The time has not yet come to remove your chips from the table: IonQ Inc (IONQ)

With 5.64 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.76 shares. The 52-week range on IONQ shows that it touched its highest point at $21.60 and its lowest point at $4.38 during that stretch. It currently has a 1-year price target of $16.00. Beta for the stock currently stands at 2.21.

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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 8.67%, but this was down by -7.69% over a month. Three-month performance dropped to -2.19% while six-month performance fell -21.35%. The stock gained 117.54% in the past year, while it has lost -9.93% 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 168.09 million shares on hand for trading. On Jan 31, 2024, short shares totaled 45.77 million, which was 22.36% higher than short shares on Dec 29, 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 37.39% of IONQ’s outstanding shares, institutional investors have minority control over the company.

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 $16.00. Based on these targets, IONQ could surge 88.17% to reach the target high and rise by 7.53% to reach the target low. Reaching the average price target will result in a growth of 43.37% from current levels.