In recent trading session, IonQ Inc. (NYSE:IONQ) saw 0.43 million shares changing hands at last check today with its beta currently measuring 0. Company’s recent per share price level of $4.96 trading at -$0.02 or -0.40% at last check today assigns it a market valuation of $993.76M. That most recent trading price of IONQ’s stock is at a discount of -444.35% from its 52-week high price of $27.00 and is indicating a premium of 16.13% from its 52-week low price of $4.16. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 3.54 million shares which gives us an average trading volume of 2.73 million if we extend that period to 3-months.
For IonQ Inc. (IONQ), analysts’ consensus is at an average recommendation of a Buy while assigning it a mean rating of 2.20. Splitting up the data highlights that, out of 5 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 4 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.12 in the current quarter.
IonQ Inc. (NYSE:IONQ) trade information
Upright in the red during last session for losing -0.40%, in the last five days IONQ remained trading in the red while hitting it’s week-highest on Friday, 11/18/22 when the stock touched $4.96 price level, adding 2.17% to its value on the day. IonQ Inc.’s shares saw a change of -70.18% in year-to-date performance and have moved -5.14% in past 5-day. IonQ Inc. (NYSE:IONQ) showed a performance of -7.78% in past 30-days. Number of shares sold short was 23.12 million shares which calculate 9.05 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $8.80 to the stock, which implies a rise of 43.64% to its recent value today. Analysts have been projecting $5.99 as a low price target for the stock while placing it at a high target of $12.00. It follows that stock’s current price would drop -141.94% in reaching the projected high whereas dropping to the targeted low would mean a loss of -20.77% for stock’s current value.
IonQ Inc. (IONQ) estimates and forecasts
The company is estimating its revenue growth to decrease by -100.00% in the current quarter and calculating -550.00% decrease in the next quarter. This year revenue growth is estimated to rise 400.20% from the last financial year’s standing.
4 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $3.22 million for the same. And 4 analysts are in estimates of company making revenue of $3.65 million in the next quarter that will end on Mar 2023. Company posted $1.65 million and $1.95 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 95.40% while estimating it to be 86.90% for the next quarter.
In 2022, company’s earnings growth rate is likely to be around -76.80% while estimates for its earnings growth in next 5 years are of 20.00%.
IonQ Inc. is more likely to be releasing its next quarterly report on November 14 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
IonQ Inc. (NYSE:IONQ)’s Major holders
Insiders are in possession of 12.30% of company’s total shares while institution are holding 34.80 percent of that, with stock having share float percentage of 39.68%. Investors also watch the number of corporate investors in a company very closely, which is 34.80% institutions for IonQ Inc. that are currently holding shares of the company. NEA Management Company, LLC is the top institutional holder at IONQ for having 26.35 million shares of worth $130.96 million. And as of Sep 29, 2022, it was holding 13.23% of the company’s outstanding shares.
The second largest institutional holder is Vanguard Group, Inc. (The), which was holding about 13.64 million shares on Sep 29, 2022. The number of shares represents firm’s hold over 6.84% of outstanding shares, having a total worth of $67.77 million.
On the other hand, Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund are the top two Mutual Funds which own company’s shares. As of Jun 29, 2022, the former fund manager was holding 4.08 million shares of worth $20.26 million or 2.05% of the total outstanding shares. The later fund manager was in possession of 3.5 million shares on Jun 29, 2022, making its stake of worth around $17.39 million in the company or a holder of 1.76% of company’s stock.