The trading price of IonQ Inc (NYSE:IONQ) floating higher at last check on current market day and closing at $27.18, 7.72% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it has been fluctuating between $24.87 and $27.56. In examining the 52-week price action we see that the stock hit a 52-week high of $29.48 and a 52-week low of $6.22. Over the past month, the stock has gained 84.14% in value.
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IonQ Inc, whose market valuation is $5.88 billion at the time of this writing, is expected to release its quarterly earnings report on 2025-Feb-26. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by -0.12 per share this quarter, however they have predicted annual earnings per share of -0.45 for current year and -0.49 for next year.
Analysts have forecast the company to bring in revenue of 10.47M for the current quarter, with the likely lows of 9.1M and highs of 12.86M. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 41.56M.
On the technical side, indicators suggest IONQ has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned IONQ a recommendation rating is 8. Out of them, 3 rate it a Hold, while 5 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged IonQ Inc (IONQ) as Underweight, while 0 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
A quick review shows that IONQ’s price is currently 34.96% off the SMA20 and 97.28% off the SMA50. The RSI metric on the 14-day chart is currently showing 68.82, and weekly volatility stands at 18.17%. When measured over the past 30 days, the indicator reaches 14.37%. IonQ Inc (NYSE:IONQ)’s beta value is currently sitting at 2.02, while the Average True Range indicator is currently displaying 2.78. With analysts defining $8-$22 as the low and high price targets, we arrive at a consensus price target of $18 for the trailing 12-month period. The current price is about 70.57% off the estimated low and 19.06% off the forecast high, based on this estimate. Investors will be thrilled if IONQ’s share price rises to $18, which is the median consensus price. At that level, IONQ’s share price would be 33.77% above current price.
To see how IonQ Inc stock has been performing today in comparison to its peers in the industry, here are the numbers: IONQ stock’s performance was 7.72% at last check in today’s session, and 114.01% in the past year.
An evaluation of the daily trading volume of IonQ Inc (NYSE:IONQ) indicates that the 3-month average is 15.55 million. However, this figure has increased over the past 10 days to an average of 40.12.
Currently, records show that 206.61 million of the company’s shares remain outstanding. The insiders hold 14.00% of outstanding shares, whereas institutions hold 34.83%. The stats also highlight that short interest as of 2024-10-31, stood at 39.3 million shares, resulting in a short ratio of 2.24 at that time. From this, we can conclude that short interest is 1993.00 of the company’s total outstanding shares. It is noteworthy that short shares in October were down slightly from the previous month’s figure, which was 39.62 million. However, since the stock’s price has seen 119.36% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
