Appoints Inder M. Singh, Chief Financial Officer of Arm, to Board of Directors.

Board appointment comes alongside two new senior leadership hires as IonQ continues expanding roster of world-class talent.

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IonQ, Inc. (“IonQ”) (NYSE: IONQ), a leader in trapped-ion quantum computing, today announced the appointment of Inder M. Singh to the IonQ Board of Directors. Singh is the EVP and CFO of Arm, where he leads the global finance organization as well as corporate IT operations, procurement and enterprise security teams.

The results of the trading session contributed to over 3886597 shares changing hands. Over the past one week, the price volatility of IonQ Inc. stands at 8.53% while the volatility over the past one month is 12.63%.

The market cap for IONQ stock reached $3.09 billion, with 120.61 million shares outstanding. Compared to the average trading volume of 6.75M shares, IONQ reached a trading volume of 3886597 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about IonQ Inc. [IONQ]?

Goldman have made an estimate for IonQ Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on November 22, 2021.

The Average True Range (ATR) for IonQ Inc. is set at 2.59, with the Price to Sales ratio for IONQ stock in the period of the last 12 months amounting to 6188.90. The Price to Book ratio for the last quarter was 3.69, with the Price to Cash per share for the same quarter was set at 3.24.

How has IONQ stock performed recently?

IonQ Inc. [IONQ] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 11.71. With this latest performance, IONQ shares dropped by -29.40% in over the last four-week period, additionally plugging by 61.80% over the last 6 months .

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for IONQ stock in for the last two-week period is set at 46.00, with the RSI for the last a single of trading hit 44.81, and the three-weeks RSI is set at 47.84 for IonQ Inc. [IONQ]. The present Moving Average for the last 50 days of trading for this stock 18.41, while it was recorded at 17.25 for the last single week of trading, and 12.22 for the last 200 days.

IonQ Inc. [IONQ]: Deeper insight into the fundamentals

When it comes to the capital structure of this company, IonQ Inc. [IONQ] has a Total Debt to Total Equity ratio set at 0.01. Additionally, IONQ Total Debt to Total Capital is recorded at 0.01, with Total Debt to Total Assets ending up at 0.01.

Reflecting on the efficiency of the workforce at the company, IonQ Inc. [IONQ] managed to generate an average of -$8,107,299 per employee.IonQ Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 54.00 and a Current Ratio set at 54.00.

Earnings analysis for IonQ Inc. [IONQ]

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for IONQ. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for IonQ Inc. go to 20.00%.

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Insider trade positions for IonQ Inc. [IONQ]

There are presently around $439 million, or 28.70% of IONQ stock, in the hands of institutional investors. The top three institutional holders of IONQ stocks are: FMR LLC with ownership of 8,137,133, which is approximately 794.408% of the company’s market cap and around 26.30% of the total institutional ownership; LEVIN CAPITAL STRATEGIES, L.P., holding 2,000,005 shares of the stock with an approximate value of $36.6 million in IONQ stocks shares; and MILLENNIUM MANAGEMENT LLC, currently with $27.83 million in IONQ stock with ownership of nearly -3.58% of the company’s market capitalization.

Positions in IonQ Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 37 institutional holders increased their position in IonQ Inc. [NYSE:IONQ] by around 14,780,429 shares. Additionally, 44 investors decreased positions by around 9,365,033 shares, while 4 investors held positions by with 161,766 shares. The mentioned changes placed institutional holdings at 23,983,696 shares, according to the latest SEC report filing. IONQ stock had 24 new institutional investments in for a total of 4,406,701 shares, while 31 institutional investors sold positions of 6,382,583 shares during the same period.