IonQ, Inc. (NYSE:IONQ - Free Report) - DA Davidson issued their Q2 2025 earnings estimates for IonQ in a report released on Thursday, May 8th. DA Davidson analyst A. Platt expects that the company will earn ($0.12) per share for the quarter. DA Davidson currently has a "Buy" rating and a $35.00 target price on the stock. The consensus estimate for IonQ's current full-year earnings is ($0.86) per share. DA Davidson also issued estimates for IonQ's FY2025 earnings at ($0.31) EPS and FY2026 earnings at ($0.42) EPS.
IonQ (NYSE:IONQ - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported ($0.14) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.28) by $0.14. The business had revenue of $7.57 million during the quarter, compared to analysts' expectations of $7.51 million. IonQ had a negative return on equity of 36.82% and a negative net margin of 457.85%. The firm's quarterly revenue was down .2% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.19) earnings per share.
Other research analysts have also recently issued research reports about the company. Benchmark decreased their price target on IonQ from $45.00 to $40.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. Morgan Stanley boosted their price target on IonQ from $29.00 to $30.00 and gave the stock an "equal weight" rating in a research note on Thursday, May 8th. Finally, Needham & Company LLC decreased their price target on IonQ from $54.00 to $50.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $38.33.
Read Our Latest Analysis on IONQ
IonQ Trading Down 1.0%
NYSE:IONQ traded down $0.32 during trading hours on Monday, reaching $33.09. 6,269,176 shares of the company traded hands, compared to its average volume of 16,561,570. The business's 50-day moving average price is $25.61 and its two-hundred day moving average price is $30.83. The stock has a market capitalization of $7.37 billion, a P/E ratio of -40.90 and a beta of 2.46. IonQ has a 1 year low of $6.22 and a 1 year high of $54.74.
Insider Buying and Selling
In related news, CRO Rima Alameddine sold 1,407 shares of IonQ stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $21.20, for a total value of $29,828.40. Following the completion of the sale, the executive now owns 592,615 shares of the company's stock, valued at $12,563,438. The trade was a 0.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Peter Hume Chapman sold 2,000,000 shares of the business's stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $18.72, for a total value of $37,440,000.00. Following the sale, the insider now directly owns 414,363 shares of the company's stock, valued at $7,756,875.36. This represents a 82.84% decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,033,166 shares of company stock valued at $38,059,593 over the last 90 days. Company insiders own 11.60% of the company's stock.
Institutional Trading of IonQ
Hedge funds have recently bought and sold shares of the stock. Pathway Financial Advisers LLC bought a new stake in IonQ during the fourth quarter valued at about $26,000. Smartleaf Asset Management LLC grew its holdings in IonQ by 421.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 620 shares of the company's stock valued at $27,000 after purchasing an additional 501 shares during the period. Measured Risk Portfolios Inc. bought a new stake in IonQ during the fourth quarter valued at about $27,000. TD Waterhouse Canada Inc. bought a new stake in IonQ during the fourth quarter valued at about $33,000. Finally, Golden State Wealth Management LLC bought a new stake in IonQ during the fourth quarter valued at about $34,000. Institutional investors own 41.42% of the company's stock.
About IonQ
(
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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.
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