IonQ Inc (NYSE:IONQ) price on Wednesday, May 09, rose 1.74% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $8.78.
A look at the stock’s price movement, the close in the last trading session was $8.63. Turning to its 52-week performance, $21.60 and $6.00 were the 52-week high and 52-week low respectively. Overall, IONQ moved 4.52% over the past month.
IonQ Inc’s market cap currently stands at around $1.85 billion.
Analysts have a consensus estimate of 7.07M for the company’s revenue for the quarter, with a low and high estimate of 7M and 7.27M respectively. The average forecast suggests up to a 65.00% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 38.93M, representing a 76.60% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that IONQ is a 50% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
IONQ’s current price about 7.11% and -3.69% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 51.27, while 7-day volatility ratio is 4.48% and 5.69% in the 30-day chart. Further, IonQ Inc (IONQ) has a beta value of 2.15, and an average true range (ATR) of 0.51.
If we refocus on IonQ Inc (NYSE:IONQ), historical trading data shows that trading volumes averaged 6.84 million over the past 3 months. The company’s latest data on shares outstanding shows there are 206.61 million shares.
The 15.23% of IonQ Inc’s shares are in the hands of company insiders while institutional holders own 37.72% of the company’s shares. Current price change has pushed the stock -29.14% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the IONQ stock continues to rise going into the next quarter.