IonQ, Inc. (NYSE:IONQ – Get Free Report) shot up 3.4% during mid-day trading on Friday . The company traded as high as $46.69 and last traded at $46.1820. 48,405,162 shares traded hands during mid-day trading, an increase of 106% from the average session volume of 23,512,736 shares. The stock had previously closed at $44.68.
IonQ News Roundup
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
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on IONQ. Rosenblatt Securities restated a “buy” rating and issued a $100.00 price target on shares of IonQ in a research report on Thursday, February 26th. Cantor Fitzgerald restated an “overweight” rating on shares of IonQ in a research report on Monday, February 9th. Morgan Stanley set a $37.00 price target on shares of IonQ in a research report on Thursday, February 26th. JPMorgan Chase & Co. dropped their price target 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. Finally, Needham & Company LLC dropped their price target on shares of IonQ from $80.00 to $65.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. Nine research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $69.45.
IonQ Stock Performance
The firm’s 50 day moving average price is $33.16 and its two-hundred day moving average price is $46.29. The company has a market cap of $16.93 billion, a P/E ratio of -18.55 and a beta of 2.80.
Insider Activity
In related news, Director William J. Teuber, Jr. acquired 3,000 shares of the stock in a transaction dated Friday, February 27th. The stock was 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 of the company’s stock, valued at $361,270.94. The trade was a 46.78% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Robert T. Cardillo sold 5,165 shares of IonQ stock in a transaction 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 of the company’s stock, valued at $4,428,757.04. This represents a 4.40% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 8,581 shares of company stock worth $316,156 in the last quarter. 5.20% of the stock is owned by corporate insiders.
Institutional Trading of IonQ
Hedge funds and other institutional investors have recently bought and sold shares of the business. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in IonQ during the 3rd quarter valued at $806,000. Clear Street Group Inc. bought a new stake in IonQ during the 3rd quarter valued at $61,488,000. Western Wealth Management LLC increased its stake in IonQ by 222.8% during the 3rd quarter. Western Wealth Management LLC now owns 23,762 shares of the company’s stock valued at $1,461,000 after purchasing an additional 16,400 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in IonQ by 56.8% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 47,545 shares of the company’s stock valued at $2,924,000 after purchasing an additional 17,215 shares in the last quarter. Finally, Penserra Capital Management LLC increased its stake in IonQ by 64.3% during the 3rd quarter. Penserra Capital Management LLC now owns 800,141 shares of the company’s stock valued at $49,208,000 after purchasing an additional 313,008 shares in the last quarter. Institutional investors own 41.42% of the company’s stock.
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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