With 20.44 million shares changed hands, the volume of the stock remained lighter than its average volume of 27.94 million shares. The 52-week range on IONQ shows that it touched its highest point at $54.74 and its lowest point at $6.22 during that stretch. It currently has a 1-year price target of $48.33. Beta for the stock currently stands at 2.40.
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 down-trending over the past week, with a drop of -9.44%, but this was down by -12.21% over a month. Three-month performance surged to 30.50% while six-month performance rose 368.96%. The stock gained 210.08% in the past year, while it has lost -18.27% so far this year. A look at the trailing 12-month EPS for IONQ yields -0.82 with Next year EPS estimates of -0.96. For the next quarter, that number is -0.25. This implies an EPS growth rate of -11.11% for this year and -10.38% for next year.
Float and Shares Shorts:
At present, 215.98 million IONQ shares are outstanding with a float of 192.31 million shares on hand for trading.
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.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$0.84472 being high and -$0.881 being low. For IONQ, this leads to a yearly average estimate of -$0.86667. Based on analyst estimates, the high estimate for the next quarter is -$0.11 and the low estimate is -$0.14. The average estimate for the next quarter is thus -$0.12.
