IonQ Inc (IONQ) Stock’s Detailed Analysis

IonQ Inc (NYSE:IONQ) has a beta value of 2.15 and has seen 2.81 million shares traded in the recent trading session. The company, currently valued at $1.86B, closed the recent trade at $8.94 per share which meant it lost -$0.03 on the day or -0.33% during that session. The IONQ stock price is -141.61% off its 52-week high price of $21.60 and 40.83% above the 52-week low of $5.29. The 3-month trading volume is 6.89 million shares.

IonQ Inc (NYSE:IONQ) trade information

Sporting -0.33% in the red today, the stock has traded in the green over the last five days, when the IONQ stock price touched $8.94 or saw a rise of 2.3%. Year-to-date, IonQ Inc shares have moved -27.85%, while the 5-day performance has seen it change 19.36%. Over the past 30 days, the shares of IonQ Inc (NYSE:IONQ) have changed -10.51%.

IonQ Inc (IONQ) estimates and forecasts

Figures show that IonQ Inc shares have underperformed across the wider relevant industry. The company’s shares have lost -9.88% over the past 6 months, with this year growth rate of -58.97%, compared to -8.70% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are -78.60% and -18.20% for the next quarter. Revenue growth from the last financial year stood is estimated to be 76.60%.

4 analysts offering their estimates for the company have set an average revenue estimate of $7.07 million for the current quarter. 4 have an estimated revenue figure of $8.44 million for the next quarter concluding in Jun 2024. Year-ago sales stood $4.29 million and $4.35 million respectively for this quarter and the next, and analysts expect sales will grow by 65.00% for the current quarter and 94.00% for the next.

Earnings growth for 2024 is a modest -35.58% while over the next 5 years, the company’s earnings are expected to increase by 20.00%.