In today’s recent session, 12.8 million shares of the IonQ Inc (NYSE:IONQ) have been traded, and its beta is 2.49. Most recently the company’s share price was $34.58, and it changed around -$3.39 or -8.91% from the last close, which brings the market valuation of the company to $7.90B. IONQ at last check was trading at a discount to its 52-week high of $38.45, offering almost -11.19% off that amount. The share price’s 52-week low was $6.22, which indicates that the recent value has risen by an impressive 82.01% since then. We note from IonQ Inc’s average daily trading volume that its 10-day average is 24.42 million shares, with the 3-month average coming to 20.47 million.
IonQ Inc stock received a consensus recommendation rating of Buy, based on a mean score of 2.25. If we narrow it down even further, the data shows that 0 out of 5 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 2 recommended IONQ as a Hold, whereas 2 deemed it a Buy, and 0 rated it as Underweight. IonQ Inc is expected to report earnings per share of -0.12 for the current quarter.
IonQ Inc (NYSE:IONQ) trade information
Instantly IONQ has been showing red trend so far today with a performance of -8.91% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 38.45 on recent trading dayincreased the stock’s daily price by 10.07%. The company’s shares are currently up 179.14% year-to-date, but still up 7.88% over the last five days. On the other hand, IonQ Inc (NYSE:IONQ) is 56.42% up in the 30-day period. We can see from the shorts that 38.02 million shares have been sold at a short interest cover period of 1.34 day(s).
The consensus price target as assigned by Wall Street analysts is $20, which translates to bulls needing to decrease their stock price by -72.9% from its current value. Analyst projections state that IONQ is forecast to be at a low of $18 and a high of $22.
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 risen 320.74 percent over the past six months and at a -10.26% annual growth rate that is well below the industry average of 16.90%. The year-over-year growth rate is expected to be 88.57%, up from the previous year.
Consensus estimates provided by 4 financial analysts predict the company will bring in an average of 10.47M in revenue for the current quarter. 4 analysts expect IonQ Inc to make 16.43M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 6.11M and 7.58M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 71.53%. Forecasts for the next quarter put sales growth at 116.76%.
IonQ Inc earnings are expected to increase by -7.98% 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 January.
IonQ Inc (NYSE:IONQ)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 9.84% of IonQ Inc shares, and 36.89% of them are in the hands of institutional investors. The stock currently has a share float of 40.92%. IonQ Inc stock is held by 322.0 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.
