2 weeks Ago By ABMN Staff
Shares of IonQ, Inc. ( NYSE:IONQ – Get Free Report ) gapped up before the market opened on Friday . The stock had previously closed at $8.
06, but opened at $8.90. IonQ shares last traded at $9.
42, with a volume of 18,369,919 shares trading hands. Wall Street Analyst Weigh In Several research firms recently commented on IONQ. Benchmark cut their target price on shares of IonQ from $16.
00 to $12.00 and set a “buy” rating on the stock in a research report on Monday, August 12th. Craig Hallum lowered their price objective on IonQ from $21.
00 to $15.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Finally, The Goldman Sachs Group decreased their target price on shares of IonQ from $11.
50 to $8.00 and set a “neutral” rating for the company in a research report on Friday, August 9th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company.
Based on data from MarketBeat, IonQ has a consensus rating of “Moderate Buy” and a consensus price target of $13.00. View Our Latest Analysis on IONQ IonQ Stock Performance IonQ ( NYSE:IONQ – Get Free Report ) last posted its quarterly earnings results on Wednesday, August 7th.
The company reported ($0.18) EPS for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.
04. The firm had revenue of $11.38 million during the quarter, compared to analyst estimates of $8.
66 million. IonQ had a negative return on equity of 34.02% and a negative net margin of 525.
13%. The business’s revenue for the quarter was up 106.4% on a year-over-year basis.
During the same period last year, the company earned ($0.16) earnings per share. Equities research analysts expect that IonQ, Inc.
will post -0.84 EPS for the current year. Institutional Inflows and Outflows Several institutional investors have recently made changes to their positions in the company.
Morgens Waterfall Vintiadis & Co. Inc. bought a new stake in IonQ in the 4th quarter worth approximately $1,858,000.
Norges Bank bought a new position in shares of IonQ in the fourth quarter worth approximately $26,430,000. Oppenheimer & Co. Inc.
increased its stake in shares of IonQ by 4.0% in the first quarter. Oppenheimer & Co.
Inc. now owns 36,495 shares of the company’s stock worth $365,000 after buying an additional 1,400 shares during the period. Gamco Investors INC.
ET AL bought a new stake in IonQ during the 1st quarter valued at $185,000. Finally, Vanguard Group Inc. boosted its position in IonQ by 1.
1% during the 4th quarter. Vanguard Group Inc. now owns 17,906,731 shares of the company’s stock valued at $221,864,000 after buying an additional 193,924 shares during the period.
Institutional investors own 41.42% of the company’s stock. IonQ Company Profile ( Get Free Report ) 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. Read More Receive News & Ratings for IonQ Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IonQ and related companies with MarketBeat.
com's FREE daily email newsletter ..
