In yesterday’s Wall Street session, IonQ Inc (NYSE:IONQ) shares traded at $12.70, up 4.10% from the previous session.
6 analysts cover IonQ Inc (NYSE:IONQ), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $21.00 and a low of $12.00, we find $16.00. Given the previous closing price of $12.20, this indicates a potential upside of 31.15 percent. IONQ stock price is now -7.45% away from the 50-day moving average and 18.85% away from the 200-day moving average. The market capitalization of the company currently stands at $2.60B.
The stock has received a hold rating from 3 analysts and a buy rating from 3. Brokers who have rated the stock have averaged $16.00 as their price target over the next twelve months.
With the price target enhanced from $12 to $21, Craig Hallum maintained Buy rating for IonQ Inc (NYSE: IONQ).
In other news, Monroe Christopher, Chief Scientist sold 200,000 shares of the company’s stock on Jun 01. The stock was sold for $2,150,000 at an average price of $10.75. Upon completion of the transaction, the Chief Scientist now directly owns 2,056,254 shares in the company, valued at $26.11 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 25, President and CEO Chapman Peter Hume sold 11,726 shares of the business’s stock. A total of $123,358 was realized by selling the stock at an average price of $10.52. This leaves the insider owning 495,900 shares of the company worth $6.3 million. A total of 20.79% of the company’s stock is owned by insiders.
On Friday morning IonQ Inc (NYSE: IONQ) stock kicked off with the opening price of $12.44. During the past 12 months, IonQ Inc has had a low of $3.04 and a high of $21.60. As of last week, the company has a debt-to-equity ratio of 0.01, a current ratio of 14.12, and a quick ratio of 14.12. The fifty day moving average price for IONQ is $13.59 and a two-hundred day moving average price translates $10.72 for the stock.
The latest earnings results from IonQ Inc (NYSE: IONQ) was released for Sep, 2023. According to the Computer Hardware Company, earnings per share came in at -$0.22, missing analysts’ expectations of -$0.18 by -0.04. This compares to -$0.12 EPS in the same period last year. The net profit margin was -681.33% and return on equity was -25.05% for IONQ. The company reported revenue of $6.14 million for the quarter, compared to $2.76 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 122.08 percent. For the current quarter, analysts expect IONQ to generate $5.76M in revenue.
IonQ Inc(IONQ) Company Profile
IonQ, Inc. engages in the development of general-purpose quantum computing systems in the United States. It sells access to quantum computers of various qubit capacities. The company makes access to its quantum computers through cloud platforms, such as Amazon Web Services (AWS) Amazon Braket, Microsoft’s Azure Quantum, and Google’s Cloud Marketplace, as well as through its cloud service. The company also provides consulting services related to co-developing algorithms on quantum computing systems; and contracts associated with the design, development, and construction of specialized quantum computing systems. IonQ, Inc. was founded in 2015 and is headquartered in College Park, Maryland.