IonQ Inc [NYSE: IONQ] stock went on an upward path that rose over 10.84% on Friday, amounting to a one-week price decrease of less than -0.97%.
Over the last 12 months, IONQ stock rose by 300.42%. The one-year IonQ Inc stock forecast points to a potential downside of -23.85. The average equity rating for IONQ stock is currently 2.11, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $11.46 billion, with 215.98 million shares outstanding and 186.71 million shares in the current float. Compared to the average trading volume of 25.70M shares, IONQ stock reached a trading volume of 28089617 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 $38.57 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 2.11. 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.
DA Davidson have made an estimate for IonQ Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on December 19, 2024. While these analysts kept the previous recommendation, Craig Hallum raised their target price from $12 to $21. The new note on the price target was released on August 11, 2023, representing the official price target for IonQ Inc stock. Previously, the target price had yet another raise to $7, while Morgan Stanley analysts kept a Equal-Weight rating on IONQ stock.
The Average True Range (ATR) for IonQ Inc is set at 4.95, with the Price to Sales ratio for IONQ stock in the period of the last 12 months amounting to 305.77. The Price to Book ratio for the last quarter was 23.68, with the Price to Cash per share for the same quarter was set at 1.52.
IONQ Stock Performance Analysis:
IonQ Inc [IONQ] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.97. With this latest performance, IONQ shares gained by 45.68% in over the last four-week period, additionally plugging by 544.67% over the last 6 months – not to mention a rise of 300.42% 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 63.25, with the RSI for the last a single of trading hit 63.81, and the three-weeks RSI is set at 63.37 for IonQ Inc [IONQ]. The present Moving Average for the last 50 days of trading for this stock 30.44, while it was recorded at 44.48 for the last single week of trading, and 13.83 for the last 200 days.
Insight into IonQ Inc Fundamentals:
IonQ Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 11.68 and a Current Ratio set at 12.23.
IONQ Stock EPS
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 $36.62%, or 40.60%% 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%.
