With over 5.47 million IonQ Inc (IONQ) shares trading Monday and a closing price of $12.10 on the day, the dollar volume was approximately $66.24 million. The shares have shown a positive half year performance of 21.00% and its price on 11/27/23 lost nearly -2.10%. Currently, there are 199.86M common shares owned by the public and among those 167.67M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 6 analysts who have offered their price forecasts for IONQ have a consensus price objective of $16.00. The analysts have set the share’s price value over the next 12 months at a high of $21.00 and a low of $12.00. The average price target is 24.38% above its recent price level and a downside to the estimated low will see the stock lose -0.83% over that period. But an upside of 42.38% will see the stock hit the forecast high price target while median target price for the stock is $16.00.
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Shares of IonQ Inc (NYSE: IONQ) opened at $12.19, down -$0.17 from a prior closing price of $12.36. However, the script later moved the day high at 12.60, down -2.10%. The company’s stock has a 5-day price change of -4.72% and -20.76% over the past three months. IONQ shares are trading 250.72% year to date (YTD), with the 12-month market performance up to 142.97% higher. It has a 12-month low price of $3.04 and touched a high of $21.60 over the same period. IONQ has an average intraday trading volume of 10.57 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 5.10%, -7.45%, and 11.36% respectively.
Institutional ownership of IonQ Inc (NYSE: IONQ) shares accounts for 31.78% of the company’s 199.86M shares outstanding.
It has a market capitalization of $2.48B and a beta (3y monthly) value of 2.30. The earnings-per-share (ttm) stands at -$0.67. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.09% over the week and 7.25% over the month.
Analysts forecast that IonQ Inc (IONQ) will achieve an EPS of -$0.2 for the current quarter, -$0.21 for the next quarter and -$0.88 for 2024. The lowest estimate earnings-per-share for the quarter is -$0.22 while analysts give the company a high EPS estimate of -$0.17. Comparatively, EPS for the current quarter was -$0.09 a year ago. Earnings per share for the fiscal year are expected to decrease by -209.00%, and -13.92% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 6 brokerage firm advisors rate IonQ Inc (IONQ) as a “Moderate Buy” at a consensus score of 2.00. Specifically, 3 Wall Street analysts polled rate the stock as a buy, while 3 of the 6 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the IONQ, a number of firms have released research notes about the stock. Craig Hallum stated their Buy rating for the stock in a research note on August 11, 2023, with the firm’s price target at $12-$21.
