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Sunday, December 3, 2023

Momentum Is Strong For IonQ Inc (NYSE: IONQ)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for IonQ Inc (IONQ) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.10, or 0.78%, to $12.95. The IonQ Inc has recorded 71,313 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed IonQ Announces Third Quarter 2023 Financial Results.

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Stocks Info

This NYSE-listed company operates within the Computer Hardware industry segment, falling under the Technology sector. At the end of the last regular session, the stock closed at $12.85 and fluctuated between $13.29 as its day high and $12.75 as its day low. The current market capitalization of IonQ Inc is $2.63B. A total of 5.96 million shares were traded on the day, compared to an average of 10.90M shares.

In the most recent transaction, Monroe Christopher sold 200,000 shares of IONQ for 10.75 per share on Jun 01. After the transaction, the Chief Scientist now owns 2,056,254 company shares. In a previous transaction on May 25, Chapman Peter Hume sold 11,726 shares at 10.52 per share. IONQ shares that President and CEO owns now total 495,900.

Among the insiders who sold shares, Babinski Laurie A. disposed of 7,884 shares on May 25 at a per-share price of $10.52. This resulted in the General Counsel and Secretary holding 246,889 shares of IONQ after the transaction. In another insider transaction, Kramer Thomas G. sold 4,923 shares at $10.52 per share on May 25. Company shares held by the Chief Financial Officer now total 839,903.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for IONQ in the last 3 months, the mean price target is $16.00 with high estimates of $21.00 and low estimates of $12.00. In terms of 52-week highs and lows, IONQ has a high of $21.60 and a low of $3.04.

As of this writing, IONQ has an earnings estimate of -$0.2 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of -$0.17 per share and a lower estimate of -$0.22. The company reported an EPS of -$0.22 in the last quarter, which was -69.20% lower than expectations of -$0.13.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. IONQ’s latest balance sheet shows that the firm has $522.47M in Cash & Short Term Investments as of fiscal 2021. There were $4.21M in debt and $9.69M in liabilities at the time. Its Book Value Per Share was $2.44, while its Total Shareholder’s Equity was $591.23M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for IONQ is Buy with a score of 3.83.

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