Where Will IonQ Stock Be in 1 Year?
IonQ (NYSE: IONQ) has taken investors on a wild ride since its public debut. The quantum computing company merged with a special purpose acquisition company (SPAC) and started trading at $10.60 per share on Oct. 1, 2021. IonQ's stock then nearly tripled to its all-time high of $31 on Nov. 17, 2021, but plummeted over the next 13 months to a low of just $3.04 per share on Dec. 28, 2022.
Like many other hyper-growth stocks, IonQ lost its luster as rising interest rates popped its bubbly valuations, highlighted its losses, and drove investors toward more conservative investments. But after bottoming out, IonQ's stock bounced back to about $12 again. Let's see if this volatile stock can stay ahead of the market over the next 12 months.
Image source: Getty Images.
Source Fool.com
