IonQ, Inc. (NYSE:IONQ – Get Free Report)’s stock price shot up 5.5% on Thursday . The company traded as high as $29.49 and last traded at $29.3280. 15,412,930 shares were traded during mid-day trading, a decline of 27% from the average session volume of 21,068,873 shares. The stock had previously closed at $27.79.
Trending Headlines about IonQ
Here are the key news stories impacting IonQ this week:
- Positive Sentiment: IonQ took an equity stake in Horizon Quantum and secured board representation and governance rights, deepening collaboration with a peer in quantum computing — a strategic move that can expand partnerships, R&D and market positioning. IonQ Deepens Horizon Quantum Ties As Shares Trade Below Targets
- Positive Sentiment: Analyst and media pieces are framing the recent selloff as a buying opportunity with price-target upside (one note targets ~$42.66), which can draw value-oriented investors and drive short‑term inflows. IonQ’s Selloff Creates a Rare Entry Point With $42.66 in Our Sights
- Positive Sentiment: Coverage highlighting large upside targets for quantum stocks (including IONQ) reinforces a long‑term growth narrative that can support buy ratings and investor interest despite near‑term volatility. Quantum Stocks With Triple-Digit Price Targets to Watch in April
- Neutral Sentiment: GraniteShares’ YieldBOOST IONQ ETF announced a weekly distribution ($0.1745). That ETF naming and income product activity can increase visibility and trading interest in the IONQ theme, though the direct impact on IonQ equity fundamentals is limited. GraniteShares YieldBOOST IONQ ETF announces weekly distribution of $0.1745
- Neutral Sentiment: Market commentary about Wall Street’s “Buy” consensus for IONQ is mixed — analysts remain optimistic on average, but articles caution about overreliance on broker recommendations. This keeps sentiment supportive but measured. Is IonQ (IONQ) a Buy as Wall Street Analysts Look Optimistic?
- Negative Sentiment: Recent trading sessions showed notable intraday and daily declines (recent close reported lower), reflecting profit‑taking, high volatility (beta ~2.8), and the stock’s long fall from its 1‑year high — factors that can cap upside until fundamentals or sentiment improve. IonQ, Inc. (IONQ) Stock Drops Despite Market Gains: Important Facts to Note
Analyst Upgrades and Downgrades
A number of research firms have commented on IONQ. JPMorgan Chase & Co. cut their target price on shares of IonQ from $47.00 to $42.00 and set a “neutral” rating on the stock in a research report on Thursday, February 26th. Benchmark lowered their price target on shares of IonQ from $75.00 to $65.00 and set a “buy” rating for the company in a research report on Thursday, February 26th. Wedbush assumed coverage on shares of IonQ in a research note on Wednesday, December 17th. They set an “outperform” rating and a $60.00 price objective on the stock. Cantor Fitzgerald reissued an “overweight” rating on shares of IonQ in a report on Monday, February 9th. Finally, Morgan Stanley set a $37.00 price objective on shares of IonQ in a research note on Thursday, February 26th. Nine research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $69.45.
IonQ Stock Up 5.5%
The firm has a market cap of $10.75 billion, a PE ratio of -11.78 and a beta of 2.80. The stock has a 50 day moving average price of $35.19 and a two-hundred day moving average price of $48.89.
Insider Buying and Selling
In other IonQ news, insider Robert T. Cardillo sold 5,165 shares of the business’s stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $39.44, for a total transaction of $203,707.60. Following the sale, the insider owned 112,291 shares of the company’s stock, valued at approximately $4,428,757.04. The trade was a 4.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director William J. Teuber, Jr. purchased 3,000 shares of the business’s stock in a transaction on Friday, February 27th. The shares were bought at an average price of $38.38 per share, for a total transaction of $115,140.00. Following the purchase, the director directly owned 9,413 shares in the company, valued at $361,270.94. This represents a 46.78% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders sold 8,581 shares of company stock worth $316,156 in the last three months. Corporate insiders own 5.20% of the company’s stock.
Hedge Funds Weigh In On IonQ
Hedge funds have recently made changes to their positions in the company. Stone House Investment Management LLC lifted its position in IonQ by 700.0% during the 3rd quarter. Stone House Investment Management LLC now owns 400 shares of the company’s stock worth $25,000 after acquiring an additional 350 shares during the period. Ameriflex Group Inc. increased its holdings in shares of IonQ by 485.7% in the third quarter. Ameriflex Group Inc. now owns 410 shares of the company’s stock valued at $25,000 after purchasing an additional 340 shares during the period. Hilltop National Bank increased its holdings in shares of IonQ by 112.5% in the third quarter. Hilltop National Bank now owns 425 shares of the company’s stock valued at $26,000 after purchasing an additional 225 shares during the period. Accent Capital Management LLC raised its stake in shares of IonQ by 171.8% in the fourth quarter. Accent Capital Management LLC now owns 587 shares of the company’s stock worth $26,000 after purchasing an additional 371 shares during the last quarter. Finally, Fortitude Family Office LLC raised its stake in shares of IonQ by 3,800.0% in the fourth quarter. Fortitude Family Office LLC now owns 624 shares of the company’s stock worth $28,000 after purchasing an additional 608 shares during the last quarter. 41.42% of the stock is owned by institutional investors and hedge funds.
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.
Further Reading
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