During the last session, IonQ Inc (NYSE:IONQ)’s traded shares were 25.71 million, with the beta value of the company hitting 2.42. At the end of the trading day, the stock’s price was $42.04, reflecting an intraday loss of -7.22% or -$3.27. The 52-week high for the IONQ share is $54.74, that puts it down -30.21 from that peak though still a striking 85.2% gain since the share price plummeted to a 52-week low of $6.22. The company’s market capitalization is $9.10B, and the average intraday trading volume over the past 10 days was 53.21 million shares, and the average trade volume was 32.98 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 2.00. 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.
IonQ Inc (NYSE:IONQ) trade information
IonQ Inc (IONQ) registered a -7.22% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -7.22% in intraday trading to $42.04, hitting a weekly high. The stock’s 5-day price performance is 42.46%, and it has moved by 12.11% in 30 days. Based on these gigs, the overall price performance for the year is 287.47%. The short interest in IonQ Inc (NYSE:IONQ) is 25.0 million shares and it means that shorts have 0.94 day(s) to cover.
The consensus price target of analysts on Wall Street is $20, which implies a decrease of -110.2% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $18 and $22 respectively. As a result, IONQ is trading at a premium of 47.67% off the target high and 57.18% 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 420.30% during the last six months, with a year-to-date growth rate less than the industry average at -10.26% against 17.10. In the rating firms’ projections, revenue will increase 88.93% 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 10.52M as predicted by 5 analyst(s). Meanwhile, a consensus of 5 analyst(s) estimates revenue growth to 16.48M 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 72.22% and then jump by 117.41% in the coming quarter.
While earnings are projected to return -11.22% in 2025.
IONQ Dividends
IonQ Inc is due to release its next quarterly earnings in February. 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 9.82% of total outstanding shares while institutional holders control 35.45%, with the float percentage being 39.31%. VANGUARD GROUP INC is the largest shareholder of the company, while 344.0 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.
Also, the Mutual Funds coming in first place with the largest holdings of IonQ Inc (IONQ) shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF . Data provided on Sep 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 5.35 shares. This amounts to just over 2.47 percent of the company’s overall shares, with a $224.98 million market value. The same data shows that the other fund manager holds slightly less at 5.12, or about 2.37% of the stock, which is worth about $215.23 million.
