Stocks of IonQ Inc (NYSE:IONQ) traded higher last session on Wall Street, down -9.82% to $34.24.
IONQ stock price is now 68.49% away from the 50-day moving average and 204.33% away from the 200-day moving average. The market capitalization of the company currently stands at $7.83B.
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, Officer bought 24,050 shares of the company’s stock on Dec 11 ’24. The stock was bought for $864,598 at an average price of $35.95. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 11 ’24, Officer Kramer Thomas G. bought 11,300 shares of the business’s stock. A total of $406,235 was incurred on buying the stock at an average price of $35.95. 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 $38.45. 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 $19.8314 and a two-hundred day moving average price translates $11.1329 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.
