In yesterday’s Wall Street session, IonQ Inc (NYSE:IONQ) shares traded at $7.93, up 3.39% from the previous session.
IONQ stock price is now -1.71% away from the 50-day moving average and -25.48% away from the 200-day moving average. The market capitalization of the company currently stands at $1.68B.
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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, Alameddine Rima, CHIEF REVENUE OFFICER sold 10,565 shares of the company’s stock on Jun 12 ’24. The stock was sold for $85,914 at an average price of $8.13. Upon completion of the transaction, the CHIEF REVENUE OFFICER now directly owns 677,275 shares in the company, valued at $5.37 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 12 ’24, PRESIDENT AND CEO Chapman Peter Hume sold 6,394 shares of the business’s stock. A total of $51,995 was realized by selling the stock at an average price of $8.13. This leaves the insider owning 438,903 shares of the company worth $3.48 million. A total of 14.81% of the company’s stock is owned by insiders.
During the past 12 months, IonQ Inc has had a low of $6.33 and a high of $21.60. As of last week, the company has a debt-to-equity ratio of 0.03, a current ratio of 11.81, and a quick ratio of 11.34. The fifty day moving average price for IONQ is $8.063 and a two-hundred day moving average price translates $10.6066 for the stock.
The latest earnings results from IonQ Inc (NYSE: IONQ) was released for 2024-03-31. According to the Computer Hardware Company, earnings per share came in at -0.22, missing analysts’ expectations of -0.13 by -0.09. This compares to -$0.14 EPS in the same period last year. The net profit margin was -671.00% and return on equity was -32.95% for IONQ. The company reported revenue of $7.58 million for the quarter, compared to $4.29 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 76.94 percent. For the current quarter, analysts expect IONQ to generate $8.66M in revenue.
