IonQ (IONQ) to Release Earnings on Wednesday

IonQ (NYSE:IONQ - Get Free Report) will likely be posting its Q4 2024 quarterly earnings results after the market closes on Wednesday, February 26th. Analysts expect IonQ to post earnings of ($0.23) per share and revenue of $10.28 million for the quarter. Individual that are interested in participating in the company's earnings conference call can do so using this link.

IonQ Trading Down 16.8 %

Shares of NYSE IONQ traded down $5.03 during midday trading on Thursday, hitting $24.91. The company's stock had a trading volume of 34,651,145 shares, compared to its average volume of 26,572,473. IonQ has a 12-month low of $6.22 and a 12-month high of $54.74. The firm has a market cap of $5.39 billion, a P/E ratio of -30.75 and a beta of 2.41. The business's 50 day moving average is $39.25 and its two-hundred day moving average is $24.63.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on IONQ. The Goldman Sachs Group lifted their target price on IonQ from $16.00 to $30.00 and gave the stock a "neutral" rating in a research report on Friday, January 10th. Needham & Company LLC reaffirmed a "buy" rating and set a $54.00 price target on shares of IonQ in a research note on Thursday. Benchmark dropped their price objective on IonQ from $50.00 to $45.00 and set a "buy" rating on the stock in a research note on Thursday. Craig Hallum lifted their target price on IonQ from $22.00 to $45.00 and gave the company a "buy" rating in a research report on Friday, December 20th. Finally, DA Davidson raised IonQ to a "strong-buy" rating in a research report on Thursday, February 20th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $44.80.

Insider Buying and Selling at IonQ

In other IonQ news, CRO Rima Alameddine sold 21,337 shares of IonQ stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $29.73, for a total value of $634,349.01. Following the transaction, the executive now directly owns 571,321 shares of the company's stock, valued at approximately $16,985,373.33. The trade was a 3.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Peter Hume Chapman sold 13,106 shares of the business's stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $29.73, for a total value of $389,641.38. Following the transaction, the chief executive officer now owns 414,363 shares in the company, valued at approximately $12,319,011.99. This trade represents a 3.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 44,223 shares of company stock valued at $1,314,652. 11.60% of the stock is currently owned by corporate insiders.

About IonQ

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.