IonQIONQ
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 Q3 regulatory filings by fund managers ($100M+ AUM)
79% more first-time investments, than exits
New positions opened: 59 | Existing positions closed: 33
67% more repeat investments, than reductions
Existing positions increased: 75 | Existing positions reduced: 45
26% more capital invested
Capital invested by funds: $552M [Q2] → $698M (+$145M) [Q3]
12% more funds holding
Funds holding: 211 [Q2] → 237 (+26) [Q3]
0.13% more ownership
Funds ownership: 37.16% [Q2] → 37.29% (+0.13%) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 4 [Q2] → 4 (+0) [Q3]
4% less call options, than puts
Call options by funds: $28.1M | Put options by funds: $29.1M
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
4 analyst ratings
Craig-Hallum Richard Shannon 64% 1-year accuracy 25 / 39 met price target | 13%downside $22 | Buy Maintained | 7 Nov 2024 |
Benchmark David Williams 43% 1-year accuracy 20 / 46 met price target | 13%downside $22 | Buy Maintained | 7 Nov 2024 |
Needham Quinn Bolton 42% 1-year accuracy 53 / 127 met price target | 29%downside $18 | Buy Maintained | 7 Nov 2024 |
Needham Quinn Bolton 42% 1-year accuracy 53 / 127 met price target | 48%downside $13 | Buy Reiterated | 2 Oct 2024 |
Financial journalist opinion
Based on 35 articles about IONQ published over the past 30 days
