The stock of IonQ Inc (NYSE:IONQ) last traded at $10.84, up 1.69% from the previous session.
IONQ stock price is now 37.79% away from the 50-day moving average and 22.08% away from the 200-day moving average. The market capitalization of the company currently stands at $2.32B.
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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, RIMA ALAMEDDINE & ZIAD ALAMED, Officer bought 9,875 shares of the company’s stock on Oct 11 ’24. The stock was bought for $96,874 at an average price of $9.81. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 11 ’24, President and CEO Chapman Peter Hume sold 6,356 shares of the business’s stock. A total of $44,802 was realized by selling the stock at an average price of $7.05. This leaves the insider owning 432,547 shares of the company worth $4.69 million. A total of 14.16% 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 $16.23. 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 $7.8672 and a two-hundred day moving average price translates $8.87915 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.
