In the last trading session, 21.83 million shares of the IonQ Inc (NYSE:IONQ) were traded, and its beta was 2.53. Most recently the company’s share price was $22.26, and it changed around $1.12 or 5.30% from the last close, which brings the market valuation of the company to $4.96B. IONQ currently trades at a discount to its 52-week high of $54.74, offering almost -145.91% off that amount. The share price’s 52-week low was $6.22, which indicates that the current value has risen by an impressive 72.06% since then. We note from IonQ Inc’s average daily trading volume that its 10-day average is 25.04 million shares, with the 3-month average coming to 24.99 million.
IonQ Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.33. If we narrow it down even further, the data shows that 0 out of 5 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 1 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 -0.14 for the current quarter.
IonQ Inc (NYSE:IONQ) trade information
Instantly IONQ has showed a green trend with a performance of 5.30% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 25.50 on recent trading dayincreased the stock’s daily price by 12.71%. The company’s shares are currently down -46.71% year-to-date, but still down -10.96% over the last five days. On the other hand, IonQ Inc (NYSE:IONQ) is -34.04% down in the 30-day period. We can see from the shorts that 23.33 million shares have been sold at a short interest cover period of 1.47 day(s).
The consensus price target as assigned by Wall Street analysts is $22, which translates to bulls needing to decrease their stock price by -1.18% from its current value. Analyst projections state that IONQ is forecast to be at a low of $18 and a high of $29.
IonQ Inc (IONQ) estimates and forecasts
The year-over-year growth rate is expected to be 98.31%, up from the previous year.
Consensus estimates provided by 4 financial analysts predict the company will bring in an average of 7.51M in revenue for the current quarter. 4 analysts expect IonQ Inc to make 16.93M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 7.58M and 11.38M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -0.96%. Forecasts for the next quarter put sales growth at 48.78%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -85.81%. IonQ Inc earnings are expected to increase by 26.28% in 2025, but the outlook is positive 14.65% per year for the next five years.
IONQ Dividends
IonQ Inc’s next quarterly earnings report is expected to be released on 2025-Feb-25.
IonQ Inc (NYSE:IONQ)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 8.56% of IonQ Inc shares, and 37.43% of them are in the hands of institutional investors. The stock currently has a share float of 40.94%. IonQ Inc stock is held by 479.0 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.
Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF were the top two Mutual Funds as of Dec 31, 2024 . The former held 5.5 shares worth $122.37 million, making up 2.47% of all outstanding shares. On the other hand, iShares Russell 2000 ETF held roughly 5.41 shares worth around $120.5 million, which represents about 2.43% of the total shares outstanding.
