IonQ Inc (NYSE:IONQ) traded at $39.63 at close of the session on Friday, June 20 and made an upward move of 40.36% on its previous day’s price.
IonQ Inc has a market cap of $10.56 billion and is expected to release its quarterly earnings report on 2025-May-07.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 17.23M, with a low of 16.8M and a high of 18.03M. The median projection represents growth squeezing down to 51.36% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 84.27M, or 95.64% up from figures reported last year.
Based on estimates by 8 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 3 have rated the IonQ Inc (IONQ) stock as a Hold, while 5 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note the current price level is 407 off its SMA20 and 0.02 from its 50-day simple moving average. The average price target for the stock over the next 12 months is $29, with the estimates having a low of $29 and a high of $29. These price ends are 26.82% and 26.82% off the current price level respectively, although investors could be excited at the prospect of a 26.82% if the IONQ share price touches on the median price of $29.
