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NYSE:IONQ

IonQ (IONQ) Stock Forecast, Price & News

$14.24
+1.14 (+8.70%)
(As of 05:37 PM ET)
Compare
Today's Range
$13.25
$14.52
50-Day Range
$13.00
$19.86
52-Week Range
$3.04
$21.60
Volume
14.95 million shs
Average Volume
8.54 million shs
Market Capitalization
$2.89 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$17.80

IonQ MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
29.4% Upside
$17.80 Price Target
Short Interest
Healthy
17.19% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.50mentions of IonQ in the last 14 days
Based on 7 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($0.81) to ($0.73) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.26 out of 5 stars

Computer And Technology Sector

358th out of 584 stocks

Computer Integrated Systems Design Industry

17th out of 39 stocks


IONQ stock logo

About IonQ (NYSE:IONQ) Stock

IonQ, Inc. is a quantum computing company founded in 2015 by Jungsang Kim and Chris Monroe. The company is located in College Park, Maryland. Thanks to its innovative technology and talented team of scientists and engineers, it has quickly emerged as a leader in quantum computing. Quantum computing is a new technology that has the potential to revolutionize many industries, from finance and healthcare to logistics and transportation. Unlike classical computers, which use bits to store information, quantum computers use qubits, which can represent both 0 and 1 simultaneously. This allows quantum computers to perform tasks much faster than classical computers, making them ideal for solving complex problems such as optimizing supply chain management or simulating complex chemical reactions.

IonQ's technology is based on trapped ion technology, which uses ions to store and manipulate quantum information. This technology is one of the most promising approaches to building a scalable, fault-tolerant quantum computer, which is the holy grail of the quantum computing industry. IonQ's team of scientists and engineers has made significant progress in this area. In January 2021, the company announced that it had built the world's most powerful quantum computer, with a quantum volume of 4 million. This breakthrough has put IonQ at the forefront of the race to develop a scalable, fault-tolerant quantum computer.

The company's leadership team is led by Chief Executive Officer Peter Chapman, who joined the company in 2019. Chapman brings a wealth of experience to the company, having previously served as the CEO of two successful startups, including the 3D printing company Formlabs. Other key leadership team members include Chief Technology Officer Jungsang Kim, a renowned physicist and professor at Duke University.

Financially, IonQ has seen lackluster growth over the past few years, with no positive net income in the past several years and widely varying net income numbers. The company's valuation is estimated to be over $2 million, partly thanks to its promising technology and the growing interest in quantum computing. Regarding market performance, IonQ has yet to show a profit, but it has been making headlines in the tech world. In addition to building the world's most powerful quantum computer, the company has also announced partnerships with many high-profile companies, including Amazon Web Services and Goldman Sachs. These partnerships have helped to raise the company's profile and position it as a leader in the quantum computing industry.

The quantum computing industry is still in its early stages but is expected to grow rapidly over the next decade. According to a report by MarketsandMarkets, the quantum computing market is expected to grow from $472 million in 2021 to $1.7 billion by 2026, representing a compound annual growth rate (CAGR) of 29.04%. IonQ is well-positioned to take advantage of this growth, thanks to its talented team and groundbreaking technology.

However, the quantum computing industry has challenges. Building scalable, fault-tolerant quantum computers is one of the biggest challenges facing IonQ and other quantum computing companies. While IonQ has made significant progress in this area, there is still a long way to go before quantum computers are ready for mainstream use.

Other risks facing IonQ include competition from other quantum computing companies such as IBM, Google, and Rigetti Computing. Additionally, there is the risk of regulatory and political changes that could impact the quantum computing industry, such as changes in government funding or regulations around the use of quantum computers.

IONQ Price History

IONQ Stock News Headlines

This Stock Could Go Up 66% or More.
Marc Chaikin built the system that isolated NVDA before it became the best-performing stock of 2023.  Click here to get his latest buy.  More here.
Benchmark Co. Remains a Buy on IonQ (IONQ)
IonQ (NYSE:IONQ) Shares Gap Up to $13.53
IonQ (NYSE:IONQ) Rating Reiterated by Needham & Company LLC
This Stock Could Go Up 66% or More.
Marc Chaikin built the system that isolated NVDA before it became the best-performing stock of 2023.  Click here to get his latest buy.  More here.
IonQ Unusual Options Activity For September 14
IonQ Stock Is a High-Risk, High-Reward Buy Right Now
IonQ: One Factor Challenging Strong Business Momentum
IonQ Analysts Raise Their Forecasts After Q2 Results
See More Headlines
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IONQ Company Calendar

Last Earnings
8/10/2023
Today
9/27/2023
Next Earnings (Estimated)
11/13/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Computer integrated systems design
Sub-Industry
N/A
Fax
N/A
Employees
202
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$17.80
High Stock Price Forecast
$21.00
Low Stock Price Forecast
$14.00
Forecasted Upside/Downside
+28.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
6 Analysts

Profitability

Net Income
$-48,510,000.00
Net Margins
-694.48%
Pretax Margin
-694.48%

Debt

Sales & Book Value

Annual Sales
$11.13 million
Book Value
$2.84 per share

Miscellaneous

Free Float
176,258,000
Market Cap
$2.81 billion
Optionable
Optionable
Beta
2.08
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Key Executives

  • Mr. Peter Hume Chapman (Age 61)
    Pres, CEO & Director
    Comp: $763.55k
  • Ms. Rima Alameddine (Age 57)
    Chief Revenue Officer
    Comp: $80.3k
  • Dr. Jungsang Kim (Age 53)
    Co-Founder, CTO, Chief Strategy Officer & Director
  • Dr. Christopher Monroe Ph.D. (Age 56)
    Co-Founder & Chief Scientist
  • Mr. Thomas G. Kramer (Age 52)
    Chief Financial Officer
  • Mr. Tom Jones
    Chief People Officer
  • Mr. Noam Zakay
    Managing Director of IonQ GmBH













IONQ Stock - Frequently Asked Questions

Should I buy or sell IonQ stock right now?

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for IonQ in the last year. There are currently 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" IONQ shares.
View IONQ analyst ratings
or view top-rated stocks.

What is IonQ's stock price forecast for 2023?

6 brokers have issued 12 month target prices for IonQ's shares. Their IONQ share price forecasts range from $14.00 to $21.00. On average, they predict the company's share price to reach $17.80 in the next twelve months. This suggests a possible upside of 28.4% from the stock's current price.
View analysts price targets for IONQ
or view top-rated stocks among Wall Street analysts.

How have IONQ shares performed in 2023?

IonQ's stock was trading at $3.45 at the beginning of the year. Since then, IONQ stock has increased by 301.7% and is now trading at $13.86.
View the best growth stocks for 2023 here
.

Are investors shorting IonQ?

IonQ saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 27,660,000 shares, an increase of 13.8% from the August 15th total of 24,300,000 shares. Based on an average trading volume of 12,640,000 shares, the short-interest ratio is presently 2.2 days. Currently, 17.4% of the shares of the stock are sold short.
View IonQ's Short Interest
.

When is IonQ's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, November 13th 2023.
View our IONQ earnings forecast
.

How were IonQ's earnings last quarter?

IonQ, Inc. (NYSE:IONQ) issued its earnings results on Thursday, August, 10th. The company reported ($0.16) earnings per share for the quarter, hitting the consensus estimate of ($0.16). The firm earned $5.52 million during the quarter, compared to analysts' expectations of $4.37 million. IonQ had a negative trailing twelve-month return on equity of 18.28% and a negative net margin of 694.48%.

What ETFs hold IonQ's stock?

ETFs with the largest weight of IonQ (NYSE:IONQ) stock in their portfolio include Defiance Quantum ETF (QTUM).WisdomTree Artificial Intelligence and Innovation Fund (WTAI).

What guidance has IonQ issued on next quarter's earnings?

IonQ issued an update on its third quarter 2023 earnings guidance on Thursday, August, 10th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $4.80 million-$5.20 million, compared to the consensus revenue estimate of $4.94 million.

What is IonQ's stock symbol?

IonQ trades on the New York Stock Exchange (NYSE) under the ticker symbol "IONQ."

Who are IonQ's major shareholders?

IonQ's stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (5.62%), State Street Corp (1.60%), Geode Capital Management LLC (1.52%), Renaissance Technologies LLC (1.06%), Northern Trust Corp (0.72%) and Charles Schwab Investment Management Inc. (0.58%). Insiders that own company stock include 2016 Gp LLC Gv, Christopher Monroe, Enterprise Associates 15 New, Harry L You, Jungsang Kim, Laurie A Babinski, Peter Hume Chapman and Thomas G Kramer.
View institutional ownership trends
.

How do I buy shares of IonQ?

Shares of IONQ stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is IonQ's stock price today?

One share of IONQ stock can currently be purchased for approximately $13.86.

How much money does IonQ make?

IonQ (NYSE:IONQ) has a market capitalization of $2.81 billion and generates $11.13 million in revenue each year. The company earns $-48,510,000.00 in net income (profit) each year or ($0.57) on an earnings per share basis.

How many employees does IonQ have?

The company employs 202 workers across the globe.

How can I contact IonQ?

IonQ's mailing address is 4505 Campus Drive, College Park, MD 20740 United States. The official website for the company is ionq.com. The company can be reached via phone at 301-298-7997 or via email at investors@ionq.com.

This page (NYSE:IONQ) was last updated on 9/27/2023 by MarketBeat.com Staff

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