IonQ Inc [NYSE: IONQ] stock went on an upward path that rose over 8.66% on Friday, amounting to a one-week price increase of more than 14.50%.
Over the last 12 months, IONQ stock dropped by -32.06%. The one-year IonQ Inc stock forecast points to a potential downside of -3.7. The average equity rating for IONQ stock is currently 1.86, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $2.28 billion, with 206.61 million shares outstanding and 183.76 million shares in the current float. Compared to the average trading volume of 6.01M shares, IONQ stock reached a trading volume of 11633915 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on IonQ Inc [IONQ]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for IONQ shares is $10.28 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on IONQ stock is a recommendation set at 1.86. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Craig Hallum have made an estimate for IonQ Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on August 11, 2023. While these analysts kept the previous recommendation, Morgan Stanley raised their target price to Equal-Weight. The new note on the price target was released on April 26, 2023, representing the official price target for IonQ Inc stock. Previously, the target price had yet another raise to $9, while Needham analysts kept a Buy rating on IONQ stock.
The Average True Range (ATR) for IonQ Inc is set at 0.71, with the Price to Sales ratio for IONQ stock in the period of the last 12 months amounting to 73.14. The Price to Book ratio for the last quarter was 4.92, with the Price to Cash per share for the same quarter was set at 1.73.
IONQ Stock Performance Analysis:
IonQ Inc [IONQ] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 14.50. With this latest performance, IONQ shares gained by 44.44% in over the last four-week period, additionally plugging by 32.75% over the last 6 months – not to mention a drop of -32.06% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for IONQ stock in for the last two-week period is set at 69.18, with the RSI for the last a single of trading hit 73.77, and the three-weeks RSI is set at 65.76 for IonQ Inc [IONQ]. The present Moving Average for the last 50 days of trading for this stock 7.79, while it was recorded at 9.73 for the last single week of trading, and 8.89 for the last 200 days.
Insight into IonQ Inc Fundamentals:
IonQ Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 12.53 and a Current Ratio set at 13.15.
IONQ Stock EPS
With the latest financial reports released by the company, IonQ Inc posted -0.22/share EPS, while the average EPS was predicted by analysts to be reported at -0.18/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -0.04. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for IONQ. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for IonQ Inc go to 20.00%.
IonQ Inc [IONQ] Institutonal Ownership Details
There are presently around $34.85%, or 38.71%% of IONQ stock, in the hands of institutional investors. The top three institutional holders of IONQ stocks are: VANGUARD GROUP INC with ownership of 20.31 million shares, which is approximately 9.7558%. BLACKROCK INC., holding 14.16 million shares of the stock with an approximate value of $$99.55 million in IONQ stocks shares; and BLACKROCK INC., currently with $$29.68 million in IONQ stock with ownership which is approximately 2.0277%.
