IonQIONQ
Market Cap: $1.46B
About: IonQ Inc sells access to several quantum computers of various qubit capacities and is in the process of researching and developing technologies for quantum computers with increasing computational capabilities. The company currently makes access to its quantum computers available via cloud platforms and also to select customers via its own cloud service. This cloud-based approach enables the broad availability of quantum-computing-as-a-service (QCaaS). The company derives its revenue from its quantum-computing-as-a-service arrangements, consulting services related to co-developing algorithms on company's quantum computing systems, and contracts associated with the design, development, and construction of specialized quantum computing systems together with related services.
Employees: 324
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
77% more repeat investments, than reductions
Existing positions increased: 76 | Existing positions reduced: 43
21% more call options, than puts
Call options by funds: $18.6M | Put options by funds: $15.4M
6% more first-time investments, than exits
New positions opened: 36 | Existing positions closed: 34
1% more funds holding
Funds holding: 208 [Q1] → 210 (+2) [Q2]
5.0% less ownership
Funds ownership: 40.19% [Q1] → 35.19% (-5.0%) [Q2]
20% less funds holding in top 10
Funds holding in top 10: 5 [Q1] → 4 (-1) [Q2]
37% less capital invested
Capital invested by funds: $835M [Q1] → $523M (-$312M) [Q2]
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
Benchmark David Williams 31% 1-year accuracy 11 / 36 met price target | 76%upside $12 | Buy Maintained | 12 Aug 2024 |
Goldman Sachs Toshiya Hari 59% 1-year accuracy 32 / 54 met price target | 18%upside $8 | Neutral Maintained | 9 Aug 2024 |
Craig-Hallum Richard Shannon 40% 1-year accuracy 10 / 25 met price target | 121%upside $15 | Buy Maintained | 8 Aug 2024 |
Financial journalist opinion
Based on 15 articles about IONQ published over the past 30 days