With 15.97 million shares changed hands, the volume of the stock remained lighter than its average volume of 21.44 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 $40.00. Beta for the stock currently stands at 2.60.
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 -3.27%, but this was up by 33.91% over a month. Three-month performance surged to 89.88% while six-month performance rose 19.00%. The stock gained 406.10% in the past year, while it has lost -6.58% so far this year. A look at the trailing 12-month EPS for IONQ yields -1.49 with Next year EPS estimates of -1.51. For the next quarter, that number is -0.32. This implies an EPS growth rate of 25.64% for this year and -30.60% for next year. EPS is expected to grow by 4.82% 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, 243.07 million IONQ shares are outstanding with a float of 235.64 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 -$0.75079 being high and -$1.02381 being low. For IONQ, this leads to a yearly average estimate of -$0.86667.
