IonQ Inc (NYSE: IONQ) Is Up 58.62% From Its 52-Week Low; YTD, It Is Up 21.31% – What To Do Now

During the last session, IonQ Inc (NYSE:IONQ)’s traded shares were 22.25 million, with the beta value of the company hitting 2.03. At the end of the trading day, the stock’s price was $15.03, reflecting an intraday loss of -10.91% or -$1.84. The 52-week high for the IONQ share is $18.20, that puts it down -21.09 from that peak though still a striking 58.62% gain since the share price plummeted to a 52-week low of $6.22. The company’s market capitalization is $3.22B, and the average intraday trading volume over the past 10 days was 25.97 million shares, and the average trade volume was 9.58 million shares over the past three months.

IonQ Inc (IONQ) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.86. IONQ has a Sell rating from 0 analyst(s) out of 8 analysts who have looked at this stock. 3 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 5 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.22.

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IonQ Inc (NYSE:IONQ) trade information

IonQ Inc (IONQ) registered a -10.91% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -10.91% in intraday trading to $15.03, hitting a weekly high. The stock’s 5-day price performance is -4.33%, and it has moved by 63.37% in 30 days. Based on these gigs, the overall price performance for the year is 55.91%. The short interest in IonQ Inc (NYSE:IONQ) is 42.14 million shares and it means that shorts have 4.19 day(s) to cover.

The consensus price target of analysts on Wall Street is $13, which implies a decrease of -15.62% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $8 and $15 respectively. As a result, IONQ is trading at a premium of 0.2% off the target high and 46.77% off the low.

IonQ Inc (IONQ) estimates and forecasts

Statistics show that IonQ Inc has underperformed its competitors in share price, compared to the industry in which it operates. IonQ Inc (IONQ) shares have gone up 67.00% during the last six months, with a year-to-date growth rate less than the industry average at -7.69% against 4.60. In the rating firms’ projections, revenue will increase 83.70% compared to the previous financial year.

As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 10.56M as predicted by 5 analyst(s). Meanwhile, a consensus of 5 analyst(s) estimates revenue growth to 10.99M by the end of current fiscal year.

While earnings are projected to return -4.49% in 2024, the next five years will return 20.00% per annum.

IONQ Dividends

IonQ Inc is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

IonQ Inc (NYSE:IONQ)’s Major holders

IonQ Inc insiders own 9.95% of total outstanding shares while institutional holders control 35.12%, with the float percentage being 39.00%. VANGUARD GROUP INC is the largest shareholder of the company, while 300.0 institutions own stock in it. As of 2024-06-30, the company held over 20.31 million shares (or 9.7558% of all shares), a total value of $142.76 million in shares.

The next largest institutional holding, with 14.16 million shares, is of BLACKROCK INC.’s that is approximately 6.8029% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $99.55 million.