Million

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>NASDAQ: IONQ stock lost more than 17% of its trading price in the weekly time frame.</a> </li> 
 <li> <span>2</span> <a>In Q1 2023, IonQ, Inc impressed its investors by reporting 12.94% more revenue than estimated figures.</a> </li> 
</ul> 
<p>NASDAQ: IONQ stock lost 10.41% of its trading price on the August 8 trading session; it opened trading at $17.41, lowering to $15, it hit a high of $17.41 and closed at $15.58 with an intraday trading volume of 15.512 Million.</p> 
<p>In the 52 weeks’ time frame, IONQ stock’s highest traded price was $20.14, and its lowest traded price was $3.04. However, IONQ, Inc. lost more than 17% of its trading price in the weekly time frame.</p> 
<p>IONQ stock was trading 26.19% above its annual price target of $11.50 at press time. Despite intraday and weekly losses, the stock price reflected a gain of 13.56% in a month and 152.10% in a year.</p> 
<h2 class="wp-block-heading" id="strong-ionq-stock-price-analysis-strong"><strong>IONQ Stock Price Analysis&nbsp;</strong></h2> 
<p>In the last two trading sessions, sellers troubled buyers and succeeded in pulling the price of IONQ stock downwards. After analyzing the technical aspects of the company’s stock, it is noted that sellers succeeded in maintaining their position resulting in 19.82% losses in two days.</p> 
<p>If sellers continued their dominance, then IONQ stock might face immediate support of $14.15, and if the price fails to sustain at this level, then it might fall below $14 and face the following possible support of $13.49.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh3.googleusercontent.com/raUtkbNCUtU6iUnPRTiLSkm--OsHadIP5Xy_TBC1OAOkja6Fuf--xTHSIxtOZ6TG3TRuD-LXqcBVcLk2Lr8hO_WBSfX1Fz5ok7XB4ISW-nrKwXnxz3zZNsH6fB5GyjMTbm_IgzLywi5J-_9lHX0Ttw" alt="IONQ Stock Lost More Than 17%; Bears Accumulating Near Support"> 
  <figcaption class="wp-element-caption">
    Source: IONQ stock price from TradingView&nbsp; 
  </figcaption> 
 </figure> 
</div> 
<p>At press time, IONQ stock is trading above the 50-day and 200-day exponential moving average (EMA) but is still trading below the 20-day EMA. Dozens of market analysts claim that Ionq, Inc stock might surge in the coming weeks if the company reports positive earnings for Q2 2023.&nbsp;</p> 
<p>If buyers succeed in dominating the sellers by the end of the week or post-earnings release, then the IONQ <a href="https://www.thecoinrepublic.com/2023/08/07/marvell-stock-price-prediction-will-mrvl-fall-below-the-50-mark/" target="_blank" rel="noopener noreferrer nofollow">stock price</a> might face immediate resistance of $18.01. If their activities continue, then it might face the following resistance of $19.42.</p> 
<h3 class="wp-block-heading" id="strong-ionq-inc-earnings-revenue-strong"><strong>IonQ, Inc Earnings &amp; Revenue</strong></h3> 
<p>In Q1 2023, IonQ, Inc impressed its investors by reporting 12.94% more revenue than estimated figures; as per estimation the company was supposed to report $3.79 Million in revenue, but it reported $4.29 Million. For Q2 and Q3, the company is supposed to report $4.35 Million &amp; $4.94 Million in revenue.&nbsp;</p> 
<p>In the financial year 2022, the total revenue of IonQ, Inc. includes 23% of gross profit, -720% of earnings before interest, taxes, depreciation, and amortization (EBITDA), -770% of earnings before interest and taxes (EBIT) and -436% of net income.</p> 
<p>According to TradingView, 136.338 Million IONQ shares are free-floating, and the remaining 64.69 Million are closely held by the company’s financial backers or the board of directors.&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Conclusion&nbsp;</strong></h4> 
<p>The investors have feared the sudden decline in IONQ stock price. Still, after analyzing the technical aspects, the recent decline seems like a short squeeze, and it might reverse the trend and start moving upwards.</p> 
<h5 class="wp-block-heading"><strong><strong>Disclaimer</strong>&nbsp;</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.</p>

IONQ Stock Lost More Than 17%; Bears Accumulating Near Support

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Thecoinrepublic.com

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