With 24.68 million shares changed hands, the volume of the stock remained lighter than its average volume of 26.26 million shares. During the session, the Computer Hardware company that operates in wider Technology sector, reached to the highest price of $54.74 whereas the lowest price it dropped to was $48.73. The 52-week range on IONQ shows that it touched its highest point at $51.66 and its lowest point at $6.22 during that stretch. It currently has a 1-year price target of $38.57. Beta for the stock currently stands at 2.44.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of IONQ was up-trending over the past week, with a rise of 11.97%, but this was up by 37.94% over a month. Three-month performance surged to 446.75% while six-month performance rose 525.35%. The stock gained 313.25% in the past year, while it has gained 18.72% so far this year. A look at the trailing 12-month EPS for IONQ yields -0.82 with Next year EPS estimates of -0.98. For the next quarter, that number is -0.25. This implies an EPS growth rate of -11.22% for this year and -13.26% for next year.
Float and Shares Shorts:
At present, 215.98 million IONQ shares are outstanding with a float of 186.71 million shares on hand for trading. On 2024-12-13, short shares totaled 31.07 million, which was 1436.0000000000002 higher than short shares on 1731628800. In addition to Mr. Peter Hume Chapman as the firm’s President, CEO & Executive Chairman, Dr. Jungsang Kim Ph.D. serves as its Co-Founder, CTO & Chief Strategy Officer.
Institutional Ownership:
Through their ownership of 0.36619 of IONQ’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, IONQ reported revenue of $12400000.0 and operating income of -$53135000.0. The EBITDA in the recently reported quarter was -$44377000.0 and diluted EPS was -$0.24.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for IONQ since 8 analysts follow the stock currently. There are 5 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 3 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With IONQ analysts setting a high price target of 50.0 and a low target of 16.0, the average target price over the next 12 months is 36.0. Based on these targets, IONQ could surge 0.83% to reach the target high and fall by -67.74% to reach the target low. Reaching the average price target will result in a decline of -27.4% from current levels.
Analysts have provided yearly estimates in a range of -$0.8191 being high and -$0.8543 being low. For IONQ, this leads to a yearly average estimate of -$0.84222.
