IonQ (IONQ) Expected to Announce Earnings on Wednesday

IonQ (NYSE:IONQ - Get Free Report) is projected to post its 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 6.0 %

NYSE:IONQ traded down $2.01 on Friday, hitting $31.74. The company's stock had a trading volume of 15,702,353 shares, compared to its average volume of 27,501,523. IonQ has a one year low of $6.22 and a one year high of $54.74. The firm has a market capitalization of $6.87 billion, a P/E ratio of -39.18 and a beta of 2.40. The stock has a fifty day moving average of $39.93 and a two-hundred day moving average of $23.85.

Insider Activity at IonQ

In other news, CRO Rima Alameddine sold 21,337 shares of the company's stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $29.73, for a total transaction of $634,349.01. Following the completion of the sale, the executive now owns 571,321 shares of the company's stock, valued at approximately $16,985,373.33. This represents a 3.60 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Peter Hume Chapman sold 13,106 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $29.73, for a total transaction of $389,641.38. Following the sale, the chief executive officer now owns 414,363 shares in the company, valued at $12,319,011.99. This represents a 3.07 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 44,223 shares of company stock worth $1,314,652. Company insiders own 11.60% of the company's stock.

Analyst Ratings Changes

IONQ has been the subject of several research reports. DA Davidson raised IonQ to a "strong-buy" rating in a report on Thursday. Needham & Company LLC boosted their price objective on IonQ from $13.00 to $18.00 and gave the stock a "buy" rating in a report on Thursday, November 7th. The Goldman Sachs Group increased their target price on IonQ from $16.00 to $30.00 and gave the stock a "neutral" rating in a research note on Friday, January 10th. Craig Hallum lifted their price target on IonQ from $22.00 to $45.00 and gave the stock a "buy" rating in a report on Friday, December 20th. Finally, Benchmark upped their price objective on IonQ from $12.00 to $22.00 and gave the company a "buy" rating in a report on Thursday, November 7th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, IonQ has an average rating of "Buy" and a consensus target price of $33.00.

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.