Canon (OTCMKTS:CAJPY) & IonQ (NYSE:IONQ) Financial Survey

Canon (OTCMKTS:CAJPY – Get Free Report) and IonQ (NYSE:IONQ – Get Free Report) are both large-cap technology companies, but which is the superior stock? We will compare the two companies based on the strength of their risk, profitability, earnings, analyst recommendations, institutional ownership, dividends and valuation.

Institutional & Insider Ownership

41.4% of IonQ shares are held by institutional investors. 0.0% of Canon shares are held by insiders. Comparatively, 0.6% of IonQ shares are held by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company is poised for long-term growth.

Risk & Volatility

Canon has a beta of 0.6, suggesting that its share price is 40% less volatile than the S&P 500. Comparatively, IonQ has a beta of 3.32, suggesting that its share price is 232% more volatile than the S&P 500.

Analyst Recommendations

This is a summary of current recommendations and price targets for Canon and IonQ, as provided by MarketBeat.com.

IonQ has a consensus price target of $64.23, indicating a potential upside of 148.71%. Given IonQ’s stronger consensus rating and higher probable upside, analysts clearly believe IonQ is more favorable than Canon.

Profitability

This table compares Canon and IonQ’s net margins, return on equity and return on assets.

Valuation and Earnings

This table compares Canon and IonQ”s top-line revenue, earnings per share (EPS) and valuation.

Canon has higher revenue and earnings than IonQ. IonQ is trading at a lower price-to-earnings ratio than Canon, indicating that it is currently the more affordable of the two stocks.

About Canon

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Canon Inc., together with its subsidiaries, manufactures and sells office multifunction devices (MFDs), plain paper copying machines, laser and inkjet printers, cameras, diagnostic equipment, and lithography equipment. The company operates through four segments: Printing Business Unit, Imaging Business Unit, Medical Business Unit, and Industrial and Others Business Unit. The Printing Business Unit segment offers office MFDs, document solutions, laser multifunction printers, laser printers, inkjet printers, image scanners, calculators, digital continuous feed presses, digital sheet-fed presses, and large format printers. The Imaging Business Unit segment provides interchangeable-lens digital cameras, digital compact cameras, interchangeable lenses, compact photo printers, network cameras, video management and video content analytics software, digital camcorders, digital cinema cameras, broadcast equipment, and multimedia projectors. The Medical System Business Unit segment offers computed tomography systems, diagnostic ultrasound systems, diagnostic X-ray systems, magnetic resonance imaging systems, clinical chemistry analyzers, digital radiography systems, and ophthalmic equipment. The Industry and Others Business Unit segment provides semiconductor lithography equipment, flat panel display lithography equipment, vacuum thin-film deposition equipment, organic light-emitting diode display manufacturing equipment, die bonders, handy terminals, and document scanners. The company also provides maintenance services; and supplies replacement drums, parts, toners, and papers. It sells its products under the Canon brand through subsidiaries or independent distributors to dealers and retail outlets, as well as directly to end-users globally. Canon Inc. was founded in 1933 and is headquartered in Tokyo, Japan.

About IonQ

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IonQ, Inc. engages in the development of general-purpose quantum computing systems in the United States. It sells access to quantum computers of various qubit capacities. The company makes access to its quantum computers through cloud platforms, such as Amazon Web Services (AWS) Amazon Braket, Microsoft’s Azure Quantum, and Google’s Cloud Marketplace, as well as through its cloud service. It also provides contracts associated with the design, development, and construction of specialized quantum computing hardware systems; maintenance and support services; and consulting services related to co-developing algorithms on quantum computing systems. The company was founded in 2015 and is headquartered in College Park, Maryland.