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IonQ Inc. (NYSE: IONQ): To Buy Or Not To Buy?

IonQ Inc. (NYSE:IONQ) shares, rose in value on Thursday, 05/25/23, with the stock price down by -8.69% to the previous day’s close as strong demand from buyers drove the stock to $9.35.

Actively observing the price movement in the last trading, the stock closed the session at $10.24, falling within a range of $9.23 and $10.63. The value of beta (5-year monthly) was 1.90. Referring to stock’s 52-week performance, its high was $11.65, and the low was $3.04. On the whole, IONQ has fluctuated by 73.15% over the past month.

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With the market capitalization of IonQ Inc. currently standing at about $1.92 billion, investors are eagerly awaiting this quarter’s results, scheduled for Aug 14, 2023 – Aug 18, 2023. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.13, which is expected to increase to -$0.09 for fiscal year -$0.55 and then to about -$0.62 by fiscal year 2024. Data indicates that the EPS growth is expected to be -120.00% in 2024, while the next year’s EPS growth is forecast to be -12.70%.

Analysts have estimated the company’s revenue for the quarter at $4.35 million, with a low estimate of $4.3 million and a high estimate of $4.54 million. According to the average forecast, sales growth in current quarter could jump up 66.80%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2024, the company’s y-o-y revenues would reach $19.13 million, representing an increase of 71.90% from the revenues reported in the last year’s results.

Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were 1 upward and no downward review(s) in last seven days. We see that IONQ’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 100% Buy.


The stock’s technical analysis shows that the PEG ratio is about 0, with the price of IONQ currently trading nearly 28.28% and 46.61% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 63.60, while the 7-day volatility ratio is showing 14.27% which for the 30-day chart, stands at 9.39%. Furthermore, IonQ Inc. (IONQ)’s average true range (ATR) is 0.85.


Data on historical trading for IonQ Inc. (NYSE:IONQ) indicates that the trading volumes over the past 10 days have averaged 14.12 million and over the past 3 months, they’ve averaged 5.94 million. According to company’s latest data on outstanding shares, there are 200.11 million shares outstanding.

Nearly 7.40% of IonQ Inc.’s shares belong to company insiders and institutional investors own 46.50% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 24.67 million shares as on May 14, 2023, resulting in a short ratio of 5.99. According to the data, the short interest in IonQ Inc. (IONQ) stood at 12.27% of shares outstanding as of May 14, 2023; the number of short shares registered in Apr 13, 2023 reached 22.35 million. The stock has risen by 171.01% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the IONQ stock heading into the next quarter.

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