In yesterday’s Wall Street session, IonQ Inc (NYSE:IONQ) shares traded at $44.29, down -2.62% from the previous session.
IONQ stock price is now 54.59% away from the 50-day moving average and 232.84% away from the 200-day moving average. The market capitalization of the company currently stands at $9.04B.
With the price target of $50, DA Davidson recently initiated with Buy rating for IonQ Inc (NYSE: IONQ). On August 11, 2023, Craig Hallum reiterated its ‘Buy’ rating on the stock by increasing its target price from $12 to quote $21, while ‘Morgan Stanley’ rates the stock as ‘Equal-Weight’
In other news, Alameddine Rima, Chief Revenue Officer sold 21,337 shares of the company’s stock on Dec 11 ’24. The stock was sold for $634,377 at an average price of $29.73. Upon completion of the transaction, the Chief Revenue Officer now directly owns 571,321 shares in the company, valued at $25.3 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 11 ’24, Chief Financial Officer Kramer Thomas G. sold 9,780 shares of the business’s stock. A total of $290,633 was realized by selling the stock at an average price of $29.72. This leaves the insider owning 926,114 shares of the company worth $41.02 million. A total of 13.72% 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 $48.56. 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 $28.0148 and a two-hundred day moving average price translates $13.13135 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.
