IonQ Inc (NYSE: IONQ) stock jumped 4.10% on Friday to $12.70 against a previous-day closing price of $12.20. With 7.06 million shares changed hands, the volume of the stock remained lighter than its average volume of 10.97 million shares. During the session, the Computer Hardware company that operates in wider Technology sector, reached to the highest price of $12.85 whereas the lowest price it dropped to was $12.27. The 52-week range on IONQ shows that it touched its highest point at $21.60 and its lowest point at $3.04 during that stretch. It currently has a 1-year price target of $15.70. Beta for the stock currently stands at 2.30.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of IONQ was up-trending over the past week, with a rise of 19.14%, but this was down by -5.72% over a month. Three-month performance dropped to -11.93% while six-month performance rose 43.02%. The stock gained 141.90% in the past year, while it has gained 268.12% so far this year. A look at the trailing 12-month EPS for IONQ yields -0.67 with Next year EPS estimates of -0.88. For the next quarter, that number is -0.20. This implies an EPS growth rate of -209.00% for this year and -13.92% for next year.
Float and Shares Shorts:
At present, 199.86 million IONQ shares are outstanding with a float of 163.07 million shares on hand for trading. On Oct 30, 2023, short shares totaled 43.01 million, which was 21.23% higher than short shares on Sep 28, 2023. In addition to Mr. Peter Hume Chapman as the firm’s President, CEO & Director, Ms. Rima Alameddine serves as its Chief Revenue Officer.
Institutional Ownership:
Through their ownership of 41.33% of IONQ’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 33.42% of IONQ, in contrast to 17.92% held by mutual funds. Shares owned by individuals account for 14.23%. As the largest shareholder in IONQ with 8.59% of the stake, The Vanguard Group, Inc. holds 17,403,300 shares worth 17,403,300. A second-largest stockholder of IONQ, BlackRock Fund Advisors, holds 10,289,581 shares, controlling over 5.08% of the firm’s shares. SSgA Funds Management, Inc. is the third largest shareholder in IONQ, holding 3,441,170 shares or 1.70% stake. With a 2.49% stake in IONQ, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 5,040,381 shares are owned by the mutual fund manager. The Vanguard Small Cap Index Fund, which owns about 2.06% of IONQ stock, is the second-largest Mutual Fund holder. It holds 4,176,551 shares valued at 40.26 million. iShares Russell 2000 ETF holds 1.84% of the stake in IONQ, owning 3,731,929 shares worth 35.98 million.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for IONQ since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With IONQ analysts setting a high price target of $21.00 and a low target of $12.00, the average target price over the next 12 months is $15.70. Based on these targets, IONQ could surge 65.35% to reach the target high and fall by -5.51% to reach the target low. Reaching the average price target will result in a growth of 23.62% from current levels.
