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Positives for IonQ Inc (IONQ) as stock gains in recent trading

IonQ Inc (NYSE: IONQ) is -24.46% lower on its value in year-to-date trading and has touched a low of $5.29 and a high of $21.60 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The IONQ stock was last observed hovering at around $9.99 in the last trading session, with the day’s loss setting it -0.63%.

Currently trading at $9.36, the stock is -3.63% and -10.05% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.12 million and changing -6.31% at the moment leaves the stock -27.77% off its SMA200. IONQ registered 84.25% gain for a year compared to 6-month loss of -37.10%. The firm has a 50-day simple moving average (SMA 50) of $72.67 and a 200-day simple moving average (SMA200) of -$10.87.

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The stock witnessed a -12.20% gain in the last 1 month and extending the period to 3 months gives it a -24.46%, and is -1.99% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.37% over the week and 6.67% over the month.

IonQ Inc (IONQ) has around 324 employees, a market worth around $1.95B and $22.04M in sales. Profit margin for the company is -715.77%. Distance from 52-week low is 76.94% and -56.67% from its 52-week high. The company has generated returns on investments over the last 12 months (-32.04%).

IonQ Inc quarterly earnings per share for the current quarter are estimated at -$0.25 with sales reaching $7.07M over the same period.The EPS is expected to shrink by -35.58% this year, but quarterly earnings will post 76.60% year-over-year. Quarterly sales are estimated to grow 65.00% in year-over-year returns.

IonQ Inc (IONQ) Top Institutional Holders

294 institutions hold shares in IonQ Inc (IONQ), with institutional investors hold 44.30% of the company’s shares. The shares outstanding are 206.61M, and float is at 173.44M with Short Float at 24.50%. Institutions hold 41.06% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 17.34 million shares valued at $234.56 million. The investor’s holdings represent 8.56% of the IONQ Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 11.29 million shares valued at $152.78 million to account for 5.57% of the shares outstanding. The other top investors are SB Global Advisers Ltd which holds 6.14 million shares representing 3.03% and valued at over $21.18 million, while Softbank Group Corporation holds 3.03% of the shares totaling 6.14 million with a market value of $83.06 million.

IonQ Inc (IONQ) Insider Activity

The most recent transaction is an insider sale by Chapman Peter Hume,the company’sPRESIDENT AND CEO. SEC filings show that Chapman Peter Hume sold 29,452 shares of the company’s common stock on Mar 11 ’24 at a price of $10.20 per share for a total of $0.3 million. Following the sale, the insider now owns 0.45 million shares.

IonQ Inc disclosed in a document filed with the SEC on Mar 11 ’24 that Alameddine Rima (CHIEF REVENUE OFFICER) sold a total of 27,212 shares of the company’s common stock. The trade occurred on Mar 11 ’24 and was made at $10.20 per share for $0.28 million. Following the transaction, the insider now directly holds 0.7 million shares of the IONQ stock.

Still, SEC filings show that on Mar 11 ’24, Kramer Thomas G. (CHIEF FINANCIAL OFFICER) disposed off 19,672 shares at an average price of $10.20 for $0.2 million. The insider now directly holds 954,224 shares of IonQ Inc (IONQ).

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