IonQ Inc. [IONQ] moved down -9.03: Why It’s Important

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IonQ Inc. [NYSE: IONQ] slipped around -0.71 points on Tuesday, while shares priced at $7.15 at the close of the session, down -9.03%. The company report on April 25, 2022 that IonQ to Report First Quarter 2022 Financial Results on May 16, 2022.

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IonQ (NYSE: IONQ), a leader in quantum computing, today announced that the Company will release its first quarter 2022 financial results on Monday, May 16, 2022 after the financial markets close.

IonQ will host a conference call that same day to discuss its results and business outlook at 4:30 p.m. Eastern time. The call will be accessible by telephone at 877-407-4018 (domestic) or 201-689-8471 (international) using passcode 13729163. The call will also be available live via webcast on the Company’s website here, or directly here.

IonQ Inc. stock is now -57.19% down from its year-to-date (YTD) trading value. IONQ Stock saw the intraday high of $7.80 and lowest of $6.89 per share. The company’s 52-week high price is 35.90, which means current price is +3.77% above from all time high which was touched on 01/04/22.

Compared to the average trading volume of 3.83M shares, IONQ reached a trading volume of 17026399 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]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for IONQ shares is $22.25 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on IONQ stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

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 0.81, with the Price to Sales ratio for IONQ stock in the period of the last 12 months amounting to 710.68. The Price to Book ratio for the last quarter was 2.32, with the Price to Cash per share for the same quarter was set at 2.50.

How has IONQ stock performed recently?

IonQ Inc. [IONQ] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -11.73. With this latest performance, IONQ shares dropped by -45.00% in over the last four-week period, additionally sinking by -54.34% over the last 6 months – not to mention a drop of -32.74% in the past year of trading.

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 23.04, with the RSI for the last a single of trading hit 16.04, and the three-weeks RSI is set at 29.07 for IonQ Inc. [IONQ]. The present Moving Average for the last 50 days of trading for this stock 12.08, while it was recorded at 7.88 for the last single week of trading, and 13.26 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 54.70 and a Current Ratio set at 54.70.

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%.

Insider trade positions for IonQ Inc. [IONQ]

There are presently around $600 million, or 39.10% of IONQ stock, in the hands of institutional investors. The top three institutional holders of IONQ stocks are: NEA MANAGEMENT COMPANY, LLC with ownership of 29,229,659, which is approximately New of the company’s market cap and around 4.60% of the total institutional ownership; SB GLOBAL ADVISERS LTD, holding 6,138,729 shares of the stock with an approximate value of $48.25 million in IONQ stocks shares; and OUP MANAGEMENT CO., LLC, currently with $32.6 million in IONQ stock with ownership of nearly New of the company’s market capitalization.

Positions in IonQ Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 75 institutional holders increased their position in IonQ Inc. [NYSE:IONQ] by around 71,573,107 shares. Additionally, 41 investors decreased positions by around 17,788,251 shares, while 10 investors held positions by with 13,007,820 shares. The mentioned changes placed institutional holdings at 76,353,538 shares, according to the latest SEC report filing. IONQ stock had 62 new institutional investments in for a total of 70,297,027 shares, while 29 institutional investors sold positions of 8,699,594 shares during the same period.