IonQ Inc (NYSE:IONQ)’s traded shares stood at 1.33 million during the latest session, with the company’s beta value hitting 2.04. At the last check today, the stock’s price was $7.55, to imply a decrease of -2.83% or -$0.22 in intraday trading. The IONQ share’s 52-week high remains $21.60, putting it -186.09% down since that peak but still an impressive 17.62% since price per share fell to its 52-week low of $6.22. The company has a valuation of $1.62B, with an average of 3.89 million shares in intraday trading volume over the past 10 days and average of 4.60 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for IonQ Inc (IONQ), translating to a mean rating of 1.86. Of 8 analyst(s) looking at the stock, 0 analyst(s) give IONQ a Sell rating. 0 of those analysts rate the stock as Overweight while 3 advise Hold as 5 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.22.
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IonQ Inc (NYSE:IONQ) trade information
After registering a -2.83% downside in the latest session, IonQ Inc (IONQ) has traded red over the past five days. The 5-day price performance for the stock is 1.75%, and -0.92% over 30 days. With these gigs, the year-to-date price performance is -39.06%. Short interest in IonQ Inc (NYSE:IONQ) saw shorts transact 33.92 million shares and set a 7.1 days time to cover.
The extremes give us $8 and $15 for target low and target high price respectively. As such, IONQ has been trading -98.68% off suggested target high and -5.96% from its likely low.
IonQ Inc (IONQ) estimates and forecasts
Looking at statistics comparing IonQ Inc share performance against respective industry, we note that the company has underperformed competitors. IonQ Inc (IONQ) shares are -31.30% down over the last 6 months, with its year-to-date growth rate lower than industry average at -7.69% against -0.90%. The rating firms project that company’s revenue will grow 83.70% compared to the previous financial year.
Revenue forecast for the current quarter as set by 5 analysts is 10.56M. Meanwhile, for the current quarter, a total of 5 analyst(s) estimate revenue growth to 10.99M.
IONQ Dividends
IonQ Inc has its next earnings report out on 2024-Nov-06. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
IonQ Inc (NYSE:IONQ)’s Major holders
IonQ Inc insiders hold 9.98% of total outstanding shares, with institutional holders owning 34.75% of the shares at 38.60% float percentage. In total, 34.75% institutions holds shares in the company, led by VANGUARD GROUP INC. As of 2024-06-30, the company held over 20.31 million shares (or 9.7558% of shares), all amounting to roughly $142.76 million.
The next major institution holding the largest number of shares is BLACKROCK INC. with 14.16 million shares, or about 6.8029% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $99.55 million.
We also have Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF as the top two Mutual Funds with the largest holdings of the IonQ Inc (IONQ) shares. Going by data provided on Mar 31, 2024 , Vanguard Total Stock Market Index Fund holds roughly 5.1 shares. This is just over 2.38% of the total shares, with a market valuation of $38.42 million. Data from the same date shows that the other fund manager holds a little less at 4.83, or 2.26% of the shares, all valued at about 36.39 million.
