IonQ Is Worth $13 Billion and Sits 58% Below Its High. Here's What Has to Go Right.
The stock's triple-digit growth is impressive -- but the valuation asks for years more of it.
Overview
IonQ (NYSE: IONQ) closed Thursday at $35.77, up almost 12% in a single session as quantum computing stocks rallied. Even after that jump, shares of the quantum computing specialist sit about 58% below their 52-week high of $84.64. And yet the company still carries a market capitalization of $13.35 billion.
So the stock manages to look beaten down and expensive at the same time. Here's a closer look at what has to go right for today's price to work out.
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Originally published at www.fool.com.
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