IonQ Inc (NYSE:IONQ) has a beta value of 2.50 and has seen 42.22 million shares traded in the last trading session. The company, currently valued at $10.21B, closed the last trade at $41.81 per share which meant it gained $7.98 on the day or 23.59% during that session. The IONQ stock price is 8.04% off its 52-week high price of $38.45 and 85.12% above the 52-week low of $6.22. If we look at the company’s 10-day average daily trading volume, we find that it stood at 24.51 million shares traded. The 3-month trading volume is 22.17 million shares.
The consensus among analysts is that IonQ Inc (IONQ) is Buy stock at the moment, with a recommendation rating of 2.25. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 3 out of 8 have rated it as a Hold, with 5 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.12.
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IonQ Inc (NYSE:IONQ) trade information
Sporting 23.59% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the IONQ stock price touched $41.81 or saw a rise of 2.34%. Year-to-date, IonQ Inc shares have moved 237.45%, while the 5-day performance has seen it change 22.11%. Over the past 30 days, the shares of IonQ Inc (NYSE:IONQ) have changed 59.82%. Short interest in the company has seen 30.21 million shares shorted with days to cover at 0.94.
Wall Street analysts have a consensus price target for the stock at $20, which means that the shares’ value could drop -109.05% from current levels. The projected low price target is $18.0 while the price target rests at a high of $22.0. In that case, then, we find that the current price level is 47.38% off the targeted high while a plunge would see the stock lose 56.95% from current levels.
IonQ Inc (IONQ) estimates and forecasts
Figures show that IonQ Inc shares have underperformed across the wider relevant industry. The company’s shares have gained 453.04% over the past 6 months, with this year growth rate of -10.26%, compared to 17.10% for the industry. Revenue growth from the last financial year stood is estimated to be 88.57%.
4 analysts offering their estimates for the company have set an average revenue estimate of 10.47M for the current quarter. 4 have an estimated revenue figure of 16.43M for the next ending quarter. Year-ago sales stood 6.11M and 7.58M respectively for this quarter and the next, and analysts expect sales will grow by 71.53% for the current quarter and 88.57% for the next.
Earnings growth for 2024 is a modest -7.98% while over the next 5 years, the company’s earnings are expected to increase by 20.00%.
IONQ Dividends
IonQ Inc is expected to release its next earnings report in January this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
IonQ Inc (NYSE:IONQ)’s Major holders
Insiders own 9.84% of the company shares, while shares held by institutions stand at 36.59% with a share float percentage of 40.58%. Investors are also buoyed by the number of investors in a company, with IonQ Inc having a total of 321.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 20.31 million shares worth more than $142.76 million. As of 2024-06-30, VANGUARD GROUP INC held 9.7558% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 14.16 million shares as of 2024-06-30. The firm’s total holdings are worth over $99.55 million and represent 6.8029% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF . As of Sep 30, 2024 , the former fund manager holds about 2.47% shares in the company for having 5.35 shares of worth $223.75 million while later fund manager owns 5.18 shares of worth $216.39 million as of Sep 30, 2024 , which makes it owner of about 2.39% of company’s outstanding stock.
