The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. IonQ Inc. shares valued at $2,815,374 were sold by New Enterprise Associates 15, on May 31. At $5.65 per share, New Enterprise Associates 15, sold 498,614 shares. The insider’s holdings dropped to 26,306,693 shares worth approximately $131.27 million following the completion of this transaction.
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Also, New Enterprise Associates 15, sold 1,497,733 shares, netting a total of over 8,880,359 in proceeds. Following the sale of shares at $5.93 each, the insider now holds 26,805,307 shares.
Before that, New Enterprise Associates 15, had sold 926,619 shares from its account. In a trade valued at $5,377,726, the 10% Owner traded IonQ Inc. shares for $5.80 each. Upon closing the transaction, the insider’s holdings decreased to 926,619 shares, worth approximately $141.23 million.
As published in their initiating research note from Needham on June 08, 2022, IonQ Inc. [IONQ] has been a Buy and the price target has been revised to $9. This represents a 44.56% premium over Wednesday’s closing price. Analysts at Goldman started covering the stock with ‘”a Neutral”‘ outlook in a report released in late November.
Analyzing IONQ’s Price Performance
On Wednesday, IonQ Inc. [NYSE: IONQ] plunged -2.92% to $4.99. The stock’s lowest price that day was $4.94, but it reached a high of $5.32 in the same session. During the last five days, there has been a surge of approximately 8.24%. Over the course of the year, IonQ Inc. shares have dropped approximately -70.12%. Shares of the company reached a 52-week high of $17.86 on 01/04/22 and a 52-week low of $4.16 on 05/12/22. A 50-day SMA is recorded $6.68, while a 200-day SMA reached $12.48. Nevertheless, trading volume fell to 4.73 million shares from 5.84 million shares the previous day.
Support And Resistance Levels for IonQ Inc. (IONQ)
According to the 24-hour chart, there is a support level at 4.85, which, if violated, would cause prices to drop to 4.70. In the upper region, resistance lies at 5.23. The next price resistance is at 5.46. RSI (Relative Strength Index) is 41.65 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.13, which suggests the price will decrease in the coming days. Percent R is at 63.33%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is IonQ Inc. subject to short interest?
Stocks of IonQ Inc. saw a sharp steep in short interest on Apr 28, 2022 dropping by -0.38 million shares to 7.26 million. Data from Yahoo Finance shows that the short interest on Mar 30, 2022 was 7.64 million shares. A decline of -5.23% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 1.42 of the overall float, the days-to-cover ratio (short ratio) decline to 1.42.
Which companies own the most shares of IonQ Inc. (IONQ)?
According to The Vanguard Group, Inc. filings, the company currently owns 3,703,329 shares, which is about 1.87% of the total IONQ shares outstanding. The investor’s shares have appreciated by 156,891 from its previous 13-F filing of 3546438.0 shares. With the completion of the sale, Lockheed Martin Investment Manage’s stake is now worth $20,875,042. Lansdowne Partners reduced a -0.49% interest valued at $15.2 million while Bluecrest Capital Management LLP 1,900,000 stake. A total of -632,064 shares of IonQ Inc. by Fidelity Management & Research Co during the quarter, and -32,698 were sold by BlackRock Fund Advisors. In its current portfolio, MSD Partners LP holds 1,000,000 shares valued at $5.75 million.
In terms of IonQ Inc. share price expectations, FactSet research, analysts set an average price target of $11.60 in the next 12 months, up nearly 133.46% from the previous closing price of $5.14. Analysts anticipate IonQ Inc. stock to reach $15.00 by 2022, with the lowest price target being $9.00. In spite of this, 5 analysts ranked IonQ Inc. stock as a Buy at the end of 2022.