IonQ Inc (NYSE:IONQ) shares, rose in value, with the stock price up by 2.89% to the previous day’s close as strong demand from buyers drove the stock to $8.20.
Actively observing the price movement in the last trading, the stock closed the session at $7.97. Referring to stock’s 52-week performance, its high was $21.60, and the low was $5.29. On the whole, IONQ has fluctuated by -14.14% over the past month.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that IONQ’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of IONQ currently trading nearly -2.92% and -14.13% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 45.75, while the 7-day volatility ratio is showing 6.39% which for the 30-day chart, stands at 5.92%. Furthermore, IonQ Inc (IONQ)’s beta value is 2.20, and its average true range (ATR) is 0.53.
A comparison of IonQ Inc (IONQ) with its peers suggests the former has fared considerably weaker in the market. IONQ showed an intraday change of 2.89% in last session, and over the past year, it grew by 40.41%%.
Data on historical trading for IonQ Inc (NYSE:IONQ) indicates that the trading volumes over the past 3 months, they’ve averaged 6.90 million. According to company’s latest data on outstanding shares, there are 206.61 million shares outstanding.
Nearly 15.23% of IonQ Inc’s shares belong to company insiders and institutional investors own 37.48% of the company’s shares. The stock has fallen by -33.82% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the IONQ stock heading into the next quarter.
