IonQ Inc (NYSE:IONQ) price closed lower on Friday, May 03, dropping -0.67% below its previous close.
A look at the daily price movement shows that the last close reads $9.00. Taking into account the 52-week price action we note that the stock hit a 52-week high of $21.60 and 52-week low of $5.29. The stock subtracted -1.97% on its value in the past month.
IonQ Inc, which has a market valuation of $1.86 billion. Analysts tracking IONQ have forecast the quarterly EPS to shrink by -0.25 per share this quarter, while the same analysts predict the annual EPS to hit -$1.06 for the year 2024 and up to -$1.12 for 2025. In this case, analysts estimate an annual EPS growth of -35.90% for the year and -5.70% for the next year.
On average, analysts have forecast the company’s revenue for the quarter will hit $7.07 million, with the likely lows of $7 million and highs of $7.27 million. The average estimate suggests sales growth for the quarter will likely rise by 65.00% when compared to those recorded in the same quarter in the last financial year. Staying with the analyst view, there is a consensus estimate of $38.93 million for the company’s annual revenue in 2024. Per this projection, the revenue is forecast to grow 76.60% above that which the company brought in 2024.
On the technical perspective front, indicators give IONQ a short term outlook of 50% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.
The overview shows that IONQ’s price is at present 9.65% off the SMA20 and -3.22% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 54.31, with weekly volatility standing at 5.22%. The indicator jumps to 6.13% when calculated based on the past 30 days. IonQ Inc (NYSE:IONQ)’s beta value is holding at 2.17, while the average true range (ATR) indicator is currently reading 0.52.
An analysis of the IonQ Inc (NYSE:IONQ) stock in terms of its daily trading volume indicates that the 3-month average is 6.79 million.
Current records show that the company has 206.61M in outstanding shares. The insiders’ percentage holdings are 15.23% of outstanding shares while the percentage share held by institutions stands at 37.65%. But the -27.85% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
