In recent trading session, IonQ Inc (NYSE:IONQ) saw 3.43 million shares changing hands at last check today with its beta currently measuring 2.40. Company’s recent per share price level of $40.20 trading at $0.66 or 1.67% at last check today assigns it a market valuation of $8.70B. That most recent trading price of IONQ’s stock is at a discount of -36.17% from its 52-week high price of $54.74 and is indicating a premium of 84.53% 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 30.06 million shares which gives us an average trading volume of 32.18 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. The company is expected to be making an EPS of -0.12 in the current quarter.
IonQ Inc (NYSE:IONQ) trade information
Upright in the green today for gaining 1.67%, in the last five days IONQ remained trading in the red while hitting it’s week-highest on Friday, 01/24/25 when the stock touched $40.20 price level, adding 9.11% to its value on the day. IonQ Inc’s shares saw a change of -3.76% in year-to-date performance and have moved -2.78% in past 5-day. IonQ Inc (NYSE:IONQ) showed a performance of -11.61% in past 30-days. Number of shares sold short was 27.23 million shares which calculate 0.7 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 -101.0% to its recent value today. 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 55.22% in reaching the projected high whereas dropping to the targeted low would mean a gain of 55.22% 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 415.38% of value to its shares in past 6 months, showing an annual growth rate of -10.26% while that of industry is 16.30. Apart from that, the company came lowering its revenue forecast for fiscal year 2025. This year revenue growth is estimated to rise 89.99% from the last financial year’s standing.
5 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 10.8M for the same. And 5 analysts are in estimates of company making revenue of 16.48M in the next quarter. Company posted 6.11M and 7.58M of sales in current and next quarters respectively a year earlier.
In 2025, company’s earnings growth rate is likely to be around -10.90% while estimates for its earnings growth in next 5 years are of -7.66%.
IonQ Inc (NYSE:IONQ)’s Major holders
Insiders are in possession of 10.02% of company’s total shares while institution are holding 35.60 percent of that, with stock having share float percentage of 39.57%. Investors also watch the number of corporate investors in a company very closely, which is 35.60% 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.
On the other hand, iShares Russell 2000 ETF and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Nov 30, 2024, the former fund manager was holding 5.55 shares of worth $224.28 million or 2.57% of the total outstanding shares. The later fund manager was in possession of 5.35 shares on Sep 30, 2024, making its stake of worth around $216.15 million in the company or a holder of 2.47% of company’s stock.
