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What’s Going On With IonQ Inc Stock?

IonQ, Inc. (NYSE: IONQ) shares are trading higher Wednesday, though the stock remains down by more than 30% over the last month.  What To Know:
byErica Kollmann
November 1, 2023
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IonQ, Inc. (NYSE:IONQ) shares are trading higher Wednesday, though the stock remains down by more than 30% over the last month. 

What To Know:

On Monday, Morgan Stanley analyst Scott Fessler maintained IonQ with an Equal-Weight and lowered the price target from $16 to $12.

On Oct. 24, the company announced that its co-founder and chief scientist, Dr. Chris Monroe, will depart the company to return to his academic, research and policy pursuits.

IONQ shares have attracted attention from retail investors and short-sellers alike. According to data from Benzinga Pro, 16.31% of available shares are being sold short. 

IonQ is set to report its third-quarter financial results after the market close on Nov. 8. According to estimates from Benzinga Pro, IonQ is expected to report a loss of 18 cents per share and quarterly revenue of $4.998 million. 

Related News: What’s Going On With SoFi Technologies Stock? 

IONQ Price Action: According to Benzinga Pro, IonQ shares are up 3.63% at $9.99 at the time of publication.

Image: Gerd Altmann from Pixabay

 
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