NYSE:IONQ

IonQ (IONQ) Stock Price, News & Analysis

$8.20
+0.23 (+2.89%)
(As of 04/24/2024 ET)
Today's Range
$8.01
$8.37
50-Day Range
$7.09
$11.57
52-Week Range
$5.29
$21.60
Volume
5.98 million shs
Average Volume
6.72 million shs
Market Capitalization
$1.71 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$16.50

IonQ MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
101.3% Upside
$16.50 Price Target
Short Interest
Bearish
25.20% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.60mentions of IonQ in the last 14 days
Based on 10 Articles This Week
Insider Trading
Selling Shares
$882,871 Sold Last Quarter
Proj. Earnings Growth
Decreasing
From ($1.24) to ($1.40) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.47 out of 5 stars

Computer And Technology Sector

484th out of 586 stocks

Computer Integrated Systems Design Industry

26th out of 34 stocks

IONQ stock logo

About IonQ Stock (NYSE:IONQ)

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 Stock Price History

IONQ Stock News Headlines

3 Quantum Computing Stocks to Buy Now: Q2 Edition
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IonQ (NYSE:IONQ) Shares Gap Down to $7.37
IonQ Stock Alert: Mark Your Calendars for May 8
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IonQ: Significant Potential, Much Uncertainty
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IonQ: Don't Buy The Wrong Qubit Technology
IONQ Apr 2024 10.500 put
See More Headlines
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Company Calendar

Last Earnings
2/28/2024
Today
4/24/2024
Next Earnings (Confirmed)
5/08/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Computer integrated systems design
Sub-Industry
N/A
Fax
N/A
Employees
324
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$16.50
High Stock Price Target
$21.00
Low Stock Price Target
$11.50
Potential Upside/Downside
+101.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
6 Analysts

Profitability

Net Income
$-157,770,000.00
Net Margins
-715.77%
Pretax Margin
-715.56%

Debt

Sales & Book Value

Annual Sales
$22.04 million
Book Value
$2.35 per share

Miscellaneous

Free Float
181,160,000
Market Cap
$1.71 billion
Optionable
Optionable
Beta
2.14
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IONQ Stock Analysis - Frequently Asked Questions

Should I buy or sell IonQ stock right now?

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

What is IonQ's stock price target for 2024?

6 analysts have issued 1-year target prices for IonQ's stock. Their IONQ share price targets range from $11.50 to $21.00. On average, they predict the company's share price to reach $16.50 in the next twelve months. This suggests a possible upside of 101.3% 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 2024?

IonQ's stock was trading at $12.39 at the beginning of 2024. Since then, IONQ shares have decreased by 33.9% and is now trading at $8.1950.
View the best growth stocks for 2024 here
.

Are investors shorting IonQ?

IonQ saw a decline in short interest in the month of March. As of March 15th, there was short interest totaling 42,490,000 shares, a decline of 8.5% from the February 29th total of 46,440,000 shares. Based on an average daily trading volume, of 7,100,000 shares, the short-interest ratio is currently 6.0 days. Approximately 24.5% of the company's shares are short sold.
View IonQ's Short Interest
.

When is IonQ's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024.
View our IONQ earnings forecast
.

How can I listen to IonQ's earnings call?

IonQ will be holding an earnings conference call on Wednesday, May 8th at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-6671 with passcode "13745211".

How were IonQ's earnings last quarter?

IonQ, Inc. (NYSE:IONQ) posted its quarterly earnings data on Wednesday, February, 28th. The company reported ($0.20) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.23) by $0.03. The business earned $6.11 million during the quarter, compared to analysts' expectations of $5.70 million. IonQ had a negative net margin of 715.77% and a negative trailing twelve-month return on equity of 28.27%.

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

IonQ issued an update on its first quarter 2024 earnings guidance on Wednesday, February, 28th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $6.5 million-$7.5 million, compared to the consensus revenue estimate of $6.6 million.

Who are IonQ's major shareholders?

IonQ's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Traynor Capital Management Inc. (0.00%). 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, Rima Alameddine 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:IONQ) was last updated on 4/24/2024 by MarketBeat.com Staff

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