IONQ Shares Surge 164.6% Year to Date: Time to Sell the Stock?
IonQ(IONQ) ZACKS·2024-12-04 16:10
Despite IonQ's (IONQ) impressive 164.6% year-to-date rally, outperforming the Zacks Computer and Technology sector’s return of 29.8%, mounting concerns about the quantum computing company's financial sustainability and valuation suggest investors should consider taking profits. While the company's recent third-quarter results showed promising revenue growth, reaching $12.4 million and exceeding guidance, deeper analysis reveals concerning fundamentals that could spell trouble ahead. The company's net loss w ...