IonQ Inc (NYSE:IONQ) price on Friday, November 15, rose 11.39% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $29.14.
A look at the stock’s price movement, the close in the last trading session was $26.16, moving within a range at $25.03 and $29.48. The beta value (5-Year monthly) was 1.89. Turning to its 52-week performance, $28.05 and $6.22 were the 52-week high and 52-week low respectively. Overall, IONQ moved 133.12% over the past month.
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IonQ Inc’s market cap currently stands at around $6.31 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-26.
Turning to the stock’s technical picture we see that short term indicators suggest on average that IONQ is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
8 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 3 analyst(s) rate the stock as a Hold, 5 recommend IONQ as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
IONQ’s current price about 53.31% and 124.17% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 80.08, while 7-day volatility ratio is 15.60% and 13.51% in the 30-day chart. Further, IonQ Inc (IONQ) has a beta value of 2.09, and an average true range (ATR) of 2.47. Analysts have given the company’s stock an average 52-week price target of $18, forecast between a low of $8 and high of $22. Looking at the price targets, the low is 72.55% off current price level while to achieve the yearly target high, price needs to move 24.5%. Nonetheless, investors will most likely welcome a 38.23% jump to $18 which is the analysts’ median price.
If we refocus on IonQ Inc (NYSE:IONQ), historical trading data shows that trading volumes averaged 33.77 over the past 10 days and 14.24 million over the past 3 months. The company’s latest data on shares outstanding shows there are 206.61 million shares.
The 14.13% of IonQ Inc’s shares are in the hands of company insiders while institutional holders own 34.53% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 39.3 million on 2024-10-31, giving us a short ratio of 2.24. The data shows that as of 2024-10-31 short interest in IonQ Inc (IONQ) stood at 1993.0 of shares outstanding, with shares short falling to 39.62 million registered in 2024-09-30. Current price change has pushed the stock 135.19% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the IONQ stock continues to rise going into the next quarter.
