IonQ Inc (NYSE:IONQ) shares traded 5.01% higher at $17.81 on Wall Street last session.
IONQ stock price is now 91.05% away from the 50-day moving average and 98.25% away from the 200-day moving average. The market capitalization of the company currently stands at $3.81B.
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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 22,875 shares of the company’s stock on Oct 28 ’24. The stock was bought for $387,960 at an average price of $16.96. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 23 ’24, Chief Revenue Officer Alameddine Rima sold 12,000 shares of the business’s stock. A total of $188,640 was realized by selling the stock at an average price of $15.72. This leaves the insider owning 615,533 shares of the company worth $10.96 million. A total of 14.15% 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 $17.05. 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 $9.3224 and a two-hundred day moving average price translates $8.9834 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.
