In today’s recent session, 1.21 million shares of the IonQ Inc (NYSE:IONQ) have been traded, and its beta is 2.04. Most recently the company’s share price was $7.45, and it changed around $0.07 or 0.95% from the last close, which brings the market valuation of the company to $1.59B. IONQ at last check was trading at a discount to its 52-week high of $21.60, offering almost -189.93% off that amount. The share price’s 52-week low was $6.22, which indicates that the recent value has risen by an impressive 16.51% since then. We note from IonQ Inc’s average daily trading volume that its 10-day average is 3.63 million shares, with the 3-month average coming to 4.62 million.

IonQ Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.86. If we narrow it down even further, the data shows that 0 out of 6 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 3 recommended IONQ as a Hold, whereas 3 deemed it a Buy, and 0 rated it as Underweight. IonQ Inc is expected to report earnings per share of -0.22 for the current quarter.

IonQ Inc (NYSE:IONQ) trade information

Instantly IONQ has been showing a green trend so far today with a performance of 0.95% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 7.79 on recent trading dayincreased the stock’s daily price by 4.36%. The company’s shares are currently down -39.87% year-to-date, but still up 2.19% over the last five days. On the other hand, IonQ Inc (NYSE:IONQ) is -9.26% down in the 30-day period. We can see from the shorts that 33.92 million shares have been sold at a short interest cover period of 7.1 day(s).

The consensus price target as assigned by Wall Street analysts is $13, which translates to bulls needing to increase their stock price by 42.69% from its current value. Analyst projections state that IONQ is forecast to be at a low of $8 and a high of $15.

IonQ Inc (IONQ) estimates and forecasts

IonQ Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -33.72 percent over the past six months and at a -7.69% annual growth rate that is well below the industry average of -0.90%. The year-over-year growth rate is expected to be 83.70%, up from the previous year.

Consensus estimates provided by 5 financial analysts predict the company will bring in an average of 10.56M in revenue for the current quarter. 5 analysts expect IonQ Inc to make 10.99M in revenue for the current ending quarter. Forecasts for the next quarter put sales growth at 80.00%.

IonQ Inc earnings are expected to increase by -4.49% in 2024, but the outlook is positive 20.00% per year for the next five years.

IONQ Dividends

IonQ Inc’s next quarterly earnings report is expected to be released in September.

IonQ Inc (NYSE:IONQ)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 9.98% of IonQ Inc shares, and 34.75% of them are in the hands of institutional investors. The stock currently has a share float of 38.60%. IonQ Inc stock is held by 296.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 9.7558% of the shares, which is about 20.31 million shares worth $142.76 million.

BLACKROCK INC., with 6.8029% or 14.16 million shares worth $99.55 million as of 2024-06-30, holds the second largest percentage of outstanding shares.

Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF were the top two Mutual Funds as of Mar 31, 2024. The former held 5.1 shares worth $38.01 million, making up 2.38% of all outstanding shares. On the other hand, iShares Russell 2000 ETF held roughly 4.83 shares worth around $36.0 million, which represents about 2.26% of the total shares outstanding.