For IonQ Inc. [IONQ], Analyst sees a rise to $28. What next?


IonQ Inc. [NYSE: IONQ] closed the trading session at $4.86 on 05/16/22. The day’s price range saw the stock hit a low of $4.82, while the highest price level was $5.34. The company report on May 16, 2022 that IonQ Announces First Quarter 2022 Financial Results.

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Revenue of $2.0 million.

The stocks have a year to date performance of -70.90 percent and weekly performance of -4.33 percent. The stock has been moved at -75.88 percent over the last six months. The stock has performed -54.41 percent around the most recent 30 days and changed -70.62 percent over the most recent 3-months.

If compared to the average trading volume of 4.57M shares, IONQ reached to a volume of 5985188 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to 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 $19.25 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 0.76, with the Price to Sales ratio for IONQ stock in the period of the last 12 months amounting to 418.75. The Price to Book ratio for the last quarter was 1.58, with the Price to Cash per share for the same quarter was set at 2.89.

IONQ stock trade performance evaluation

IonQ Inc. [IONQ] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.33. With this latest performance, IONQ shares dropped by -54.41% in over the last four-week period, additionally sinking by -75.88% over the last 6 months – not to mention a drop of -51.40% 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 25.72, with the RSI for the last a single of trading hit 25.60, and the three-weeks RSI is set at 28.42 for IonQ Inc. [IONQ]. The present Moving Average for the last 50 days of trading for this stock 10.46, while it was recorded at 4.81 for the last single week of trading, and 13.05 for the last 200 days.

IonQ Inc. [IONQ]: An insightful look at the core 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 per share (EPS) analysis for IonQ Inc. [IONQ] stock

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%.

IonQ Inc. [IONQ]: Insider Ownership positions

There are presently around $377 million, or 38.10% 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 29,277,852, which is approximately 0.165% of the company’s market cap and around 0.80% of the total institutional ownership; SB GLOBAL ADVISERS LTD, holding 6,138,729 shares of the stock with an approximate value of $31.92 million in IONQ stocks shares; and ACME, LLC, currently with $20.13 million in IONQ stock with ownership of nearly 0% 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 55 institutional holders increased their position in IonQ Inc. [NYSE:IONQ] by around 3,665,483 shares. Additionally, 46 investors decreased positions by around 11,770,818 shares, while 27 investors held positions by with 57,004,723 shares. The mentioned changes placed institutional holdings at 72,441,024 shares, according to the latest SEC report filing. IONQ stock had 29 new institutional investments in for a total of 1,491,167 shares, while 19 institutional investors sold positions of 1,666,190 shares during the same period.