Arqq stock price forecast indicates potential volatility in Q3

ARQQ stock price forecast indicates potential volatility in Q3 2024, with analysts projecting a trading range between $1.45 and $1. IonQ (NYSE: IONQ ) is one of the leading names in the quantum computing space. The stock became publicly available in 2021 via a SPAC merger. IonQ was the first pure-play quantum computing company to become publicly available to investors. Given that quantum computing remains in its nascent stages, IonQ is going to remain at the center of all conversations on the topic. In June 2020, the company unveiled it had built the world’s most powerful quantum computer with a quantum volume of 64. Back then, this was twice as powerful as other alternatives. Owing to its proprietary precision control and ultra-high vacuum chamber, Honeywell’s approach yielded the lowest error rates. Based on earnings projections, ARQQ stock price forecast implies a moderate rebound, with consensus estimates placing year-end price targets near $2.