Is It Too Late to Buy IonQ Stock?

Shares of IonQ (IONQ 0.26%) have gained 184% over the last year. The stock trades at an eye-watering 119 times sales; I can't talk about profit-based valuation ratios because the quantum computing specialist isn't profitable.So it's fair to ask if it might already be too late to buy IonQ stock. I would argue that it's way too early, actually. Let me explain what I mean.IonQ's soaring valuationIn the context of IonQ's recent stock surge, a closer look reveals a valuation that might be more of a mirage than a ...