IonQ (NYSE:IONQ) Hits New 52-Week Low on Analyst Downgrade

IonQ, Inc. (NYSE:IONQ)’s stock price reached a new 52-week low on Thursday after Zacks Research downgraded the stock from a hold rating to a strong sell rating. The stock traded as low as $25.81 and last traded at $25.9030, with a volume of 8,611,496 shares traded. The stock had previously closed at $29.54.

Several other research analysts also recently commented on the company. B. Riley Financial reduced their price objective on IonQ from $100.00 to $75.00 and set a “buy” rating on the stock in a report on Monday, November 2nd. Morgan Stanley dropped their price target on IonQ from $49.00 to $43.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 15th. Benchmark restated a “buy” rating and set a $60.00 price target on shares of IonQ in a research note on Thursday, August 6th. Needham & Company LLC decreased their price objective on IonQ from $65.00 to $48.00 and set a “buy” rating for the company in a report on Friday. Finally, Bank of America reaffirmed a “buy” rating and issued a $50.00 price objective on shares of IonQ in a research note on Friday. Ten research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $60.23.

Insider Buying and Selling at IonQ

In other news, insider John Raymond sold 2,407 shares of the company’s stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $37.21, for a total transaction of $89,564.47. Following the transaction, the insider owned 77,741 shares in the company, valued at $2,892,742.61. This represents a 3.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.55% of the company’s stock.

More IonQ News

Here are the key news stories impacting IonQ this week:

• Positive Sentiment: IonQ reported record third-quarter revenue of $173.8 million, up 336% year over year and above analyst expectations. Its loss per share was also narrower than forecast. Why IonQ Stock Is Soaring Today
• Positive Sentiment: The company raised its 2026 revenue guidance to $505 million–$515 million. Its backlog reached $1.2 billion, and Superion 256 capacity is booked through 2027—signs of robust demand and future sales visibility. IonQ: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: IonQ also advanced to Stage C of DARPA’s quantum benchmarking initiative, while its SkyWater acquisition is expected to strengthen manufacturing capabilities. IonQ Q3 2026 Earnings Call Highlights
• Neutral Sentiment: Analysts at Cantor Fitzgerald and Needham lowered their price targets but kept positive ratings, reflecting a more cautious outlook without abandoning the investment case. Cantor Fitzgerald recommendations
• Negative Sentiment: Despite the growth, IonQ remains loss-making. Investors are also weighing cash burn and potential dilution from its planned capital raise and stock-funded $1.15 billion Elisity acquisition, as well as uncertainty over how quickly quantum computing demand will translate into sustainable profits. IonQ Beat and Raised: Can the Quantum Stock Buck the Tech Selloff?
• Negative Sentiment: Zacks added IONQ to its Strong Sell list, a counterpoint to the earnings optimism and a potential source of investor caution. New Strong Sell Stocks for November 6th

Hedge Funds Weigh In On IonQ

A number of institutional investors have recently bought and sold shares of IONQ. Vanguard Capital Wealth Advisors acquired a new stake in IonQ during the third quarter worth about $763,000. Simplicity Wealth LLC acquired a new position in IonQ in the second quarter valued at approximately $981,000. Swedbank AB boosted its position in IonQ by 147.7% in the 1st quarter. Swedbank AB now owns 149,503 shares of the company’s stock worth $4,310,000 after purchasing an additional 89,148 shares in the last quarter. Weiss Asset Management LP purchased a new stake in IonQ in the 1st quarter worth approximately $663,000. Finally, Zevenbergen Capital Investments LLC grew its stake in shares of IonQ by 9.3% during the 3rd quarter. Zevenbergen Capital Investments LLC now owns 218,605 shares of the company’s stock worth $9,588,000 after purchasing an additional 18,605 shares during the period. 41.42% of the stock is owned by hedge funds and other institutional investors.

IonQ Stock Performance

The firm has a market cap of $13.79 billion, a price-to-earnings ratio of 118.98 and a beta of 3.32. The business’s 50 day moving average price is $36.91 and its 200 day moving average price is $41.58.

IonQ (NYSE:IONQ) last released its quarterly earnings results on Thursday, November 5th. The company reported ($0.29) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.06. The company had revenue of $173.83 million during the quarter, compared to analysts’ expectations of $141.49 million. IonQ had a negative return on equity of 22.29% and a negative net margin of 553.27%. IonQ’s quarterly revenue was up 336.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($3.58) EPS. Sell-side analysts anticipate that IonQ, Inc. will post -2.96 earnings per share for the current fiscal year.

About IonQ

IonQ, Inc (NYSE: IONQ) is a quantum computing company that develops full-stack quantum computing systems and related software. Its technology is based on trapped-ion quantum computing, which uses electrically charged atoms as qubits and is designed to support highly accurate quantum operations.

The company provides access to its quantum computers through cloud platforms and direct enterprise and research engagements. Its offerings include quantum computing hardware, cloud-based access, software tools, and professional services intended to help organizations explore applications in areas such as optimization, chemistry, materials science, artificial intelligence, and cybersecurity.