Shares of IonQ, Inc. (NYSE:IONQ – Get Free Report) traded down 5.9% during trading on Thursday . The stock traded as low as $50.16 and last traded at $50.4220. Approximately 21,675,259 shares traded hands during mid-day trading, a decline of 18% from the average daily volume of 26,527,502 shares. The stock had previously closed at $53.60.
Key IonQ News
Here are the key news stories impacting IonQ this week:
- Positive Sentiment: Washington’s push for quantum computing and post-quantum cryptography could benefit IonQ (IONQ) through federal funding, strategic partnerships, and broader policy support. Article title: IonQ (IONQ) Lands In Trump Quantum Orders With 2028 Federal Security Deadline
- Positive Sentiment: Coverage highlighting IonQ as a leader in the quantum race reinforces the company’s status as a key name in a high-growth, strategically important industry. Article title: Washington’s quantum push puts IBM and IonQ on the throne
- Neutral Sentiment: Comparisons with Quantinuum keep the focus on IonQ’s technology leadership, but the article mainly frames the stock as part of a broader competitive debate rather than a near-term catalyst. Article title: IonQ vs. Quantinuum: Which Quantum Computing Accuracy-Leading Stock Looks Like the Better Buy?
- Negative Sentiment: Market commentary warns that investors may be rotating away from richly valued quantum names, with IonQ vulnerable to profit-taking after a strong run. Article title: Quantum Computing Stocks IonQ, Rigetti Computing, and D-Wave Quantum Sent Shockwaves Through Wall Street With This $857 Million Warning
- Negative Sentiment: Recent analyst and market coverage also points to valuation pressure and execution risk, which can weigh on IonQ (IONQ) near term. Article title: Should Investors Choose IonQ Over a More Established Quantum Computing Stock?
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on IONQ shares. Wall Street Zen raised IonQ from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 13th. Jefferies Financial Group set a $85.00 target price on IonQ in a report on Thursday, May 7th. Morgan Stanley set a $48.50 target price on IonQ in a research note on Thursday, May 7th. Needham & Company LLC cut their price target on IonQ from $80.00 to $65.00 and set a “buy” rating on the stock in a report on Thursday, February 26th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $100.00 price target on shares of IonQ in a research report on Thursday, June 11th. Ten equities 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. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $69.88.
IonQ Stock Performance
The stock’s 50-day simple moving average is $54.67 and its 200 day simple moving average is $45.09. The company has a market capitalization of $18.82 billion, a PE ratio of -180.08 and a beta of 3.18.
IonQ (NYSE:IONQ – Get Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The company reported ($0.34) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.08). The firm had revenue of $64.67 million during the quarter, compared to analyst estimates of $49.75 million. IonQ had a net margin of 174.88% and a negative return on equity of 23.20%. IonQ’s revenue for the quarter was up 754.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.14) earnings per share. On average, analysts expect that IonQ, Inc. will post -2.26 earnings per share for the current year.
Insiders Place Their Bets
In other IonQ news, Director Gabrielle B. Toledano sold 2,757 shares of IonQ stock in a transaction dated 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 sale, the director directly owned 11,154 shares of the company’s stock, valued at $613,581.54. The trade was a 19.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Kathryn K. Chou sold 2,757 shares of the company’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $55.02, for a total value of $151,690.14. Following the transaction, the director directly owned 62,608 shares of the company’s stock, valued at approximately $3,444,692.16. This represents a 4.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 13,102 shares of company stock worth $701,489. 0.55% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On IonQ
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in IonQ by 18.5% during the fourth quarter. Vanguard Group Inc. now owns 34,774,743 shares of the company’s stock worth $1,560,343,000 after purchasing an additional 5,420,037 shares during the last quarter. State Street Corp increased its stake in IonQ by 42.3% in the fourth quarter. State Street Corp now owns 8,962,789 shares of the company’s stock valued at $402,160,000 after purchasing an additional 2,663,230 shares during the last quarter. Geode Capital Management LLC raised its holdings in IonQ by 21.9% during the fourth quarter. Geode Capital Management LLC now owns 8,074,301 shares of the company’s stock worth $361,624,000 after purchasing an additional 1,452,463 shares in the last quarter. Norges Bank acquired a new stake in IonQ during the fourth quarter worth approximately $199,753,000. Finally, Marex Group plc lifted its position in shares of IonQ by 419.1% during the 4th quarter. Marex Group plc now owns 4,083,453 shares of the company’s stock worth $183,225,000 after buying an additional 3,296,866 shares during the last quarter. Institutional investors and hedge funds own 41.42% of the company’s stock.
IonQ Company Profile
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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