IonQ (NYSE:IONQ) Trading 11.9% Higher – Here’s Why

IonQ, Inc. (NYSE:IONQ)’s stock price rose 11.9% during mid-day trading on Thursday . The stock traded as high as $36.18 and last traded at $35.7910. Approximately 23,051,293 shares traded hands during mid-day trading, a decline of 10% from the average session volume of 25,574,877 shares. The stock had previously closed at $31.99.

Key IonQ News

Here are the key news stories impacting IonQ this week:

• Positive Sentiment: IonQ received final regulatory approval to acquire SkyWater Technology, with the transaction expected to close shortly. The deal could accelerate IonQ’s hardware roadmap, provide a U.S.-based semiconductor manufacturing capability and reduce reliance on foreign chip suppliers. IonQ Receives Final Regulatory Approval to Acquire SkyWater Technology
• Positive Sentiment: Wedbush said approval of the SkyWater acquisition should improve IonQ’s long-term roadmap, reinforcing the strategic rationale for the transaction. IonQ getting approval for SkyWater acquisition should improve its roadmap
• Positive Sentiment: Benchmark upgraded IonQ to “strong-buy,” providing additional momentum and signaling confidence in the company’s long-term quantum-computing opportunity. Benchmark upgrade
• Positive Sentiment: Reports highlighted a networking milestone that is attracting investor attention, suggesting progress beyond theoretical research and toward commercially useful quantum systems. IonQ Networking Milestone Gains Attention
• Neutral Sentiment: IonQ is among several quantum-computing companies scheduled to report second-quarter 2026 results. The earnings release and management commentary could determine whether investors view the recent sector decline as excessive or justified. Quantum Earnings Could Decide Whether the Sector’s Sell-Off Has Gone Too Far
• Negative Sentiment: Quantum-computing stocks have fallen sharply over the past month as investors moved away from high-valuation, pre-profit technology companies. IonQ continues to face substantial losses and technology-scaling risks. Quantum Computing Stocks Sell-Off
• Negative Sentiment: Investor comparisons continue to favor more established or profitable technology companies over IonQ, whose triple-digit growth potential is offset by significant net losses and execution risk. Astera Labs vs. IonQ

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Rosenblatt Securities restated a “buy” rating and set a $100.00 price target on shares of IonQ in a research report on Thursday, June 11th. JPMorgan Chase & Co. increased their price objective on IonQ from $42.00 to $50.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Northland Securities raised their price objective on IonQ from $55.00 to $70.00 and gave the company an “outperform” rating in a research report on Monday, June 22nd. Wedbush restated an “outperform” rating and set a $60.00 target price on shares of IonQ in a report on Monday, May 4th. Finally, Morgan Stanley set a $48.50 target price on shares of IonQ in a research report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $69.46.

IonQ Stock Up 11.9%

The company’s fifty day moving average price is $51.57 and its 200-day moving average price is $43.77. The stock has a market capitalization of $13.36 billion, a PE ratio of -127.82 and a beta of 3.23.

IonQ (NYSE:IONQ) last posted its quarterly earnings results on Wednesday, May 6th. The company reported ($0.34) earnings per share for the quarter, missing the consensus estimate of ($0.26) by ($0.08). IonQ had a negative return on equity of 23.20% and a net margin of 174.88%.The company had revenue of $64.67 million during the quarter, compared to analysts’ expectations of $49.75 million. During the same quarter in the previous year, the company earned ($0.14) EPS. The business’s quarterly revenue was up 754.7% on a year-over-year basis. Equities research analysts anticipate that IonQ, Inc. will post -2.26 earnings per share for the current year.

Insider Buying and Selling

In other news, insider John W. Raymond sold 3,815 shares of the 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 sale, the insider directly owned 80,148 shares of the company’s stock, valued at approximately $4,408,941.48. This represents a 4.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Kathryn K. Chou sold 2,757 shares of the firm’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $55.02, for a total value of $151,690.14. Following the transaction, the director owned 62,608 shares of the company’s stock, valued at $3,444,692.16. The trade was a 4.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 13,102 shares of company stock valued at $701,489. 0.55% of the stock is owned by insiders.

Institutional Trading of IonQ

Institutional investors and hedge funds have recently bought and sold shares of the company. Beaird Harris Wealth Management LLC lifted its stake in shares of IonQ by 117.4% in the third quarter. Beaird Harris Wealth Management LLC now owns 500 shares of the company’s stock worth $31,000 after buying an additional 270 shares in the last quarter. Accent Capital Management LLC increased its position in shares of IonQ by 171.8% during the fourth quarter. Accent Capital Management LLC now owns 587 shares of the company’s stock valued at $26,000 after acquiring an additional 371 shares in the last quarter. Kelleher Financial Advisors bought a new stake in shares of IonQ during the third quarter valued at approximately $36,000. Fortitude Family Office LLC raised its holdings in IonQ by 3,800.0% in the 4th quarter. Fortitude Family Office LLC now owns 624 shares of the company’s stock worth $28,000 after acquiring an additional 608 shares during the last quarter. Finally, Banque Transatlantique SA purchased a new position in IonQ in the 3rd quarter worth approximately $43,000. 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.