IonQ Inc (NYSE:IONQ) price on Thursday, March 20, fall -9.27% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $21.14.
A look at the stock’s price movement, the close in the last trading session was $23.30, moving within a range at $20.64 and $24.5. The beta value (5-Year monthly) was 2.5. Turning to its 52-week performance, $54.74 and $6.22 were the 52-week high and 52-week low respectively. Overall, IONQ moved -38.08% over the past month.
IonQ Inc’s market cap currently stands at around $4.71 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-25.
Analysts have a consensus estimate of 7.51M for the company’s revenue for the quarter, with a low and high estimate of 7.5M and 7.53M respectively. The average forecast suggests down to a -0.96% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 85.42M, representing a 98.31% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that IONQ is a 50% Sell. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in Hold 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 -11.63% and -35.34% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 36.66, while 7-day volatility ratio is 11.24% and 10.57% in the 30-day chart. Further, IonQ Inc (IONQ) has a beta value of 2.48, and an average true range (ATR) of 2.92. Analysts have given the company’s stock an average 52-week price target of $22, forecast between a low of $18 and high of $29. Looking at the price targets, the low is 14.85% off current price level while to achieve the yearly target high, price needs to move -37.18%. Nonetheless, investors will most likely welcome a -4.07% jump to $22 which is the analysts’ median price.
If we refocus on IonQ Inc (NYSE:IONQ), historical trading data shows that trading volumes averaged 24.46 over the past 10 days and 25.30 million over the past 3 months. The company’s latest data on shares outstanding shows there are 221.92 million shares.
The 8.23% of IonQ Inc’s shares are in the hands of company insiders while institutional holders own 40.29% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 23.33 million on 2025-02-28, giving us a short ratio of 1.47. The data shows that as of 2025-02-28 short interest in IonQ Inc (IONQ) stood at 1146.0 of shares outstanding, with shares short falling to 23.65 million registered in 2025-01-31. Current price change has pushed the stock -49.39% 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.
