The Potential Rise in the Price of IonQ Inc. (IONQ) following insiders activity


In a filing, IonQ Inc. revealed its Chief Technology Officer Kim Jungsang unloaded Company’s shares for reported $12812.0 on Dec 12. In the deal valued at $4.43 per share,2,892 shares were sold. As a result of this transaction, Kim Jungsang now holds 6,571,493 shares worth roughly $ 29.18 million.

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Then, Babinski Laurie A. sold 5,199 shares, generating $23,032 in total proceeds. Upon selling the shares at $4.43, the General Counsel and Secretary now owns 238,803 shares.

Before that, Chapman Peter Hume sold 7,304 shares. IonQ Inc. shares valued at $32,357 were divested by the President and CEO at a price of $4.43 per share. As a result of the transaction, Chapman Peter Hume now holds 458,762 shares, worth roughly $2.04 million.

Needham initiated its IonQ Inc. [IONQ] rating to a Buy in a research note published on Tuesday, June 08, 2022; the price target was $9. PT values the company’s stock at a premium of 50.67 to its Tuesday 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 Tuesday, IonQ Inc. [NYSE:IONQ] saw its stock fall -1.33% to $4.44. On the same session, the stock had its day’s lowest price of $4.37, but rose to a high of $4.73. Over the last five days, the stock has gained 2.07%. IonQ Inc. shares have risen nearly 28.70% since the year began. Nevertheless, the stocks have fallen -59.19% over the past one year. While a 52-week high of $17.66 was reached on 01/24/23, a 52-week low of $3.04 was recorded on 01/03/23. SMA at 50 days reached $4.34, while 200 days put it at $5.53. A total of 1.79 million shares were traded, compared to the trading of 3.7 million shares in the previous session.

Levels Of Support And Resistance For IONQ Stock

The 24-hour chart illustrates a support level at 4.30, which if violated will result in even more drops to 4.15. On the upside, there is a resistance level at 4.66. A further resistance level may holdings at 4.87. The Relative Strength Index (RSI) on the 14-day chart is 59.02, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.37, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 22.66%. Stochastics %K at 83.16% indicates the stock is a selling.

How much short interest is there in IonQ Inc.?

A steep rise in short interest was recorded in IonQ Inc. stocks on Oct 13, 2022, growing by 1.9 million shares to a total of 23.9 million shares. Yahoo Finance data shows the prior-month short interest on Sep 14, 2022 was 22.0 million shares. There was a rise of 7.95%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 19.20% of the overall stock float, the days-to-cover ratio (short ratio) rose to 9.19.

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

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 13,416,872 shares, or roughly 6.71% of the outstanding IONQ shares. In other words, the investor’s shares have risen by 1,024,811 from its previous 13-F filing of 12392061.0. Additionally, BlackRock Fund Advisors increased 3.90% of its stake after which the total value it holdings stand at $25,363,748. Over the last quarter, Lockheed Martin Investment Manage sold -1,098,263 shares of IonQ Inc., while Geode Capital Management LLC sold 325,463 shares. At present, SSgA Funds Management, Inc. is holding 2,320,228 shares valued at $8.0 million. Lansdowne Partners owned 1,813,648 shares of the company at the time of its most recent 13F filing, worth $6.26 million.

According to FactSet, IonQ Inc.’s share price will average $8.80 in the next year, based on opinions of analysts polled by the firm. This is up nearly 100.0 percent from its previous closing price of $4.50. Analysts expect IonQ Inc. stock to reach the higher price of $12.00, while the lowest price estimate is $5.99. However, 5 analysts have rated IONQ stock as a Buy in their predictions for 2023.


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