IonQ Inc (NYSE:IONQ)’s traded shares stood at 17.01 million during the last session, with the company’s beta value hitting 2.50. At the close of trading, the stock’s price was $33.42, to imply an increase of 1.92% or $0.63 in intraday trading. The IONQ share’s 52-week high remains $37.28, putting it -11.55% down since that peak but still an impressive 81.39% since price per share fell to its 52-week low of $6.22. The company has a valuation of $7.23B, with an average of 28.12 million shares in intraday trading volume over the past 10 days and average of 19.58 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 2.29. 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 -0.12.
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IonQ Inc (NYSE:IONQ) trade information
After registering a 1.92% upside in the last session, IonQ Inc (IONQ) has traded red over the past five days. The 5-day price performance for the stock is 9.04%, and 132.57% over 30 days. With these gigs, the year-to-date price performance is 169.73%. Short interest in IonQ Inc (NYSE:IONQ) saw shorts transact 38.02 million shares and set a 1.34 days time to cover.
The extremes give us $18 and $22 for target low and target high price respectively. As such, IONQ has been trading 34.17% off suggested target high and 46.14% 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 321.44% up over the last 6 months, with its year-to-date growth rate lower than industry average at -10.26% against 16.60%. The rating firms project that company’s revenue will grow 88.57% compared to the previous financial year.
Revenue forecast for the current quarter as set by 4 analysts is 10.47M. Meanwhile, for the current quarter, a total of 4 analyst(s) estimate revenue growth to 16.43M.Earnings reports from the last fiscal year show that sales brought in 6.11M and 7.58M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 71.53% before jumping 116.76% in the following quarter.
IONQ Dividends
IonQ Inc has its next earnings report out in January. 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 9.84% of total outstanding shares, with institutional holders owning 36.90% of the shares at 40.92% float percentage. In total, 36.90% 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.
