IonQ Inc (NYSE: IONQ) is 258.51% higher on its value in year-to-date trading and has touched a low of $6.22 and a high of $44.99 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 $37.76 in the last trading session, with the day’s gains setting it 6.66%.
Currently trading at $44.42, the stock is 26.84% and 75.52% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 47.54 million and changing 17.64% at the moment leaves the stock 257.25% off its SMA200. IONQ registered 231.74% gain for a year compared to 6-month gain of 557.10%. The firm has a 50-day simple moving average (SMA 50) of $25.3082 and a 200-day simple moving average (SMA200) of $12.43375.
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The stock witnessed a 53.92% loss in the last 1 month and extending the period to 3 months gives it a 454.56%, and is 31.30% 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 22.19% over the week and 15.72% over the month.
IonQ Inc (IONQ) has around 324 employees, a market worth around $11.31B and $37.47M in sales. Profit margin for the company is -457.85%. Distance from 52-week low is 614.15% and -1.27% from its 52-week high. The company has generated returns on investments over the last 12 months (-38.05%).
with sales reaching $10.52M over the same period.The EPS is expected to shrink by -7.98% this year, but quarterly earnings will post 88.93% year-over-year. Quarterly sales are estimated to grow 72.22% in year-over-year returns.
IonQ Inc (IONQ) Top Institutional Holders
321.0 institutions hold shares in IonQ Inc (IONQ), with institutional investors hold 40.57% of the company’s shares. The shares outstanding are 215.98M, and float is at 186.46M with Short Float at 16.20%. Institutions hold 36.59% 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 21,337 shares of the company’s common stock on Dec 11 ’24 at a price of $29.73 per share for a total of $0.63 million. Following the sale, the insider now owns 0.57 million shares.
IonQ Inc disclosed in a document filed with the SEC on Dec 11 ’24 that Kramer Thomas G. (Chief Financial Officer) sold a total of 9,780 shares of the company’s common stock. The trade occurred on Dec 11 ’24 and was made at $29.72 per share for $0.29 million. Following the transaction, the insider now directly holds 0.93 million shares of the IONQ stock.
Still, SEC filings show that on Dec 11 ’24, Chapman Peter Hume (President and CEO) disposed off 13,106 shares at an average price of $29.73 for $0.39 million. The insider now directly holds 414,363 shares of IonQ Inc (IONQ).
