IonQ, Inc. (NYSE:IONQ – Get Free Report) rose 3.7% on Tuesday . The company traded as high as $36.06 and last traded at $35.5240. 20,025,522 shares traded hands during mid-day trading, a decline of 22% from the average session volume of 25,824,059 shares. The stock had previously closed at $34.24.
More IonQ News
Here are the key news stories impacting IonQ this week:
- Positive Sentiment: Institutional options activity has turned bullish, with a trader recently buying November 60-strike calls and another large call bet signaling speculation that IonQ could rebound from oversold levels. The Ugliest Stocks in the Market Just Got a Very Expensive Vote of Confidence
- Positive Sentiment: Investor attention remains elevated around IonQ and the broader quantum-computing theme, which can support trading interest and occasional short-term rebounds. IonQ, Inc. (IONQ) is Attracting Investor Attention: Here is What You Should Know
- Neutral Sentiment: MarketBeat also noted IonQ among photonics and quantum-related companies benefiting from broader enthusiasm for AI infrastructure and enabling technologies, though the article was more about sector positioning than a direct catalyst for shares. 3 Photonics Companies Making Quantum Tech Possible
- Neutral Sentiment: One article framed IonQ as a possible “next Palantir” style winner, reinforcing the long-term growth narrative for quantum computing, but without any near-term operating update. 1 Quantum Computing Stock That Could Be the Next Palantir
- Negative Sentiment: Recent trading has also been weak, with IonQ closing lower in the latest session as investors rotated away from speculative growth and pre-revenue names. Why IonQ, Inc. (IONQ) Dipped More Than Broader Market Today
Analyst Ratings Changes
A number of equities research analysts recently issued reports on the company. Jefferies Financial Group set a $85.00 price target on IonQ in a research report on Thursday, May 7th. JPMorgan Chase & Co. lifted their price objective on IonQ from $42.00 to $50.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Northland Securities upped their target price on IonQ from $55.00 to $70.00 and gave the company an “outperform” rating in a research report on Monday, June 22nd. Morgan Stanley set a $48.50 target price on IonQ in a report on Thursday, May 7th. Finally, Wedbush restated an “outperform” rating and issued a $60.00 price target on shares of IonQ in a research report on Monday, May 4th. Ten research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $69.88.
IonQ Stock Performance
The company has a market cap of $13.26 billion, a P/E ratio of -126.87 and a beta of 3.23. The stock’s fifty day moving average price is $54.21 and its two-hundred day moving average price is $44.46.
IonQ (NYSE:IONQ – Get Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The company reported ($0.34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.08). IonQ had a net margin of 174.88% and a negative return on equity of 23.20%. The firm had revenue of $64.67 million during the quarter, compared to the consensus estimate of $49.75 million. During the same period last year, the business earned ($0.14) earnings per share. The business’s revenue was up 754.7% compared to the same quarter last year. On average, equities research analysts forecast that IonQ, Inc. will post -2.26 EPS for the current year.
Insiders Place Their Bets
In other news, Director Gabrielle B. Toledano sold 2,757 shares of the business’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $55.01, for a total transaction of $151,662.57. Following the completion of the transaction, the director owned 11,154 shares of the company’s stock, valued at approximately $613,581.54. The trade was a 19.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kathryn K. Chou sold 2,757 shares of the firm’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $55.02, for a total value of $151,690.14. Following the completion of the sale, the director directly owned 62,608 shares in the company, valued at $3,444,692.16. This trade represents a 4.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 13,102 shares of company stock worth $701,489. 0.55% of the stock is owned by company insiders.
Institutional Investors Weigh In On IonQ
Hedge funds have recently made changes to their positions in the stock. Handelsbanken Fonder AB grew its holdings in shares of IonQ by 41.2% during the 2nd quarter. Handelsbanken Fonder AB now owns 130,200 shares of the company’s stock valued at $6,934,000 after purchasing an additional 38,000 shares during the last quarter. Fulton Bank N.A. bought a new position in IonQ in the second quarter valued at about $202,000. Wealthcare Advisory Partners LLC raised its holdings in IonQ by 33.9% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 11,541 shares of the company’s stock valued at $615,000 after buying an additional 2,923 shares during the last quarter. Bay Rivers Group acquired a new position in shares of IonQ during the second quarter worth $337,000. Finally, Adamsbrown Wealth Consultants LLC bought a new position in IonQ during the 2nd quarter worth $221,000. 41.42% of the stock is currently owned by institutional investors and hedge funds.
About IonQ
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. It also provides contracts associated with the design, development, and construction of specialized quantum computing hardware systems; maintenance and support services; and consulting services related to co-developing algorithms on quantum computing systems.
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