IonQ (NYSE:IONQ) Shares Down 6.6% – Should You Sell?

Posted by Francis Steltz on Jul 16th, 2026

IonQ, Inc. (NYSE:IONQ – Get Free Report) dropped 6.6% during mid-day trading on Thursday . The stock traded as low as $34.67 and last traded at $35.0250. 24,304,784 shares traded hands during trading, a decline of 6% from the average session volume of 25,974,443 shares. The stock had previously closed at $37.51.

Analyst Upgrades and Downgrades

Several brokerages have commented on IONQ. Wall Street Zen upgraded shares of IonQ from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 13th. Northland Securities raised their target price on IonQ from $55.00 to $70.00 and gave the company an “outperform” rating in a report on Monday, June 22nd. Weiss Ratings upgraded IonQ from a “sell (d-)” rating to a “sell (d+)” rating in a research note on Monday, May 11th. JPMorgan Chase & Co. boosted their price target on IonQ from $42.00 to $50.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Finally, Morgan Stanley set a $48.50 price objective on IonQ in a research report on Thursday, May 7th. Ten investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $69.88.

Check Out Our Latest Report on IonQ

IonQ Stock Performance

The firm has a market cap of $13.07 billion, a price-to-earnings ratio of -125.09 and a beta of 3.23. The business has a fifty day simple moving average of $55.20 and a 200-day simple moving average of $44.69.

IonQ (NYSE:IONQ – Get Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The company reported ($0.34) EPS for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.08). The firm had revenue of $64.67 million for the quarter, compared to analyst estimates of $49.75 million. IonQ had a net margin of 174.88% and a negative return on equity of 23.20%. The business’s revenue for the quarter was up 754.7% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.14) earnings per share. On average, equities analysts anticipate that IonQ, Inc. will post -2.26 earnings per share for the current year.

Insider Buying and Selling at IonQ

In related news, insider John W. Raymond sold 3,815 shares of the business’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $55.01, for a total value of $209,863.15. Following the sale, the insider owned 80,148 shares of the company’s stock, valued at $4,408,941.48. The trade was a 4.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Robert T. Cardillo sold 3,773 shares of the stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $49.90, for a total value of $188,272.70. Following the completion of the sale, the insider owned 139,967 shares of the company’s stock, valued at $6,984,353.30. The trade was a 2.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 13,102 shares of company stock valued at $701,489. Insiders own 0.55% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Swedbank AB bought a new stake in shares of IonQ in the 4th quarter valued at $2,708,000. Jefferies Financial Group Inc. bought a new position in IonQ during the fourth quarter worth $3,271,000. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its holdings in IonQ by 96.5% in the first 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 buying an additional 61,656 shares during the period. ProShare Advisors LLC lifted its holdings in IonQ by 30.3% in the fourth quarter. ProShare Advisors LLC now owns 62,184 shares of the company’s stock valued at $2,790,000 after buying an additional 14,465 shares during the period. Finally, Forsta AP Fonden bought a new stake in IonQ during the fourth quarter valued at $5,488,000. 41.42% of the stock is owned by institutional investors and hedge funds.

IonQ Company Profile

(Get Free Report)

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.