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IonQ Inc. (NYSE: IONQ) Has Succeeded In Gaining Momentum In 2023, The Stock Is Up 39.42% YTD

IonQ Inc. (NYSE:IONQ)’s traded shares stood at 0.67 million during the last session. At the last check today, the stock’s price was $4.81, to imply an increase of 0.84% or $0.04 in intraday trading. The IONQ share’s 52-week high remains $15.44, putting it -221.0% down since that peak but still an impressive 36.8% since price per share fell to its 52-week low of $3.04. The company has a valuation of $1.01B, with an average of 2.69 million shares in intraday trading volume over the past 10 days and average of 3.26 million shares over the past 3 months.

IonQ Inc. (NYSE:IONQ) trade information

After registering a 0.84% upside in the latest session, IonQ Inc. (IONQ) has traded red over the past five days. The stock hit a weekly high of 4.93 this Wednesday, 03/15/23, jumping 0.84% in its intraday price action. The 5-day price performance for the stock is -0.41%, and -3.61% over 30 days. With these gigs, the year-to-date price performance is 39.42%. Short interest in IonQ Inc. (NYSE:IONQ) saw shorts transact 17.6 million shares and set a 6.53 days time to cover.

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IonQ Inc. (IONQ) estimates and forecasts

Revenue is forecast to shrink -100.00% this quarter before falling -550.00% for the next one. The rating firms project that company’s revenue will grow 400.20% compared to the previous financial year.

Revenue forecast for the current quarter as set by 4 analysts is $3.22 million. Meanwhile, for the quarter ending Mar 2023, a total of 4 analyst(s) estimate revenue growth to $3.65 million.Earnings reports from the last fiscal year show that sales brought in $1.65 million and $1.95 million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 95.40% before jumping 86.90% in the following quarter.

IONQ Dividends

IonQ Inc. has its next earnings report out between March 27 and March 31. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. IonQ Inc. has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.

IonQ Inc. (NYSE:IONQ)’s Major holders

IonQ Inc. insiders hold 12.66% of total outstanding shares, with institutional holders owning 36.16% of the shares at 41.40% float percentage. In total, 36.16% institutions holds shares in the company, led by NEA Management Company, LLC. As of Sep 29, 2022, the company held over 26.35 million shares (or 13.23% of shares), all amounting to roughly $133.59 million.

The next major institution holding the largest number of shares is Vanguard Group, Inc. (The) with 13.64 million shares, or about 6.84% of shares outstanding. As of the market price on Sep 29, 2022, these shares were worth $69.13 million.

We also have Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund as the top two Mutual Funds with the largest holdings of the IonQ Inc. (IONQ) shares. Going by data provided on Sep 29, 2022, Vanguard Total Stock Market Index Fund holds roughly 4.17 million shares. This is just over 2.09% of the total shares, with a market valuation of $21.12 million. Data from the same date shows that the other fund manager holds a little less at 3.54 million, or 1.78% of the shares, all valued at about 17.93 million.

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