IonQ Inc (NYSE:IONQ) shares, rose in value on Wednesday, April 16, with the stock price down by -3.27% to the previous day’s close as strong demand from buyers drove the stock to $24.57.
Actively observing the price movement in the last trading, the stock closed the session at $25.40, falling within a range of $23.8009 and $25.32. The value of beta (5-year monthly) was 2.496. Referring to stock’s 52-week performance, its high was $54.74, and the low was $6.22. On the whole, IONQ has fluctuated by 8.33% over the past month.
With the market capitalization of IonQ Inc currently standing at about $5.48 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-25.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 85.42M, with a low estimate of 7.5M and a high estimate of 7.53M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 7.51M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that IONQ’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a Hold.
The stock’s technical analysis shows that the price of IONQ currently trading nearly 2.74% and -9.30% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 49.34, while the 7-day volatility ratio is showing 8.53% which for the 30-day chart, stands at 12.04%. Furthermore, IonQ Inc (IONQ)’s beta value is 2.40, and its average true range (ATR) is 2.81.
A comparison of IonQ Inc (IONQ) with its peers suggests the former has fared considerably weaker in the market. IONQ showed an intraday change of -3.27% in last session, and over the past year, it grew by 226.29%%.
Data on historical trading for IonQ Inc (NYSE:IONQ) indicates that the trading volumes over the past 10 days have averaged 20.73 and over the past 3 months, they’ve averaged 20.52 million. According to company’s latest data on outstanding shares, there are 221.92 million shares outstanding.
Nearly 8.13% of IonQ Inc’s shares belong to company insiders and institutional investors own 39.41% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 32.2 million shares as on 2025-03-31, resulting in a short ratio of 1.45. According to the data, the short interest in IonQ Inc (IONQ) stood at 1466.00 of shares outstanding as of 2025-03-31; the number of short shares registered in 2025-02-28 reached 23.33 million. The stock has fallen by -41.18% 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.
