Down 40% From its All-Time High, Is Now the Perfect Opportunity to Load Up on This Quantum Computing Leader?
IonQ stock is a long way from setting new highs again.
Overview
IonQ (NYSE: IONQ) is a fairly risky and volatile stock, as investors don't quite know what to think of it. It's an early-stage pure-play quantum computing company that is far from sustainable as a business right now.
It's actively working on improving its quantum computing solution to the point where it will be commercially viable. However, it's not there yet. As a result, the stock often rises and falls based primarily on the market's changing risk appetite. Currently, we're in a falling cycle, and the stock is down by around 40% from the all-time high it touched in October.
Details
That's a pretty deep discount from where it was trading, but is it a bargain buying opportunity, or was that move just an accurate repricing of a risky stock?
Source
Originally published at www.fool.com.