IonQ (NYSE:IONQ) Stock Price Up 7.9% – Time to Buy?

IonQ, Inc. (NYSE:IONQ)’s share price rose 7.9% during mid-day trading on Friday . The company traded as high as $65.80 and last traded at $63.54. Approximately 52,269,106 shares traded hands during mid-day trading, an increase of 99% from the average daily volume of 26,298,602 shares. The stock had previously closed at $58.89.

IonQ News Roundup

Here are the key news stories impacting IonQ this week:

• Positive Sentiment: The Trump administration said it will invest more than $2 billion in quantum computing companies and take stakes in nine firms, boosting optimism that IonQ could be among the next beneficiaries of federal support. Which company will the U.S. government take a stake in next? Here’s what traders think
• Positive Sentiment: IonQ’s quantum peers surged after the announcement, and IonQ joined the broader rally as traders rotated into the sector on expectations of government backing and a stronger long-term industry outlook. IonQ stock spikes on massive quantum announcement
• Positive Sentiment: IonQ also benefited from recent company updates, including a newly opened research lab, shareholder approval for a key acquisition, and momentum from its record first-quarter results and raised 2026 revenue outlook. Why Is IonQ (IONQ) Stock Rocketing Higher Today
• Neutral Sentiment: Retail sentiment remains strong, with a Stocktwits poll showing most users bullish on IonQ, reinforcing momentum but not changing fundamentals by itself. RGTI Vs QBTS Vs INFQ Vs IONQ: Which Quantum Computing Stock Is Retail Most Bullish On?
• Negative Sentiment: Despite the rally, one report noted IonQ fell after announcing a higher 2026 outlook and the SkyWater acquisition, suggesting some investors may be worried about execution, dilution, or integration risk. IonQ (IONQ) Is Down 5.0% After Raising 2026 Outlook And Announcing SkyWater Acquisition

Analysts Set New Price Targets

IONQ has been the subject of a number of research analyst reports. Rosenblatt Securities reaffirmed a “buy” rating and issued a $100.00 target price on shares of IonQ in a report on Thursday, February 26th. Morgan Stanley set a $48.50 price target on shares of IonQ in a research report on Thursday, May 7th. DA Davidson lowered their price target on shares of IonQ from $55.00 to $35.00 and set a “neutral” rating on the stock in a research report on Thursday, February 26th. Northland Securities started coverage on shares of IonQ in a research report on Monday, April 20th. They issued an “outperform” rating and a $55.00 price target on the stock. Finally, Jefferies Financial Group set a $85.00 price target on shares of IonQ in a research report on Thursday, May 7th. Ten research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $68.63.

IonQ Price Performance

The firm’s 50-day moving average price is $40.37 and its 200 day moving average price is $43.28. The firm has a market capitalization of $23.72 billion, a price-to-earnings ratio of -226.93 and a beta of 3.05.

IonQ (NYSE:IONQ) last released its quarterly earnings results on Wednesday, May 6th. The company reported ($0.34) EPS for the quarter, missing the consensus estimate of ($0.26) by ($0.08). The business 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%. The firm’s revenue for the quarter was up 754.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.14) earnings per share. On average, analysts predict that IonQ, Inc. will post -2.26 earnings per share for the current fiscal year.

Insider Buying and Selling

In other IonQ news, insider Robert T. Cardillo sold 3,773 shares of IonQ stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $49.90, for a total value of $188,272.70. Following the completion of the sale, the insider directly owned 139,967 shares of the company’s stock, valued at approximately $6,984,353.30. The trade was a 2.62% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William J. Teuber, Jr. bought 3,000 shares of the stock in a transaction on Friday, February 27th. The stock was purchased at an average cost of $38.38 per share, with a total value of $115,140.00. Following the completion of the purchase, the director directly owned 9,413 shares in the company, valued at $361,270.94. This trade represents a 46.78% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders have sold 12,354 shares of company stock worth $504,428. 5.20% of the stock is owned by insiders.

Institutional Trading of IonQ

Several hedge funds and other institutional investors have recently bought and sold shares of IONQ. Ameriflex Group Inc. grew its stake in IonQ by 485.7% in the 3rd quarter. Ameriflex Group Inc. now owns 410 shares of the company’s stock worth $25,000 after acquiring an additional 340 shares during the period. Accent Capital Management LLC grew its stake in IonQ by 171.8% in the 4th quarter. Accent Capital Management LLC now owns 587 shares of the company’s stock worth $26,000 after acquiring an additional 371 shares during the period. Fortitude Family Office LLC grew its stake in IonQ by 3,800.0% in the 4th quarter. Fortitude Family Office LLC now owns 624 shares of the company’s stock worth $28,000 after acquiring an additional 608 shares during the period. EverSource Wealth Advisors LLC grew its stake in IonQ by 216.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 959 shares of the company’s stock worth $28,000 after acquiring an additional 656 shares during the period. Finally, PeakShares LLC purchased a new stake in IonQ in the 1st quarter worth approximately $29,000. 41.42% of the stock is owned by hedge funds and other institutional investors.

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.