IonQ Inc [NYSE: IONQ] gained 6.76% on the last trading session, reaching $21810000.0 price per share at the time.
IonQ Inc represents 261.63 million in outstanding shares, while the company has a total market value of $11.24 billion with the latest information. IONQ stock price has been found in the range of $41.0803 to $44.1.
If compared to the average trading volume of 21.81M shares, IONQ reached a trading volume of 29395417 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about 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 $43.00 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 1.83. 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 Price to Book ratio for the last quarter was 13.65, with the Price to Cash per share for the same quarter was set at 2.25.
Trading performance analysis for IONQ stock
IonQ Inc [IONQ] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.45. With this latest performance, IONQ shares dropped by -0.53% in over the last four-week period, additionally sinking by -3.61% over the last 6 months – not to mention a rise of 2.87% in the past year of trading.
IonQ Inc [IONQ]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and IonQ Inc [IONQ] shares currently have an operating margin of -589.35% and a Gross Margin at 0.69%. IonQ Inc’s Net Margin is presently recorded at -753.20%.
Return on Equity for this stock declined to -46.53%, with Return on Assets sitting at -46.53%.
IonQ Inc [IONQ]: An earnings per share (EPS) analysis
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 6.26%.
An analysis of Institutional ownership at IonQ Inc [IONQ]
There are presently around $38.63%, or 39.92% 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 9.5955%. 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 1.9943%.
