Ionq is UNDERVALUED at 16.37 per share with modest projections ahead.
Ionq Inc holds Efficiency (Sharpe) Ratio of -0.0562, which attests that the entity had -0.0562% of return per unit of risk over the last 3 months. Macroaxis standpoint towards determining the risk of any stock is to look at both systematic and unsystematic factors of the business, including all available market data and
technical indicators. Ionq Inc exposes twenty-one different
technical indicators, which can help you to evaluate volatility that cannot be
diversified away. Please be advised to check out Ionq
risk adjusted performance of
(0.015207), and Market Risk Adjusted Performance of
(0.06) to validate the risk estimate we provide.
Typically, a company's
financial statements are the reports that show the
financial position of the company. There are three main documents that fall into the category of financial statements. These documents include IONQ income statement, its balance sheet, and the statement of cash flows. Potential IONQ investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although IONQ investors may use each financial statement separately, they are all related. The changes in IONQ's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on IONQ's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. Please read more on our
technical analysis and
fundamental analysis pages.
The goal of IONQ
fundamental analysis is to do accurate financial forecasts. There are several possible objectives to fundamental analysis, such as projecting of IONQ performance into the future periods or doing a reasonable stock valuation. The intrinsic value of IONQ shares is the value that is considered the true value of the share. If
the intrinsic value of IONQ is higher than its market price, buying is generally recommended. If it is equal to the market price, it is recommended to hold; and if it is less than the market price, then one should sell all shares IONQ. Please read more on our
fundamental analysis page.
How effective is IONQ in utilizing its assets?
IONQ Inc reports assets on its Balance Sheet. It represents the amount of IONQ resources that either has an existing economic value or will provide some form of benefits in the future. By effectively utilizing its assets, IONQ aims to generate revenue, control costs, drive operational efficiency, and enhance profitability. Optimizing asset utilization helps maximize shareholder value and maintain a competitive position in the Technology Hardware, Storage & Peripherals space. To get a better handle on how balance sheet or income statements item affect IONQ volatility, please check the breakdown of all its
fundamentals.
Are IONQ Earnings Expected to grow?
The
future earnings power of IONQ involves the interaction of many company-specific, industry, and economic forces. Earnings estimates embody investors' opinions of IONQ factors such as sales growth, product demand, competitive industry environment, profit margins, and cost controls. IONQ
stock prices adjust as these expectations change or are proven wrong. The main thing to remember is that equities with high expected earnings growth tend to underperform the market because it is usually difficult to meet the market's high expectations. Companies with low earnings expectations tend to do better than expected. Please use our latest analysis of IONQ
expected earnings.
IONQ Gross Profit
IONQ Gross Profit growth is one of the most critical measures in evaluating the company. The Gross Profit growth rate is calculated simply by comparing IONQ previous period's values with its current period's values. Each time period you're measuring should be of equal lengths the increase or decrease, in a company's Gross Profit between two periods. Here we show IONQ Gross Profit growth over the last 10 years. Please check IONQ's
gross profit and other
fundamental indicators for more details.
Breaking it down a bit more
Although in the United States, the Securities and Exchange Commission has enforced strong rules to prevent insiders from engaging in insider trading, finding insiders among active shareholders of Ionq is not uncomon. Institutional investors typically avoid acquiring a high percentage of Ionq stocks because performing such an act may violate securities laws. They are usually not investing their own money, but rather making investments on behalf of their clients. Let's take a look at how the ownership of Ionq is distributed among investors.
Ownership Allocation
Ionq secures a total of 192.49 Million outstanding shares. Ionq secures significant amount of outstanding shares owned by
insiders. An
insider is usually defined as a CEO, other corporate executive, director, or
institutional investor who own at least 10% of the company outstanding shares. Since such a large part of the company is owned by insiders, it is advisable to analyze if each of these insiders have been buying or selling the stock in recent months. Remember, it does not matter who owns the company or if the company is currently
losing money. If the true value of the company is more than the market pays for it currently, you can still have a good investment opportunity.
| Retail Investors36.3% | Insiders23.81% | Institutions39.89% |
| Retail Investors | 36.3 |
| Insiders | 23.81 |
| Institutions | 39.89 |
Asset Utilization
The concept of asset utilization usually refers to the revenue earned for every dollar of assets a company currently reports. The recent return on assets of Ionq suggests not a very effective usage of assets in March.
| Current Assets39.1 M | Assets Non Current21 M | |
| Current Assets | 39.12 Million | 62.18 |
| Assets Non Current | 21.02 Million | 33.41 |
| Goodwill | 2.77 Million | 4.41 |
Will Ionq insiders go nuts after another decline?
The maximum drawdown is down to 23.37 as of today. Ionq Inc exhibits very low volatility with skewness of 0.59 and kurtosis of -0.17. However, we advise investors to further study Ionq Inc technical indicators to make sure all market info is available and is reliable. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Ionq's stock risk against market volatility during both bullying and bearish trends. The higher level of volatility that comes with bear markets can directly impact Ionq's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different stocks as prices fall.
Ionq Implied Volatility
Ionq's implied volatility exposes the market's sentiment of Ionq Inc stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Ionq's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Ionq stock will not fluctuate a lot when Ionq's options are near their expiration.
Our Conclusion on Ionq
Although some other companies in the computer hardware industry are either recovering or due for a correction, Ionq may not be as strong as the others in terms of longer-term growth potentials. To conclude, as of the 27th of March 2022, our analysis shows that Ionq hyperactively responds to market trends. The firm is
undervalued and projects
quite high probability of distress for the next 2 years. Our present 90 days advice on the firm is
Hold.
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Vlad Skutelnik is a Macroaxis Contributor. Vlad covers stocks, funds, cryptocurrencies, and ETFs that are traded in North America, focusing primarily on fundamentals, valuation and market volatility. He has many years of experience in fintech, predictive investment analytics, and risk management.
View Profile This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Vlad Skutelnik do not own shares of IONQ Inc. Please refer to our
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