During the last session, IonQ Inc (NYSE:IONQ)’s traded shares were 26.71 million, with the beta value of the company hitting 2.09. At the end of the trading day, the stock’s price was $28.86, reflecting an intraday gain of 3.48% or $0.97. The 52-week high for the IONQ share is $29.48, that puts it down -2.15 from that peak though still a striking 78.45% gain since the share price plummeted to a 52-week low of $6.22. The company’s market capitalization is $6.25B, and the average intraday trading volume over the past 10 days was 41.85 million shares, and the average trade volume was 15.98 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 2.29. 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 -0.12.
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IonQ Inc (NYSE:IONQ) trade information
IonQ Inc (IONQ) registered a 3.48% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 3.48% in intraday trading to $28.86, hitting a weekly high. The stock’s 5-day price performance is 7.85%, and it has moved by 92.27% in 30 days. Based on these gigs, the overall price performance for the year is 124.59%. The short interest in IonQ Inc (NYSE:IONQ) is 39.3 million shares and it means that shorts have 2.24 day(s) to cover.
The consensus price target of analysts on Wall Street is $18, which implies a decrease of -60.33% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $8 and $22 respectively. As a result, IONQ is trading at a premium of 23.77% off the target high and 72.28% 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 235.58% during the last six months, with a year-to-date growth rate less than the industry average at -10.26% against 16.60. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 50.21% this quarter and then jump 47.11% in the quarter after that. In the rating firms’ projections, revenue will increase 88.57% 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 10.47M as predicted by 4 analyst(s). Meanwhile, a consensus of 4 analyst(s) estimates revenue growth to 16.43M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 6.11M and 7.58M respectively. In this case, analysts expect current quarter sales to grow by 71.53% and then jump by 116.76% in the coming quarter.
While earnings are projected to return -7.09% 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 9.84% of total outstanding shares while institutional holders control 36.93%, with the float percentage being 40.96%. VANGUARD GROUP INC is the largest shareholder of the company, while 322.0 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.
