IonQ (IONQ) Projected to Post Earnings on Wednesday

IonQ (NYSE:IONQ - Get Free Report) is anticipated to issue its Q1 2025 quarterly earnings data after the market closes on Wednesday, May 7th. Analysts expect the company to announce earnings of ($0.27) per share and revenue of $7.51 million for the quarter.

IonQ Trading Down 4.2 %

IONQ stock traded down $1.19 during mid-day trading on Wednesday, hitting $26.90. 2,217,167 shares of the company were exchanged, compared to its average volume of 16,056,240. IonQ has a 1-year low of $6.22 and a 1-year high of $54.74. The stock has a market capitalization of $6.00 billion, a PE ratio of -33.12 and a beta of 2.50. The business has a 50 day simple moving average of $24.51 and a 200-day simple moving average of $29.65.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Needham & Company LLC reiterated a "buy" rating and set a $54.00 price target on shares of IonQ in a report on Thursday, February 27th. DA Davidson cut their price objective on IonQ from $50.00 to $35.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Benchmark lowered their price target on shares of IonQ from $45.00 to $40.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. Finally, The Goldman Sachs Group increased their price objective on shares of IonQ from $16.00 to $30.00 and gave the stock a "neutral" rating in a research report on Friday, January 10th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, IonQ presently has an average rating of "Moderate Buy" and an average target price of $40.80.

Insiders Place Their Bets

In related news, CFO Thomas G. Kramer sold 11,712 shares of IonQ stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $18.57, for a total value of $217,491.84. Following the completion of the transaction, the chief financial officer now directly owns 944,510 shares in the company, valued at approximately $17,539,550.70. The trade was a 1.22 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William F. Scannell purchased 93,066 shares of the business's stock in a transaction on Wednesday, March 12th. The stock was purchased at an average cost of $21.81 per share, with a total value of $2,029,769.46. Following the completion of the acquisition, the director now owns 135,047 shares in the company, valued at approximately $2,945,375.07. This trade represents a 221.69 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have sold 2,033,166 shares of company stock worth $38,059,593. Corporate insiders own 11.60% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.