How To Know If IonQ Inc (NYSE:IONQ) Is Expensive At $8.06.

In recent trading session, IonQ Inc (NYSE:IONQ) saw 1.64 million shares changing hands at last check today with its beta currently measuring 2.18. Company’s recent per share price level of $8.06 trading at $0.06 or 0.69% at last check today assigns it a market valuation of $1.68B. That most recent trading price of IONQ’s stock is at a discount of -167.99% from its 52-week high price of $21.60 and is indicating a premium of 34.37% from its 52-week low price of $5.29. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 5.74 million shares which gives us an average trading volume of 7.02 million if we extend that period to 3-months.

IonQ Inc (NYSE:IONQ) trade information

Upright in the green today for gaining 0.69%, in the last five days IONQ remained trading in the red while hitting it’s week-highest on Friday, 04/05/24 when the stock touched $8.06 price level, adding 13.98% to its value on the day. IonQ Inc’s shares saw a change of -34.99% in year-to-date performance and have moved -11.68% in past 5-day. IonQ Inc (NYSE:IONQ) showed a performance of -18.39% in past 30-days. Number of shares sold short was 42.49 million shares which calculate 4.45 days to cover the short interests.

IonQ Inc (IONQ) estimates and forecasts

Statistics highlight that IonQ Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -49.66% of value to its shares in past 6 months, showing an annual growth rate of -58.97% while that of industry is -9.70. Apart from that, the company came lowering its revenue forecast for fiscal year 2024.

In 2024, company’s earnings growth rate is likely to be around -35.58% while estimates for its earnings growth in next 5 years are of 20.00%.

IONQ Dividends

IonQ Inc is more likely to be releasing its next quarterly report between May 09 and May 13 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 7.30% of company’s total shares while institution are holding 41.06 percent of that, with stock having share float percentage of 44.30%. Investors also watch the number of corporate investors in a company very closely, which is 41.06% institutions for IonQ Inc that are currently holding shares of the company. Vanguard Group Inc is the top institutional holder at IONQ for having 17.34 million shares of worth $234.56 million. And as of Jun 29, 2023, it was holding 8.56% of the company’s outstanding shares.

The second largest institutional holder is Blackrock Inc., which was holding about 11.29 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 5.57% of outstanding shares, having a total worth of $152.78 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, 2023, the former fund manager was holding 4.82 million shares of worth $65.28 million or 2.38% of the total outstanding shares. The later fund manager was in possession of 4.15 million shares on Jun 29, 2023, making its stake of worth around $56.17 million in the company or a holder of 2.05% of company’s stock.