IonQ, Inc. (NYSE:IONQ – Get Free Report)’s share price shot up 20.8% during trading on Wednesday . The company traded as high as $43.34 and last traded at $43.2080. 94,704,108 shares changed hands during trading, an increase of 324% from the average session volume of 22,336,244 shares. The stock had previously closed at $35.76.
IonQ News Summary
Here are the key news stories impacting IonQ this week:
- Positive Sentiment: DARPA contract win and a photonic entanglement breakthrough — institutional contract and demonstrated inter-system entanglement materially strengthen IonQ’s technical and government-commercial credentials. IonQ Stock Surges 20% Today: What Is Driving IONQ Higher
- Positive Sentiment: Nvidia’s new models cited as supportive for quantum sector — Nvidia’s product moves are being viewed as an endorsement for the sector, helping drive investor interest in IonQ. IonQ (IONQ) Soars 21% on Nvidia Quantum Computing Support
- Positive Sentiment: Strong revenue growth and bullish investor narratives — recent reports highlight >400% YoY revenue growth and profiles suggesting multibagger potential, reinforcing bullish sentiment. Could IonQ Be the Next Multibagger?
- Positive Sentiment: Broader quantum-stock rally spotlight — sector-wide gains and media coverage (Barron’s feature) are drawing fresh investor flows into public quantum names like IonQ. Quantum Stocks Had a Blowout Week. IonQ, Infleqtion, and Other Names to Watch.
- Positive Sentiment: Local/state funding could boost Bothell operations — reports say state dollars are being redirected to supercharge IonQ’s Bothell growth plans, a potential operational tailwind. State Raids Lottery Leftovers To Supercharge IonQ’s Bothell Quantum Boom
- Neutral Sentiment: Wall Street analyst attention — multiple Zacks pieces highlight analyst coverage and investor interest; that attention can amplify moves but doesn’t guarantee direction. Is It Worth Investing in IonQ (IONQ) Based on Wall Street’s Bullish Views?
- Neutral Sentiment: High retail/trending interest — Zacks notes IonQ is a trending ticker, which can boost liquidity and volatility without changing fundamentals. IonQ, Inc. (IONQ) Is a Trending Stock: Facts to Know Before Betting on It
- Negative Sentiment: Valuation and cash-burn concerns — analysts warn the rally already prices in high expectations while the company is burning cash and executing growth, a risk if milestones slip. Should You Buy Sell or Hold IonQ at $42 – Is the Quantum Rally Back?
- Negative Sentiment: Trading/insider-transaction scrutiny — a flagged trade tied to Rep. Greg Steube drew attention and could raise governance/public perception questions. IONQ stock trade by Greg Steube should raise ‘some flags,’ says tracker made popular by Nancy Pelosi’s stock moves
Analyst Ratings Changes
A number of research analysts have weighed in on IONQ shares. Rosenblatt Securities reissued a “buy” rating and issued a $100.00 target price on shares of IonQ in a research note on Thursday, February 26th. Morgan Stanley set a $37.00 target price on shares of IonQ in a research note on Thursday, February 26th. Wall Street Zen lowered shares of IonQ from a “hold” rating to a “sell” rating in a research note on Saturday, April 11th. JPMorgan Chase & Co. decreased their target price on shares of IonQ from $47.00 to $42.00 and set a “neutral” rating on the stock in a research note on Thursday, February 26th. Finally, DA Davidson decreased their target price on shares of IonQ from $55.00 to $35.00 and set a “neutral” rating on the stock in a research note on Thursday, February 26th. Nine analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, IonQ has an average rating of “Moderate Buy” and a consensus target price of $69.45.
IonQ Stock Performance
The stock’s 50 day simple moving average is $33.16 and its two-hundred day simple moving average is $46.29. The firm has a market capitalization of $16.93 billion, a PE ratio of -18.55 and a beta of 2.80.
Insider Transactions at IonQ
In other news, insider Robert T. Cardillo sold 5,165 shares of the firm’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 completion of the sale, the insider owned 112,291 shares in the company, valued at $4,428,757.04. This trade represents a 4.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director William J. Teuber, Jr. purchased 3,000 shares of the business’s stock in a transaction dated Friday, February 27th. The shares were purchased at an average price of $38.38 per share, with a total value of $115,140.00. Following the acquisition, the director directly owned 9,413 shares in the company, valued at approximately $361,270.94. The trade was a 46.78% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders sold 8,581 shares of company stock worth $316,156 in the last 90 days. Insiders own 5.20% of the company’s stock.
Institutional Trading of IonQ
A number of hedge funds and other institutional investors have recently made changes to their positions in IONQ. Vanguard Group Inc. increased its holdings in shares of IonQ by 18.5% during the 4th quarter. Vanguard Group Inc. now owns 34,774,743 shares of the company’s stock worth $1,560,343,000 after buying an additional 5,420,037 shares during the last quarter. Norges Bank acquired a new stake in shares of IonQ during the 4th quarter worth approximately $199,753,000. Marex Group plc increased its holdings 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. State Street Corp increased its holdings in shares of IonQ by 42.3% during the 4th quarter. State Street Corp now owns 8,962,789 shares of the company’s stock worth $402,160,000 after buying an additional 2,663,230 shares during the last quarter. Finally, Clear Street Group Inc. increased its holdings in shares of IonQ by 219.6% during the 4th quarter. Clear Street Group Inc. now owns 3,195,818 shares of the company’s stock worth $143,396,000 after buying an additional 2,196,017 shares during the last quarter. Institutional investors and hedge funds own 41.42% of the company’s stock.
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.
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