IonQ (NYSE:IONQ) Shares Down 6.4% – Should You Sell?

IonQ, Inc. (NYSE:IONQ) traded down 6.4% during trading on Friday. The stock traded as low as $28.25 and last traded at $28.8970. 21,577,483 shares changed hands during trading, a decline of 12% from the average session volume of 24,472,959 shares. The stock had previously closed at $30.86.

IonQ News Summary

Here’s some of the latest news about IONQ:

• Positive Sentiment: IonQ reported 336% year-over-year third-quarter revenue growth and raised its 2026 revenue guidance to $505–$515 million. 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” fault-tolerant design. The milestone may bolster the case for IonQ’s technology in practical and government applications. IonQ (IONQ) Reaches DARPA Stage C With Its Walking Cat Quantum Design
• Negative Sentiment: Broader technology-sector pessimism, including investor scrutiny of leadership changes at Nvidia, and weak results from other quantum companies have added pressure to IonQ shares. Why Pessimism For This Tech Giant Spilled Over to IonQ Inc. (IONQ) Shares

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on IONQ shares. Rosenblatt Securities restated a “buy” rating and issued a $100.00 target price on shares of IonQ in a research note on Tuesday, October 13th. Benchmark reaffirmed a “buy” rating and set a $60.00 price target on shares of IonQ in a research report on Thursday, August 6th. Cantor Fitzgerald decreased their price objective on IonQ from $70.00 to $60.00 and set an “overweight” rating for the company in a report on Friday, November 6th. Needham & Company LLC decreased their price objective on IonQ from $65.00 to $48.00 and set a “buy” rating for the company in a report on Friday, November 6th. Finally, Zacks Research cut IonQ from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 5th. Ten research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $60.23.

IonQ Stock Down 6.4%

The stock has a market capitalization of $12.41 billion, a PE ratio of 107.03 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 company’s 50-day moving average is $36.54 and its 200 day moving average is $41.31.

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

Insider Activity

In other news, insider John Raymond sold 2,407 shares of IonQ stock in a transaction 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 sale, the insider directly owned 77,741 shares in the company, valued at approximately $2,892,742.61. The trade was a 3.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.55% of the company’s stock.

Institutional Investors Weigh In On IonQ

A number of large investors have recently made changes to their positions in the stock. BlackRock Inc. purchased a new stake in IonQ during the 2nd quarter valued at about $1,112,945,000. Bank of America Corp DE acquired a new position in shares of IonQ in the second quarter valued at about $344,757,000. Bank of New York Mellon Corp purchased a new position in shares of IonQ in the second quarter worth about $113,863,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of 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 worth $86,936,000 after purchasing an additional 506,191 shares during the last quarter. Finally, Legal & General Group Plc acquired a new stake in shares of IonQ during the second quarter worth about $82,126,000. 41.42% of the stock is owned by hedge funds and other institutional investors.

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.