IonQ Inc. (IONQ) may enjoy gains as insiders got busy in the recent days


In a filing, IonQ Inc. revealed its Chief Scientist Monroe Christopher unloaded Company’s shares for reported $8421.0 on Sep 12. In the deal valued at $5.44 per share,1,548 shares were sold. As a result of this transaction, Monroe Christopher now holds 6,618,648 shares worth roughly $ 34.15 million.

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Then, Kramer Thomas G. sold 3,058 shares, generating $16,636 in total proceeds. Upon selling the shares at $5.44, the Chief Financial Officer now owns 827,311 shares.

Before that, Chapman Peter Hume sold 7,255 shares. IonQ Inc. shares valued at $39,467 were divested by the President and CEO at a price of $5.44 per share. As a result of the transaction, Chapman Peter Hume now holds 466,066 shares, worth roughly $2.4 million.

Needham initiated its IonQ Inc. [IONQ] rating to a Buy in a research note published on Friday, June 08, 2022; the price target was $9. PT values the company’s stock at a premium of 42.67 to its Friday closing price. A number of analysts have revised their coverage, including Goldman’s analysts, who began to cover the stock in late November with a ‘”a Neutral”‘ rating.

Price Performance Review of IONQ

On Friday, IonQ Inc. [NYSE:IONQ] remained unchanged $5.16. On the same session, the stock had its day’s lowest price of $5.02, but rose to a high of $5.37. Over the last five days, the stock has lost -9.31%. IonQ Inc. shares have fallen nearly -69.10% since the year began. Nevertheless, the stocks have fallen -68.59% over the past one year. While a 52-week high of $35.90 was reached on 01/04/22, a 52-week low of $4.16 was recorded on 05/12/22. SMA at 50 days reached $5.37, while 200 days put it at $7.88. A total of 2.23 million shares were traded, compared to the trading of 1.87 million shares in the previous session.

Levels Of Support And Resistance For IONQ Stock

The 24-hour chart illustrates a support level at 5.00, which if violated will result in even more drops to 4.83. On the upside, there is a resistance level at 5.35. A further resistance level may holdings at 5.53. The Relative Strength Index (RSI) on the 14-day chart is 46.20, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.11, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 78.03%. Stochastics %K at 27.38% indicates the stock is a holding.

How much short interest is there in IonQ Inc.?

A steep rise in short interest was recorded in IonQ Inc. stocks on Jul 14, 2022, growing by 4.14 million shares to a total of 21.05 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 16.91 million shares. There was a rise of 19.67%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 17.05% of the overall stock float, the days-to-cover ratio (short ratio) rose to 5.16.

IonQ Inc. [IONQ] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 12,392,061 shares, or roughly 6.22% of the outstanding IONQ shares. In other words, the investor’s shares have risen by 8,688,732 from its previous 13-F filing of 3703329.0. Additionally, BlackRock Fund Advisors increased 345.80% of its stake after which the total value it holdings stand at $35,873,916. At present, Geode Capital Management LLC is holding 2,029,189 shares valued at $10.29 million. Lansdowne Partners owned 1,994,852 shares of the company at the time of its most recent 13F filing, worth $10.11 million.

According to FactSet, IonQ Inc.’s share price will average $10.50 in the next year, based on opinions of analysts polled by the firm. This is up nearly 103.49 percent from its previous closing price of $5.16. Analysts expect IonQ Inc. stock to reach the higher price of $12.00, while the lowest price estimate is $9.00. However, 4 analysts have rated IONQ stock as an Overweight in their predictions for 2022.


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