IonQ (NYSE:IONQ) Stock Price Down 1.7% – What’s Next?

07 Oct 2026, 13:21 by Tristan Rich · The Markets Daily

IonQ, Inc. (NYSE:IONQ – Get Free Report)’s stock price fell 1.7% on Monday. The company traded as low as $42.24 and last traded at $43.0390. 16,320,045 shares changed hands during trading, a decline of 34% from the average daily volume of 24,641,629 shares. The stock had previously closed at $43.77.

Analyst Upgrades and Downgrades

Several research analysts recently commented on IONQ shares. Bank of America assumed coverage on shares of IonQ in a research note on Monday, September 28th. They issued a “buy” rating and a $60.00 target price on the stock. Mizuho dropped their price target on shares of IonQ from $61.00 to $52.00 and set an “outperform” rating for the company in a research report on Wednesday, September 9th. Weiss Ratings lowered shares of IonQ from a “sell (d+)” rating to a “sell (d-)” rating in a report on Friday, August 21st. Wedbush restated an “outperform” rating and issued a $75.00 price objective on shares of IonQ in a research report on Tuesday, September 22nd. Finally, Morgan Stanley set a $49.00 price objective on shares of IonQ in a research note on Thursday, August 6th. Ten research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $63.83.

Check Out Our Latest Research Report on IONQ

IonQ Stock Up 0.9%

The firm’s 50-day moving average is $41.08 and its 200-day moving average is $44.59. The company has a market cap of $16.51 billion, a PE ratio of -9.30 and a beta of 3.36.

IonQ (NYSE:IONQ – Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported ($0.33) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.56) by $0.23. IonQ had a negative net margin of 553.27% and a negative return on equity of 22.29%. The company had revenue of $80.05 million during the quarter, compared to the consensus estimate of $66.47 million. IonQ’s revenue was up 286.7% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.70) earnings per share. As a group, equities research analysts anticipate that IonQ, Inc. will post -2.11 EPS for the current fiscal year.

Insider Activity

In other news, insider John Raymond sold 2,407 shares of the firm’s stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $37.21, for a total value 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.55% of the company’s stock.

Hedge Funds Weigh In On IonQ

Institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in shares of IonQ during the 2nd quarter valued at $1,112,945,000. Bank of America Corp DE bought a new position in shares of IonQ in the 2nd quarter worth about $344,757,000. Clear Street Group Inc. lifted its position in IonQ by 219.6% during the 4th quarter. Clear Street Group Inc. now owns 3,195,818 shares of the company’s stock valued at $143,396,000 after acquiring an additional 2,196,017 shares during the period. Bank of New York Mellon Corp purchased a new position in IonQ during the 2nd quarter valued at about $113,863,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in IonQ by 45.0% during 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 worth $86,936,000 after acquiring an additional 506,191 shares in the last quarter. Institutional investors own 41.42% of the company’s stock.

About IonQ

(Get Free Report)

IonQ, Inc is a quantum computing company that develops and commercializes quantum computers based on trapped-ion technology. Its systems are designed to perform specialized computations that may eventually support applications in areas such as optimization, materials science, drug discovery, financial modeling and artificial intelligence.