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.
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.
