Gains May Be On The Menu For IonQ Inc (NYSE: IONQ)

Currently, there are 206.61M common shares owned by the public and among those 176.51M shares have been available to trade.

The company’s stock has a 5-day price change of 19.09% and -20.43% over the past three months. IONQ shares are trading -28.01% year to date (YTD), with the 12-month market performance up to 60.72% higher. It has a 12-month low price of $5.29 and touched a high of $21.60 over the same period. IONQ has an average intraday trading volume of 6.91 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 7.70%, -5.05%, and -29.27% respectively.

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Institutional ownership of IonQ Inc (NYSE: IONQ) shares accounts for 37.48% of the company’s 206.61M shares outstanding.

It has a market capitalization of $1.86B and a beta (3y monthly) value of 2.16. The earnings-per-share (ttm) stands at -$0.78. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.45% over the week and 5.98% over the month.

Analysts forecast that IonQ Inc (IONQ) will achieve an EPS of -$0.25 for the current quarter, -$0.26 for the next quarter and -$1.12 for 2025. The lowest estimate earnings-per-share for the quarter is -$0.27 while analysts give the company a high EPS estimate of -$0.22. Comparatively, EPS for the current quarter was -$0.14 a year ago. Earnings per share for the fiscal year are expected to decrease by -35.58%, and -3.55% over the next financial year.

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. Morgan Stanley coverage for the IonQ Inc (IONQ) stock in a research note released on April 26, 2023 offered a Equal-Weight rating with a price target of $7. Needham was of a view on June 08, 2022 that the stock is Buy, while Goldman gave the stock Neutral rating on November 22, 2021, issuing a price target of $28.

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