How to Buy Ionq Stock
Ionq Inc
Ionq is a computer hardware company located in Maryland, United States, which is part of the Technology sector, and is traded under the ticker IONQ on the NYSE exchange.
Ionq stock last closed at $8.18, down 0.24% from the previous day, and has increased 48.46% in one year. It has underperformed other stocks in the Computer Hardware industry by 1.02 percentage points. Ionq stock is currently +54.63% from its 52-week low of $5.29, and -62.13% from its 52-week high of $21.60.
As of Apr 25, 2024, there are 208.23M IONQ shares outstanding. The market capitalization of IONQ is $1.70B. In the past 24 hours, 3.37M IONQ shares were traded.
How to Buy Ionq Stock
Not sure how to invest in Ionq stock? Here's how.
- Choose where to buy Ionq stock: You need to decide on a stock brokerage, but don't worry - we've analyzed dozens of online brokerages and apps to help you choose where to buy Ionq stock.
- Sign up for a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Put funds into your brokerage account: Pick your payment method and add your information.
- Research Ionq stock: The Ionq ticker symbol is IONQ. Is Ionq stock a good investment? Should you buy shares of IONQ? How do IONQ's underlying business fundamentals look? Do top analysts think Ionq is a good buy? Why has IONQ's stock price moved recently? (Hint: Our stock market analysis website can help you decide if IONQ is a good stock to buy).
- Execute your IONQ buy order: Decide if you will purchase IONQ shares at the current market price or use a limit order to buy IONQ stock at a particular price.
- Keep an eye on your IONQ position: Create a watchlist to the latest updates on your new investment in Ionq shares.
Step 1: Choose where to buy Ionq stock
You will need an online brokerage account to access the NYSE market and buy IONQ shares.
Our favorite brokerage: eToro
Based on our analysis, eToro is the best brokerage. Here's why:
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Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've chosen your brokerage, the next step is to fill out some personal information so you are able to buy IONQ stock today.
How to Open a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal details to open your new trading account.
- Send your application by hitting the "Create Account" button. Get started with eToro today
Step 3: Put funds into your brokerage account
Now that you've opened your account on the best stock broker app, your next step is to transfer the money for your investment:
Watch this video walkthrough if you need help transferring funds into your new brokerage account.
Step 4: Research Ionq stock
After you have decided on the best place to buy Ionq stock, it's very important to analyze their stock before you invest, so you actually comprehend the risk and opportunity.
Ionq Numbers
IONQ Due Diligence Checks
WallStreetZen was created to help average investors do more in-depth fundamental analysis quickly.
You can view all of the due diligence checks on IONQ's stock page.
How is IONQ stock valued?
Analysts use many financial metrics, analyses, models, and charts to gauge IONQ's fair value.
Using relative valuations methods:
- IONQ may be undervalued based on its P/B ratio of 3.51x, relative to Computer Hardware industry P/B ratio of 13.58x
You can do additional valuation research on IONQ's stock here.
IONQ Financial Summary
Pros:
- There are more short-term assets than long-term liabilities on the IONQ balance sheet.
- There are more short-term assets than short-term liabilities on the IONQ balance sheet.
- IONQ has $355.44M in cash and short term investments. This is sufficient to cover its annual cash burn of $97.07M.
- IONQ has a low debt to equity ratio of 0.14.
- IONQ has cash burn of 97072000. It has enough cash and short-term investments to cover this for at least one year.
Cons:
- IONQ profit margin has gone down from -435.8% to -715.8% in the past year.
Do Wall Street analysts think it's a good time to buy IONQ stock
Out of 2 Equities analysts who give forecasts on IONQ, the consensus analyst rating on IONQ is a Buy
It's important to note that analyst forecasts are not stock recommendations, nor are they financial advice.
You can dive deeper into what analysts are saying on the Ionq stock forecast page.
Metrics for Advanced IONQ Traders
IONQ Performance Metrics
Last year, IONQ revenue was $22.04M. During the last 4 year, IONQ's revenue has grown by 224.01% per year. This was faster than the Computer Hardware industry average of 9.15%.
You can analyze IONQ's earnings and revenue performance here.
Who is buying/selling IONQ?
In the past 12 months, insiders at IONQ have sold more shares than they have bought.
Rima Alameddine, CHIEF REVENUE OFFICER of IONQ, was the latest IONQ insider to sell. They sold $277,453.55 worth of IONQ stock on Mar 11, 2024.
Dig into more about who owns IONQ stock here.
Does IONQ stock generate passive income?
No, Ionq doesn't provide an income stream by paying out dividends.
What do other investors have to say about IONQ?
One of the reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to learn what other traders have to say.
Step 5: Execute your IONQ buy order
You have two primary options:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are usually fine for most investors. - Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at a given price, use a limit order.
Press the Open Trade button and your broker will execute your order.
If you want additional assistance buying stocks on eToro, watch the how to video below:
Step 6: Keep an eye on your IONQ position
Now that you own some IONQ shares, you'll want to keep up with your company.
Start a watchlist to get notified of the latest news about your IONQ stock.
IONQ Feed
How to Buy Stock in Ionq
To summarize, here are the 6 steps to buy stock in Ionq:
- Choose where to buy Ionq stock
- Sign up for a brokerage account
- Put funds into your brokerage account
- Research Ionq stock
- Execute your IONQ buy order
- Keep an eye on your IONQ position
If you need a place to buy stocks, eToro is our favorite option.
Get Started with eToro TodayIf you would like to track your investment in Ionq, create a watchlist today.
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