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IonQ Inc (IONQ) gets rating Reiterated from Craig Hallum

IonQ Inc’s recently made public that its Officer RIMA ALAMEDDINE & ZIAD ALAMED acquired Company’s shares for reported $0.39 million on Oct 28 ’24. In the deal valued at $16.96 per share,22,875 shares were bought.

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Then, Alameddine Rima sold 12,000 shares, generating $188,640 in total proceeds. Upon selling the shares at $15.72, the Chief Revenue Officer now owns 615,533 shares.

Before that, RIMA ALAMEDDINE & ZIAD ALAMED bought 12,000 shares. IonQ Inc shares valued at $180,120 were divested by the Officer at a price of $15.01 per share.

Craig Hallum reiterated its IonQ Inc [IONQ] rating to a Buy in a research note published on August 11, 2023; the price target was $21. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who began to cover the stock in late April with a ‘”an Equal-weight”‘ rating. Needham began covering IONQ with “Buy” recommendation on June 08, 2022. Goldman started covering the stock on November 22, 2021. It rated IONQ as “a Neutral”.

Price Performance Review of IONQ

On Monday, IonQ Inc [NYSE:IONQ] saw its stock jump 5.01% to $17.81. Over the last five days, the stock has gained 20.66%. IonQ Inc shares have risen nearly 43.74% since the year began. Nevertheless, the stocks have risen 79.54% over the past one year. While a 52-week high of $17.05 was reached on 10/28/24, a 52-week low of $6.22 was recorded on 08/05/24. SMA at 50 days reached $9.32, while 200 days put it at $8.98.

Levels Of Support And Resistance For IONQ Stock

The 24-hour chart illustrates a support level at 16.84, which if violated will result in even more drops to 15.87. On the upside, there is a resistance level at 18.49. A further resistance level may holdings at 19.17. The Relative Strength Index (RSI) on the 14-day chart is 86.49, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.65, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 4.29%. Stochastics %K at 96.23% indicates the stock is a selling.

How much short interest is there in IonQ Inc?

A steep rise in short interest was recorded in IonQ Inc stocks on 2024-10-15, growing by 7.26 million shares to a total of 42.14 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 34.88 million shares. There was a rise of 17.23%, which implies that there is a positive sentiment for the stock.

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