IonQ Inc (NYSE: IONQ) is -36.88% lower on its value in year-to-date trading and has touched a low of $6.22 and a high of $19.29 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 $7.76 in the last trading session, with the day’s gains setting it 0.06%.
Currently trading at $7.82, the stock is 8.25% and 3.79% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.0 million and changing 0.77% at the moment leaves the stock -16.50% off its SMA200. IONQ registered -56.63% loss for a year compared to 6-month loss of -16.00%.
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The stock witnessed a 5.39% gain in the last 1 month and extending the period to 3 months gives it a 1.56%, and is 18.13% up 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 6.18% over the week and 5.28% over the month.
IonQ Inc (IONQ) has around 324 employees, a market worth around $1.67B and $31.20M in sales. Profit margin for the company is -525.13%. Distance from 52-week low is 25.72% and -59.46% from its 52-week high. The company has generated returns on investments over the last 12 months (-34.25%).
The EPS is expected to shrink by -4.49% this year.
IonQ Inc (IONQ) Top Institutional Holders
297.0 institutions hold shares in IonQ Inc (IONQ), with institutional investors hold 38.61% of the company’s shares. The shares outstanding are 206.61M, and float is at 183.72M with Short Float at 20.70%. Institutions hold 34.76% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 20.31 million shares valued at $142.76 million. The investor’s holdings represent 9.7558% of the IONQ Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 14.16 million shares valued at $99.55 million to account for 6.8029 of the shares outstanding. The other top investors are GEODE CAPITAL MANAGEMENT, LLC which holds 4.22 million shares representing 2.0277% and valued at over $29.68 million, while STATE STREET CORP holds 2.0106 of the shares totaling 4.19 million with a market value of $29.42 million.
IonQ Inc (IONQ) Insider Activity
The most recent transaction is an insider sale by Chapman Peter Hume, the company’s President and CEO. SEC filings show that Chapman Peter Hume sold 6,356 shares of the company’s common stock on Sep 11 ’24 at a price of $7.05 per share for a total of $44802.0. Following the sale, the insider now owns 0.43 million shares.
IonQ Inc disclosed in a document filed with the SEC on Sep 12 ’24 that Chapman Peter Hume (President and CEO) sold a total of 5,078 shares of the company’s common stock. The trade occurred on Sep 12 ’24 and was made at $7.31 per share for $37110.0. Following the transaction, the insider now directly holds 0.43 million shares of the IONQ stock.
Still, SEC filings show that on Apr 08 ’24, Kramer Thomas G. (Chief Financial Officer) acquired 5 shares at an average price of $9.28 for $46.0. The insider now directly holds 5 shares of IonQ Inc (IONQ).
