In yesterday’s Wall Street session, IonQ Inc (NYSE:IONQ) shares traded at $7.23, up 4.78% from the previous session.
IONQ stock price is now -3.73% away from the 50-day moving average and -23.39% away from the 200-day moving average. The market capitalization of the company currently stands at $1.55B.
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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, Chapman Peter Hume, Officer bought 15,530 shares of the company’s stock on Sep 11 ’24. The stock was bought for $109,332 at an average price of $7.04. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 11 ’24, Officer Alameddine Rima bought 25,650 shares of the business’s stock. A total of $180,576 was incurred on buying the stock at an average price of $7.04. A total of 14.36% of the company’s stock is owned by insiders.
During the past 12 months, IonQ Inc has had a low of $6.22 and a high of $21.60. As of last week, the company has a debt-to-equity ratio of 0.04, a current ratio of 13.15, and a quick ratio of 12.53. The fifty day moving average price for IONQ is $7.5176 and a two-hundred day moving average price translates $9.4117 for the stock.
The latest earnings results from IonQ Inc (NYSE: IONQ) was released for 2024-06-30. The net profit margin was -525.13% and return on equity was -33.22% for IONQ. The company reported revenue of $11.38 million for the quarter, compared to $5.51 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 106.36 percent.
