IonQ Inc (NYSE: IONQ) is 132.93% higher on its value in year-to-date trading and has touched a low of $6.22 and a high of $29.48 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The IONQ stock was last observed hovering at around $27.89 in the last trading session, with the day’s gains setting it 0.97%.
Currently trading at $28.86, the stock is 38.22% and 102.90% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 26.71 million and changing 3.48% at the moment leaves the stock 191.63% off its SMA200. IONQ registered 124.59% gain for a year compared to 6-month gain of 235.58%. The firm has a 50-day simple moving average (SMA 50) of $13.7912 and a 200-day simple moving average (SMA200) of $9.8039.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a 92.27% loss in the last 1 month and extending the period to 3 months gives it a 294.80%, and is 7.85% 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 16.68% over the week and 14.26% over the month.
IonQ Inc (IONQ) has around 324 employees, a market worth around $6.25B and $37.47M in sales. Profit margin for the company is -457.85%. Distance from 52-week low is 363.99% and -2.10% from its 52-week high. The company has generated returns on investments over the last 12 months (-38.05%).
IonQ Inc quarterly earnings per share for the current quarter are estimated at -0.12 with sales reaching $10.47M over the same period.The EPS is expected to shrink by -7.09% this year, but quarterly earnings will post 88.57% year-over-year. Quarterly sales are estimated to grow 71.53% in year-over-year returns.
322.0 institutions hold shares in IonQ Inc (IONQ), with institutional investors hold 40.96% of the company’s shares. The shares outstanding are 206.61M, and float is at 186.09M with Short Float at 21.12%. Institutions hold 36.93% 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 Alameddine Rima, the company’s Chief Revenue Officer. SEC filings show that Alameddine Rima sold 22,875 shares of the company’s common stock on Oct 28 ’24 at a price of $17.75 per share for a total of $0.41 million. Following the sale, the insider now owns 0.59 million shares.
Still, SEC filings show that on Oct 23 ’24, Alameddine Rima (Chief Revenue Officer) disposed off 12,000 shares at an average price of $15.72 for $0.19 million. The insider now directly holds 615,533 shares of IonQ Inc (IONQ).
