In the last trading session, 3.14 million IonQ Inc (NYSE:IONQ) shares changed hands as the company’s beta touched 2.13. With the company’s per share price at $9.39 changed hands at -$0.03 or -0.32% during last session, the market valuation stood at $1.96B. IONQ’s last price was a discount, traded about -130.03% off its 52-week high of $21.60. The share price had its 52-week low at $4.65, which suggests the last value was 50.48% up since then. When we look at IonQ Inc’s average trading volume, we note the 10-day average is 6.75 million shares, with the 3-month average coming to 7.28 million.
IonQ Inc (NYSE:IONQ) trade information
Instantly IONQ was in red as seen at the end of in last trading. With action 0.86%, the performance over the past five days has been green. The drop to weekly highs of 9.79 subtracted -0.32% to the stock’s daily price. The company’s shares are showing year-to-date downside of -24.21%, with the 5-day performance at 0.86% in the green. However, in the 30-day time frame, IonQ Inc (NYSE:IONQ) is -14.56% down. Looking at the short shares, we see there were 46.44 million shares sold at short interest cover period of 6.58 days.
IonQ Inc (IONQ) estimates and forecasts
Data shows that the IonQ Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -30.60% over the past 6 months, a -58.97% in annual growth rate that is considerably lower than the industry average of -9.70%. Moreover, analysts have looked to lower expectations by upgrading its fiscal year 2024 revenue estimates. The rating firms predict current quarter revenue for IonQ Inc will fall -78.60%, while the growth in revenue is estimated to hit -18.20% for the next quarter. Year-over-year growth is forecast to reach 76.60% up from the last financial year.
Consensus estimates given by 4 financial analysts project the company’s revenue in the current quarter to hit an average of $7.07 million. 4 analysts are of the opinion that IonQ Inc’s revenue for the quarter ending Jun 2024 will be $8.44 million. The company’s revenue for the corresponding quarters a year ago was $4.29 million and $4.35 million respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 65.00%. The estimates for the next quarter sales put growth at 94.00%.
The 2024 estimates are for IonQ Inc earnings to decrease by -35.58%, but the outlook for the next 5-year period is at 20.00% per year.
IONQ Dividends
IonQ Inc is expected to release its next quarterly earnings report between May 09 and May 13.
IonQ Inc (NYSE:IONQ)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 7.30% of IonQ Inc shares while 41.06% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 44.30%. There are 41.06% institutions holding the IonQ Inc stock share, with Vanguard Group Inc the top institutional holder. As of Jun 29, 2023, the company held 8.56% of the shares, roughly 17.34 million IONQ shares worth $234.56 million.
Blackrock Inc. holds the second largest percentage of outstanding shares, with 5.57% or 11.29 million shares worth $152.78 million as of Jun 29, 2023.
Among Mutual Funds, the top two as of Jun 29, 2023 were Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund. With 4.82 million shares estimated at $65.28 million under it, the former controlled 2.38% of total outstanding shares. On the other hand, Vanguard Small-Cap Index Fund held about 2.05% of the shares, roughly 4.15 million shares worth around $56.17 million.
