In last trading session, IonQ Inc (NYSE:IONQ) saw 125.64 million shares changing hands with its beta currently measuring 2.42. Company’s recent per share price level of $30.25 trading at -$19.34 or -39.00% at ring of the bell on the day assigns it a market valuation of $6.55B. That closing price of IONQ’s stock is at a discount of -80.96% from its 52-week high price of $54.74 and is indicating a premium of 79.44% from its 52-week low price of $6.22. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 32.75 million shares which gives us an average trading volume of 26.55 million if we extend that period to 3-months.
For IonQ Inc (IONQ), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.00. Splitting up the data highlights that, out of 8 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 3 suggested the stock as a Hold whereas 5 see the stock as a Buy. 0 analyst(s) advised it as an Underweight.
IonQ Inc (NYSE:IONQ) trade information
Upright in the red during last session for losing -39.00%, in the last five days IONQ remained trading in the red while hitting it’s week-highest on Tuesday, 01/07/25 when the stock touched $30.25 price level, adding 44.74% to its value on the day. IonQ Inc’s shares saw a change of -27.58% in year-to-date performance and have moved -27.58% in past 5-day. IonQ Inc (NYSE:IONQ) showed a performance of -20.33% in past 30-days. Number of shares sold short was 31.07 million shares which calculate 1.06 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 20 to the stock, which implies a fall of -51.25% to its current value. Analysts have been projecting 18 as a low price target for the stock while placing it at a high target of 22. It follows that stock’s current price would jump 40.5% in reaching the projected high whereas dropping to the targeted low would mean a gain of 40.5% for stock’s current value.
IonQ Inc (IONQ) estimates and forecasts
Statistics highlight that IonQ Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company added 257.99% of value to its shares in past 6 months, showing an annual growth rate of -10.26% while that of industry is 17.10. Apart from that, the company came lowering its revenue forecast for fiscal year 2025.
In 2025, company’s earnings growth rate is likely to be around -11.22% while estimates for its earnings growth in next 5 years are of 20.00%.
IonQ Inc (NYSE:IONQ)’s Major holders
Insiders are in possession of 9.82% of company’s total shares while institution are holding 36.62 percent of that, with stock having share float percentage of 40.61%. Investors also watch the number of corporate investors in a company very closely, which is 36.62% institutions for IonQ Inc that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at IONQ for having 20.31 million shares of worth $142.76 million. And as of 2024-06-30, it was holding 9.7558 of the company’s outstanding shares.
The second largest institutional holder is BLACKROCK INC., which was holding about 14.16 million shares on 2024-06-30. The number of shares represents firm’s hold over 6.8029 of outstanding shares, having a total worth of $99.55 million.
