IonQ Reports Quarterly Earnings Results, Falls Short of Expectations

IonQ (NYSE:IONQ) announced its quarterly earnings on Wednesday. The company reported earnings per share (EPS) of ($0.93) for the quarter, which was significantly below analysts' consensus estimate of ($0.23). This resulted in a miss of $0.70 per share. IonQ also faced challenges with a negative return on equity of 36.82% and a negative net margin of 457.85%. In light of these results, IonQ updated its guidance for the fiscal year 2025 and provided new estimates for the first quarter of 2025.

IonQ Stock Performance

During Wednesday's trading session, shares of IonQ increased by $0.20, reaching a price of $29.93. Around 13,757,499 shares were traded, which is lower than the average trading volume of 26,338,814. The stock has experienced a wide range over the past year, with a 52-week low of $6.22 and a high of $54.74. Presently, the company's 50-day moving average is $39.40, and its 200-day moving average stands at $24.59. IonQ has a market capitalization of $6.48 billion and a price-to-earnings ratio of -36.95. The stock's beta is reported at 2.41, indicating higher volatility compared to the overall market.

Analysts’ Ratings and Price Adjustments

Recent reports from various research firms indicate mixed reactions to IonQ's stock. Needham & Company LLC upgraded their price target from $13.00 to $18.00 while maintaining a "buy" rating on the stock. The Goldman Sachs Group raised their target price from $16.00 to $30.00, categorizing IonQ as "neutral." Benchmark also increased their price target from $12.00 to $22.00 and maintained a "buy" rating. DA Davidson labeled the stock as a "strong buy," and Craig Hallum raised their target from $22.00 to $45.00. One analyst has a hold rating, three analysts rate it as a buy, and one analyst gives it a strong buy rating. According to MarketBeat, the average rating for IonQ stands at "Buy," with an average target price of $33.00.

Insider Trading Activities

In recent insider trading news, Chief Revenue Officer Rima Alameddine sold 21,337 shares of IonQ on December 11th, fetching an average price of $29.73 for a total of approximately $634,349. Following the transaction, she retains ownership of 571,321 shares valued around $16,985,373. Additionally, CEO Peter Hume Chapman sold 13,106 shares on the same day, also at an average price of $29.73, totaling around $389,641. After this sale, he owns 414,363 shares valued at approximately $12,319,011. Over the last 90 days, insiders have sold 44,223 shares valued at $1,314,652. Currently, 11.60% of IonQ’s stock is held by corporate insiders.

About IonQ

IonQ, Inc is focused on developing general-purpose quantum computing systems. The company offers access to quantum computers with a range of qubit capacities. IonQ provides access through cloud platforms, including Amazon Web Services (AWS) Amazon Braket, Microsoft's Azure Quantum, and Google's Cloud Marketplace, along with its own cloud services.

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