Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. IonQ Inc. shares valued at $8,421 were sold by Monroe Christopher on Sep 12. At $5.44 per share, Monroe Christopher sold 1,548 shares. The insider’s holdings dropped to 6,618,648 shares worth approximately $32.89 million following the completion of this transaction.
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Also, Kramer Thomas G. sold 3,058 shares, netting a total of over 16,636 in proceeds. Following the sale of shares at $5.44 each, the insider now holds 827,311 shares.
Before that, Chapman Peter Hume had sold 7,255 shares from its account. In a trade valued at $39,467, the President and CEO traded IonQ Inc. shares for $5.44 each. Upon closing the transaction, the insider’s holdings decreased to 7,255 shares, worth approximately $2.32 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 44.78% premium over Thursday’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 Thursday, IonQ Inc. [NYSE: IONQ] plunged -4.42% to $4.97. The stock’s lowest price that day was $4.855, but it reached a high of $5.25 in the same session. During the last five days, there has been a drop of approximately -13.72%. Over the course of the year, IonQ Inc. shares have dropped approximately -70.24%. 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 $5.77, while a 200-day SMA reached $9.57. Nevertheless, trading volume fell to 2.76 million shares from 1.99 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 4.80, which, if violated, would cause prices to drop to 4.63. In the upper region, resistance lies at 5.19. The next price resistance is at 5.42. RSI (Relative Strength Index) is 37.86 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.33, which suggests the price will decrease in the coming days. Percent R is at 89.78%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is IonQ Inc. subject to short interest?
Stocks of IonQ Inc. saw a sharp rise in short interest on Jul 14, 2022 jumping by 4.14 million shares to 21.05 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 16.91 million shares. A jump of 19.67% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 5.16 of the overall float, the days-to-cover ratio (short ratio) jumped to 5.16.
Which companies own the most shares of IonQ Inc. (IONQ)?
According to The Vanguard Group, Inc. filings, the company currently owns 12,392,061 shares, which is about 6.22% of the total IONQ shares outstanding. The investor’s shares have appreciated by 8,688,732 from its previous 13-F filing of 3703329.0 shares. With the completion of the buy transaction, BlackRock Fund Advisors’s stake is now worth $42,029,795. In its current portfolio, Lansdowne Partners holds 1,994,852 shares valued at $11.85 million.
In terms of IonQ Inc. share price expectations, FactSet research, analysts set an average price target of $10.50 in the next 12 months, up nearly 101.92% from the previous closing price of $5.20. Analysts anticipate IonQ Inc. stock to reach $12.00 by 2022, with the lowest price target being $9.00. In spite of this, 4 analysts ranked IonQ Inc. stock as an Overweight at the end of 2022.