IonQ, Inc. (NYSE:IONQ – Get Free Report) has received a consensus rating of “Moderate Buy” from the six brokerages that are currently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $17.00.
Several analysts have commented on the company. Needham & Company LLC reiterated a “buy” rating and set a $18.00 target price on shares of IonQ in a research note on Wednesday, September 20th. Benchmark raised their price target on IonQ from $17.00 to $20.00 and gave the stock a “buy” rating in a research note on Monday, August 14th. Morgan Stanley dropped their price target on IonQ from $16.00 to $12.00 and set an “equal weight” rating on the stock in a research note on Monday, October 30th. The Goldman Sachs Group raised their price target on IonQ from $9.00 to $14.00 and gave the stock a “neutral” rating in a research note on Monday, August 14th. Finally, Craig Hallum raised their price target on IonQ from $12.00 to $21.00 and gave the stock a “buy” rating in a research note on Friday, August 11th.
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IonQ Price Performance
NYSE IONQ opened at $12.70 on Friday. The business has a 50 day simple moving average of $13.59 and a 200 day simple moving average of $13.06. The stock has a market capitalization of $2.57 billion, a P/E ratio of -18.96 and a beta of 2.25. IonQ has a one year low of $3.04 and a one year high of $21.60.
IonQ (NYSE:IONQ – Get Free Report) last posted its quarterly earnings data on Wednesday, November 8th. The company reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.09). IonQ had a negative net margin of 681.33% and a negative return on equity of 22.83%. The company had revenue of $6.14 million for the quarter, compared to the consensus estimate of $5.00 million. During the same period last year, the business earned ($0.12) EPS. The firm’s quarterly revenue was up 122.1% on a year-over-year basis. Equities analysts expect that IonQ will post -0.33 earnings per share for the current year.
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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