IonQ (NYSE:IONQ) Stock Falls 2.4% – Here’s What Happened

IonQ, Inc. (NYSE:IONQ) shares dropped 2.4% on Wednesday. The company traded as low as $34.00 and last traded at $34.1540. Approximately 16,231,032 shares traded hands during trading, a decline of 34% from the average session volume of 24,499,732 shares. The stock had previously closed at $34.99.

IonQ News Roundup

These are some of the IONQ news items that stood out recently:

• Positive Sentiment: IonQ reported third-quarter revenue growth of 336% and raised its 2026 revenue outlook to $505 million–$515 million, supporting its growth story. Article: IonQ Is Up 3% in a Week. Is Its “Industry Record” Guidance Really That Good?
• Positive Sentiment: The company reported progress to Stage C of DARPA’s Quantum Benchmarking Initiative, highlighting its “walking cat” design for fault-tolerant quantum computing. Article: IonQ Reaches DARPA Stage C With Its Walking Cat Quantum Design
• Negative Sentiment: Broader tech-market pessimism and weak results from other quantum-computing companies have added pressure, despite IonQ’s own strong reported revenue growth. Article: Why Pessimism For This Tech Giant Spilled Over to IonQ Shares

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on IONQ shares. Bank of America reissued a “buy” rating and set a $50.00 target price on shares of IonQ in a research note on Friday, November 6th. Cantor Fitzgerald dropped their target price on shares of IonQ from $70.00 to $60.00 and set an “overweight” rating on the stock in a report on Friday, November 6th. Wall Street Zen upgraded shares of IonQ from a “strong sell” rating to a “sell” rating in a research note on Saturday, November 7th. Morgan Stanley reduced their price target on shares of IonQ from $49.00 to $43.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 15th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $100.00 price objective on shares of IonQ in a report on Tuesday, October 13th. Ten investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $60.23.

IonQ Trading Down 5.6%

The company has a debt-to-equity ratio of 0.01, a quick ratio of 10.66 and a current ratio of 4.24. The firm has a market capitalization of $12.51 billion, a price-to-earnings ratio of 107.37 and a beta of 3.32. The business has a 50 day moving average of $36.54 and a two-hundred day moving average of $41.31.

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

Insider Buying and Selling at IonQ

In other news, insider John Raymond sold 2,407 shares of the firm’s stock in a transaction dated Thursday, September 10th. The stock was 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 in the company, valued at $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 SEC, which is available at the SEC website. 0.55% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On IonQ

Large investors have recently made changes to their positions in the business. BlackRock Inc. acquired a new position in shares of IonQ during the 2nd quarter worth about $1,112,945,000. Bank of America Corp DE acquired a new position in shares of IonQ in the second quarter valued at approximately $344,757,000. Bank of New York Mellon Corp acquired a new position in shares of IonQ in the 2nd quarter valued at about $113,863,000. Voya Investment Management LLC increased its position in shares of IonQ by 50.9% in the 3rd quarter. Voya Investment Management LLC now owns 1,642,188 shares of the company’s stock worth $72,026,000 after purchasing an additional 553,640 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in IonQ by 45.0% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,632,290 shares of the company’s stock valued at $86,936,000 after buying an additional 506,191 shares during the last quarter. 41.42% of the stock is owned by institutional investors and hedge funds.

IonQ Company Profile

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.