IonQ (NYSE:IONQ) Trading Up 1.1% – Should You Buy?

IonQ, Inc. (NYSE:IONQ)’s stock price rose 1.1% during trading on Friday . The company traded as high as $39.73 and last traded at $39.44. Approximately 12,931,968 shares were traded during mid-day trading, a decline of 47% from the average daily volume of 24,604,213 shares. The stock had previously closed at $39.02.

More IonQ News

Here are the key news stories impacting IonQ this week:

• Positive Sentiment: IonQ appointed Dr. Eric Ball and Timothy Baxter to its board. Ball brings experience from SkyWater Technology, which IonQ recently acquired, while Baxter adds senior Oracle, enterprise technology, operational, financing, and governance experience. The appointments could support integration of recent acquisitions and future capital-allocation decisions. What Could IonQ Gain From Adding Two Veteran Board Members?
• Positive Sentiment: IonQ has raised its 2026 revenue forecast twice, most recently to $280 million–$290 million. Investors may look for the company to provide a multiyear revenue target or combined-company guidance after SkyWater’s integration, which could improve visibility into growth from quantum computing, semiconductor manufacturing, and related businesses. Prediction: IonQ Puts a Multiyear Revenue Number on the Board Tuesday
• Positive Sentiment: IonQ is broadening beyond its core quantum-computing market through defense and national-security contracts, including a DARPA contract, the Capella Space acquisition, and a Sandia National Laboratories partnership. A planned IonQ Tempo installation at South Korea’s KISTI in April 2027 also points to expanding international adoption. Could IonQ Become More Than a Quantum Computing Company?
• Neutral Sentiment: IonQ’s latest earnings exceeded expectations, with revenue of approximately $80.1 million versus an estimate of $66.5 million, while the company remains unprofitable. A post-earnings review notes the stock has weakened since the report, leaving investors focused on updated earnings estimates and execution. IonQ Down Since Last Earnings Report: Can It Rebound?
• Negative Sentiment: IonQ has formed a bearish “death cross,” with its 50-day moving average below its 200-day average. The signal reflects continued weakness in speculative technology stocks and could encourage short-term selling. The company also carries a high-growth valuation despite substantial losses, making the shares sensitive to interest-rate expectations and broader risk appetite. These 3 Stock Charts Just Flashed the Dreaded Death Cross Pattern

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Weiss Ratings lowered IonQ from a “sell (d+)” rating to a “sell (d-)” rating in a research note on Friday, August 21st. Wall Street Zen downgraded IonQ from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 8th. Northland Securities upped their price objective on IonQ from $55.00 to $70.00 and gave the stock an “outperform” rating in a report on Monday, June 22nd. Needham & Company LLC reiterated a “buy” rating and set a $65.00 target price on shares of IonQ in a research report on Thursday, August 6th. Finally, Wedbush initiated coverage on shares of IonQ in a report on Monday, August 3rd. They issued an “outperform” rating and a $75.00 target price for the company. Nine investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $69.92.

IonQ Trading Up 1.1%

The company’s 50 day moving average is $41.24 and its 200 day moving average is $43.53. The company has a market cap of $15.03 billion, a PE ratio of -8.46 and a beta of 3.30.

IonQ (NYSE:IONQ) last issued its earnings results on Wednesday, August 5th. The company reported ($0.33) EPS for the quarter, topping analysts’ consensus estimates of ($0.56) by $0.23. The business had revenue of $80.05 million for the quarter, compared to the consensus estimate of $66.47 million. IonQ had a negative net margin of 553.27% and a negative return on equity of 22.29%. The company’s revenue for the quarter was up 286.7% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.70) EPS. Analysts expect that IonQ, Inc. will post -2.86 EPS for the current year.

Insider Activity at IonQ

In other IonQ news, Director Kathryn K. Chou sold 2,757 shares of IonQ stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $55.02, for a total transaction of $151,690.14. Following the completion of the sale, the director directly owned 62,608 shares of the company’s stock, valued at $3,444,692.16. The trade was a 4.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider John W. Raymond sold 3,815 shares of the company’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $55.01, for a total value of $209,863.15. Following the completion of the sale, the insider owned 80,148 shares of the company’s stock, valued at $4,408,941.48. This represents a 4.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 9,329 shares of company stock worth $513,216. Company insiders own 0.55% of the company’s stock.

Institutional Trading of IonQ

Institutional investors and hedge funds have recently made changes to their positions in the company. Swedbank AB bought a new position in IonQ in the fourth quarter worth approximately $2,708,000. Jefferies Financial Group Inc. bought a new stake in IonQ during the 4th quarter valued at $3,271,000. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in IonQ by 96.5% during the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 125,556 shares of the company’s stock valued at $3,620,000 after acquiring an additional 61,656 shares in the last quarter. ProShare Advisors LLC increased its holdings in shares of IonQ by 30.3% in the 4th quarter. ProShare Advisors LLC now owns 62,184 shares of the company’s stock valued at $2,790,000 after acquiring an additional 14,465 shares during the period. Finally, Simplicity Wealth LLC purchased a new position in shares of IonQ in the 2nd quarter valued at $981,000. 41.42% of the stock is currently owned by institutional investors.

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.