With 17.77 million shares changed hands, the volume of the stock remained lighter than its average volume of 25.96 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 $46.17. Beta for the stock currently stands at 2.59.
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 -16.33%, but this was down by -53.91% over a month. Three-month performance dropped to -47.98% while six-month performance rose 175.00%. The stock gained 71.56% in the past year, while it has lost -55.23% so far this year. A look at the trailing 12-month EPS for IONQ yields -1.54 with Next year EPS estimates of -1.20. For the next quarter, that number is -0.26. This implies an EPS growth rate of 30.34% for this year and -10.43% for next year. EPS is expected to grow by 14.65% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -85.81%.
Float and Shares Shorts:
At present, 221.92 million IONQ shares are outstanding with a float of 197.34 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 -$0.76194 being high and -$1.04622 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.
