IonQ Inc (NYSE:IONQ) shares traded -12.16% lower at $32.06 on Wall Street last session.
IONQ stock price is now 81.49% away from the 50-day moving average and 201.10% away from the 200-day moving average. The market capitalization of the company currently stands at $7.86B.
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, Alameddine Rima, Chief Revenue Officer sold 22,875 shares of the company’s stock on Oct 28 ’24. The stock was sold for $405,941 at an average price of $17.75. Upon completion of the transaction, the Chief Revenue Officer now directly owns 592,658 shares in the company, valued at $19.0 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 28 ’24, Officer RIMA ALAMEDDINE & ZIAD ALAMED bought 22,875 shares of the business’s stock. A total of $387,960 was incurred on buying the stock at an average price of $16.96. A total of 14.00% 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 $37.28. As of last week, the company has a debt-to-equity ratio of 0.04, a current ratio of 12.23, and a quick ratio of 11.68. The fifty day moving average price for IONQ is $17.1876 and a two-hundred day moving average price translates $10.5423 for the stock.
The latest earnings results from IonQ Inc (NYSE: IONQ) was released for 2024-09-30. The net profit margin was -457.85% and return on equity was -36.73% for IONQ. The company reported revenue of $12.4 million for the quarter, compared to $6.14 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 102.09 percent.
