During the recent session, IonQ Inc (NYSE:IONQ)’s traded shares were 1.42 million, with the beta value of the company hitting 2.15. At the last check today, the stock’s price was $9.31, reflecting an intraday gain of 2.08% or $0.19. The 52-week high for the IONQ share is $21.60, that puts it down -132.01 from that peak though still a striking 43.18% gain since the share price plummeted to a 52-week low of $5.29. The company’s market capitalization is $1.94B, and the average intraday trading volume over the past 10 days was 4.68 million shares, and the average trade volume was 6.96 million shares over the past three months.
IonQ Inc (NYSE:IONQ) trade information
IonQ Inc (IONQ) registered a 2.08% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 2.08% in intraday trading to $9.31, hitting a weekly high. The stock’s 5-day price performance is -6.81%, and it has moved by -6.15% in 30 days. Based on these gigs, the overall price performance for the year is 31.68%. The short interest in IonQ Inc (NYSE:IONQ) is 42.49 million shares and it means that shorts have 4.45 day(s) to cover.
IonQ Inc (IONQ) estimates and forecasts
Statistics show that IonQ Inc has underperformed its competitors in share price, compared to the industry in which it operates. IonQ Inc (IONQ) shares have gone down -36.97% during the last six months, with a year-to-date growth rate less than the industry average at -58.97% against -9.70. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -78.60% this quarter and then drop -18.20% in the quarter after that. In the rating firms’ projections, revenue will increase 76.60% compared to the previous financial year.
Revenue for the current quarter is expected to be $7.07 million as predicted by 4 analyst(s). Meanwhile, a consensus of 4 analyst(s) estimates revenue growth to $8.44 million by the end of Jun 2024. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $4.29 million and $4.35 million respectively. In this case, analysts expect current quarter sales to grow by 65.00% and then jump by 94.00% in the coming quarter.
IONQ Dividends
IonQ Inc is due to release its next quarterly earnings between May 09 and May 13. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
IonQ Inc (NYSE:IONQ)’s Major holders
IonQ Inc insiders own 7.30% of total outstanding shares while institutional holders control 41.06%, with the float percentage being 44.30%. Vanguard Group Inc is the largest shareholder of the company, while 294 institutions own stock in it. As of Dec 30, 2023, the company held over 17.91 million shares (or 8.60% of all shares), a total value of $166.17 million in shares.
The next largest institutional holding, with 12.35 million shares, is of Blackrock Inc.’s that is approximately 5.93% of outstanding shares. At the market price on Dec 30, 2023, these shares were valued at $114.61 million.
Also, the Mutual Funds coming in first place with the largest holdings of IonQ Inc (IONQ) shares are Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund. Data provided on Dec 30, 2023 indicates that Vanguard Total Stock Market Index Fund owns about 5.05 million shares. This amounts to just over 2.43 percent of the company’s overall shares, with a $46.89 million market value. The same data shows that the other fund manager holds slightly less at 4.17 million, or about 2.00% of the stock, which is worth about $38.69 million.
