IonQ Inc (NYSE:IONQ) traded at $8.97 at close of the session on Friday, April 26, made an upward move of 9.66% on its previous day’s price.
Looking at the stock we see that its previous close was $8.18 . In terms of its 52-week price range, IONQ has a high of $21.60 and a low of $5.29. The company’s stock has lost about -6.07% over that past 30 days.
IonQ Inc has a market cap of $1.87 billion. Estimates by analysts give the company expected earnings per share (EPS) of -$0.25, with the EPS growth for the year raised at -$1.06 for 2024 and -$1.12 for next year. These figures represent -35.90% and -5.70% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $7.07 million, with a low of $7 million and a high of $7.27 million. The median projection represents growth squeezing down to 65.00% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $38.93 million, or 76.60% up from figures reported last year.
On the other hand, looking at the outlook for the IONQ stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 100% Sell. Long term indicators on average place the stock in the category of 100% Sell.
Looking further, we note the current price level is 7.64% off its SMA20 and -4.91% from its 50-day simple moving average. The RSI (14) is pointing at 55.26 while the volatility over the past week is 7.09% and jumps to 6.11% over the past one month. The beta value is 2.15, while the average true range (ATR) is currently pointing at 0.54.
Coming back to IonQ Inc (NYSE:IONQ), we note that the average 3-month trading volume was 6.89 million. Current shares outstanding are 206.61 million.
The insiders hold 15.23% of the company’s shares while institutions hold 37.48%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -27.60% down in year-to-date price movement.
