In the latest trading session, 0.84 million IonQ Inc (NYSE:IONQ) shares changed hands as the company’s beta touched 2.06. With the company’s most recent per share price at $7.23 changed hands at -$0.05 or -0.69% at last look, the market valuation stands at $1.55B. IONQ’s current price is a discount, trading about -198.76% off its 52-week high of $21.60. The share price had its 52-week low at $6.22, which suggests the last value was 13.97% up since then. When we look at IonQ Inc’s average trading volume, we note the 10-day average is 4.97 million shares, with the 3-month average coming to 4.64 million.

Analysts gave the IonQ Inc (IONQ) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.86. If we narrow down to specifics, the data shows that 0 out of 8 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 3 recommended IONQ as a Hold, 5 felt it is a Buy and 0 rated the stock as Underweight. IonQ Inc’s EPS for the current quarter is expected to be -0.22.

IonQ Inc (NYSE:IONQ) trade information

Instantly IONQ was in red as seen in intraday trades today. With action 7.59%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -41.65%, with the 5-day performance at 7.59% in the green. However, in the 30-day time frame, IonQ Inc (NYSE:IONQ) is -2.69% down. Looking at the short shares, we see there were 33.92 million shares sold at short interest cover period of 7.1 days.

The consensus price target for the stock as assigned by Wall Street analysts is 13, meaning bulls need an upside of 44.38% from its recent market value. According to analyst projections, IONQ’s forecast low is 8 with 15 as the target high. To hit the forecast high, the stock’s price needs a -107.47% plunge from its current level, while the stock would need to soar -10.65% for it to hit the projected low.

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 -33.18% over the past 6 months, a -7.69% in annual growth rate that is considerably lower than the industry average of 3.80%. Year-over-year growth is forecast to reach 83.70% up from the last financial year.

Consensus estimates given by 5 financial analysts project the company’s revenue in the current quarter to hit an average of 10.56M. 5 analysts are of the opinion that IonQ Inc’s revenue for the current quarter will be 10.99M. The estimates for the next quarter sales put growth at 80.00%.

The 2024 estimates are for IonQ Inc earnings to decrease by -4.49%, 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 on 2024-Nov-06.

IonQ Inc (NYSE:IONQ)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 9.98% of IonQ Inc shares while 34.71% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 38.56%. There are 34.71% institutions holding the IonQ Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-03-31, the company held 9.1693% of the shares, roughly 18.82 million IONQ shares worth $188.06 million.

BLACKROCK INC. holds the second largest percentage of outstanding shares, with 6.0298% or 12.38 million shares worth $123.67 million as of 2024-03-31.

Among Mutual Funds, the top two as of Mar 31, 2024 were Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. With 5.1 shares estimated at $37.2 million under it, the former controlled 2.38% of total outstanding shares. On the other hand, iShares Russell 2000 ETF held about 2.26% of the shares, roughly 4.83 shares worth around $35.23 million.