IonQ (NYSE:IONQ) Shares Down 9.4% – Here’s Why

IonQ, Inc. (NYSE:IONQ)’s stock price was down 9.4% during trading on Thursday. The stock traded as low as $30.67 and last traded at $30.8610. Approximately 20,472,022 shares were traded during mid-day trading, a decline of 16% from the average daily volume of 24,484,143 shares. The stock had previously closed at $34.06.

Key IonQ News

Here’s some of the latest news about IONQ:

• Neutral Sentiment: The revenue beat and raised outlook have strengthened IonQ’s growth case, but analysts and investors are weighing how much of the sales growth reflects durable demand versus its recently acquired chip foundry; nearly half of the quarter’s revenue reportedly came from that business. Article: Raised Guidance Might Change The Case For Investing In IonQ Stock
• Negative Sentiment: Quantum stocks faced selling after Rigetti’s CEO said the industry has not yet demonstrated clear customer ROI. IonQ fell alongside peers, suggesting the reaction reflects skepticism about the sector’s path to commercial adoption—not a new IonQ-specific setback. Article: Rigetti Falls After CEO Admits Quantum Can’t Yet Prove ROI; IonQ Sinks
• Negative Sentiment: IonQ’s ongoing losses raise concerns about profitability and the possibility it may need to seek additional capital in coming years. Those risks may weigh particularly heavily on a high-expectation growth stock. Article: Where Will IonQ Stock Be in 5 Years?

Wall Street Analyst Weigh In

IONQ has been the topic of a number of research reports. Jefferies Financial Group reduced 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 Friday, November 6th. Weiss Ratings upgraded shares of IonQ from a “sell (d-)” rating to a “sell (d+)” rating in a report on Monday. Needham & Company LLC cut their price objective on IonQ from $65.00 to $48.00 and set a “buy” rating on the stock in a research report on Friday, November 6th. Benchmark reiterated a “buy” rating and set a $60.00 target price on shares of IonQ in a report on Thursday, August 6th. Finally, B. Riley Financial decreased their target price on IonQ from $100.00 to $75.00 and set a “buy” rating for the company in a research report on Monday, November 2nd. Ten investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, IonQ presently has a consensus rating of “Moderate Buy” and a consensus target price of $60.23.

IonQ Trading Down 9.4%

The stock has a market cap of $13.25 billion, a P/E ratio of 114.30 and a beta of 3.32. The company has a current ratio of 4.24, a quick ratio of 10.66 and a debt-to-equity ratio of 0.01. The stock’s fifty day moving average price is $36.68 and its 200 day moving average price is $41.37.

IonQ (NYSE:IONQ) last issued its quarterly earnings results on Thursday, November 5th. The company reported ($0.29) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.35) by $0.06. IonQ had a net margin of 67.09% and a return on equity of 0.18%. The company had revenue of $173.83 million during the quarter, compared to analyst estimates of $141.49 million. During the same period last year, the business earned ($3.58) EPS. IonQ’s quarterly revenue was up 336.0% compared to the same quarter last year. Equities research analysts expect that IonQ, Inc. will post -2.96 earnings per share for the current year.

Insider Buying and Selling at IonQ

In other IonQ news, insider John Raymond sold 2,407 shares of the firm’s stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $37.21, for a total transaction of $89,564.47. Following the completion of the transaction, the insider owned 77,741 shares of the company’s stock, valued at approximately $2,892,742.61. This trade represents a 3.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.55% of the company’s stock.

Institutional Trading of IonQ

A number of hedge funds have recently made changes to their positions in IONQ. BlackRock Inc. bought a new position in IonQ during the 2nd quarter valued at approximately $1,112,945,000. Bank of America Corp DE purchased a new position in IonQ during the second quarter valued at $344,757,000. Bank of New York Mellon Corp bought a new stake in IonQ in the second quarter worth $113,863,000. Legal & General Group Plc bought a new stake in IonQ in the second quarter worth $82,126,000. Finally, Voya Investment Management LLC boosted its holdings in IonQ by 50.9% in the third quarter. Voya Investment Management LLC now owns 1,642,188 shares of the company’s stock worth $72,026,000 after acquiring an additional 553,640 shares in the last quarter. 41.42% of the stock is owned by institutional investors.

About IonQ

IonQ, Inc. develops quantum computers and related technologies using trapped-ion qubits, which store information in individual charged atoms. The company designs quantum computing hardware and software for applications that may benefit from quantum processing, including optimization, chemistry, and machine learning. IonQ makes its quantum systems available to businesses, government agencies, and researchers through its cloud service and third-party platforms, including Amazon Braket and Microsoft Azure Quantum.