Stocks of IonQ Inc (NYSE:IONQ) traded higher last session on Wall Street, down -7.00% to $8.63.
IONQ stock price is now -5.87% away from the 50-day moving average and -30.58% away from the 200-day moving average. The market capitalization of the company currently stands at $1.82B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target enhanced from $12 to $21, Craig Hallum maintained Buy rating for IonQ Inc (NYSE: IONQ). On April 26, 2023, Morgan Stanley recently initiated its ‘Equal-Weight’ rating on the stock quoting a target price of $7, while ‘Needham’ rates the stock as ‘Buy’
In other news, Chapman Peter Hume, PRESIDENT AND CEO sold 29,452 shares of the company’s stock on Mar 11 ’24. The stock was sold for $300,281 at an average price of $10.20. Upon completion of the transaction, the PRESIDENT AND CEO now directly owns 451,233 shares in the company, valued at $3.89 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 11 ’24, CHIEF REVENUE OFFICER Alameddine Rima sold 27,212 shares of the business’s stock. A total of $277,443 was realized by selling the stock at an average price of $10.20. This leaves the insider owning 697,647 shares of the company worth $6.02 million. A total of 15.23% of the company’s stock is owned by insiders.
During the past 12 months, IonQ Inc has had a low of $6.00 and a high of $21.60. As of last week, the company has a debt-to-equity ratio of 0.02, a current ratio of 10.49, and a quick ratio of 10.49.
According to the Computer Hardware Company, earnings per share came in at -0.14, missing analysts’ expectations of -0.11 by -0.03. This compares to -$0.09 EPS in the same period last year. The net profit margin was -715.77% and return on equity was -29.96% for IONQ. The company reported revenue of $6.11 million for the quarter, compared to $3.81 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 60.39 percent. For the current quarter, analysts expect IONQ to generate $7.07M in revenue.
