In the latest trading session, 5.7 million IonQ Inc (NYSE:IONQ) shares changed hands as the company’s beta touched 2.44. With the company’s most recent per share price at $30.75 changed hands at -$0.99 or -3.10% at last look, the market valuation stands at $6.66B. IONQ’s current price is a discount, trading about -78.02% off its 52-week high of $54.74. The share price had its 52-week low at $6.22, which suggests the last value was 79.77% up since then.
Analysts gave the IonQ Inc (IONQ) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.86. If we narrow down to specifics, the data shows that 0 out of 8 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 3 recommended IONQ as a Hold, 5 felt it is a Buy and 0 rated the stock as Underweight. IonQ Inc’s EPS for the current quarter is expected to be -0.12.
IonQ Inc (NYSE:IONQ) trade information
Instantly IONQ was in red as seen in intraday trades today. With action -17.90%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -26.37%, with the 5-day performance at -17.90% in the red. However, in the 30-day time frame, IonQ Inc (NYSE:IONQ) is -25.62% down.
The consensus price target for the stock as assigned by Wall Street analysts is 20, meaning bulls need a downside of -53.75% from its recent market value. According to analyst projections, IONQ’s forecast low is 18 with 22 as the target high. To hit the forecast high, the stock’s price needs a 28.46% surge from its current level, while the stock would need to tank 41.46% for it to hit the projected low.
IonQ Inc (IONQ) estimates and forecasts
Year-over-year growth is forecast to reach 87.87% up from the last financial year.
Consensus estimates given by 4 financial analysts project the company’s revenue in the current quarter to hit an average of 10.28M. 4 analysts are of the opinion that IonQ Inc’s revenue for the current quarter will be 16.25M. The company’s revenue for the corresponding quarters a year ago was 6.11M and 7.58M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 68.38%. The estimates for the next quarter sales put growth at 114.29%.
The 2025 estimates are for IonQ Inc earnings to decrease by -11.11%, but the outlook for the next 5-year period is at -3.31% per year.
IonQ Inc (NYSE:IONQ)’s Major holders
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 6.8029% or 14.16 million shares worth $99.55 million as of 2024-06-30.
Among Mutual Funds, the top two as of Nov 30, 2024 were iShares Russell 2000 ETF and Vanguard Total Stock Market Index Fund. With 5.55 shares estimated at $171.25 million under it, the former controlled 2.57% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 2.47% of the shares, roughly 5.35 shares worth around $165.04 million.
