In the last trading session, 15.52 million shares of the IonQ Inc (NYSE:IONQ) were traded, and its beta was 2.40. Most recently the company’s share price was $40.57, and it changed around -$0.7 or -1.70% from the last close, which brings the market valuation of the company to $8.78B. IONQ currently trades at a discount to its 52-week high of $54.74, offering almost -34.93% off that amount. The share price’s 52-week low was $6.22, which indicates that the current value has risen by an impressive 84.67% since then. We note from IonQ Inc’s average daily trading volume that its 10-day average is 15.56 million shares, with the 3-month average coming to 31.87 million.
IonQ Inc stock received a consensus recommendation rating of Buy, based on a mean score of 2.00. If we narrow it down even further, the data shows that 0 out of 6 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 2 recommended IONQ as a Hold, whereas 3 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 showed a red trend with a performance of -1.70% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 44.59 on recent trading dayincreased the stock’s daily price by 9.02%. The company’s shares are currently down -2.87% year-to-date, but still up 2.73% over the last five days. On the other hand, IonQ Inc (NYSE:IONQ) is -18.19% down in the 30-day period. We can see from the shorts that 27.23 million shares have been sold at a short interest cover period of 0.7 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 -102.85% 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
The year-over-year growth rate is expected to be 89.99%, up from the previous year.
Consensus estimates provided by 5 financial analysts predict the company will bring in an average of 10.8M in revenue for the current quarter. 5 analysts expect IonQ Inc to make 16.48M 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 76.81%. Forecasts for the next quarter put sales growth at 117.41%.
IonQ Inc earnings are expected to increase by -10.90% in 2025, but the outlook is negative -7.66% per year for the next five years.
IONQ Dividends
IonQ Inc’s next quarterly earnings report is expected to be released in March.
IonQ Inc (NYSE:IONQ)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 9.25% of IonQ Inc shares, and 36.21% of them are in the hands of institutional investors. The stock currently has a share float of 39.90%. IonQ Inc stock is held by 410.0 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.
iShares Russell 2000 ETF and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Nov 30, 2024 . The former held 5.55 shares worth $225.28 million, making up 2.57% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 5.35 shares worth around $217.12 million, which represents about 2.47% of the total shares outstanding.
