ionq stock price forecast: stock worth investing in 2023?

Moneymystica welcomes you to another exciting blog where you will get to know all about IonQ stock price, history, price analysis and is this tech share worth investing in.

IonQ, Inc. is a leader in quantum computing, with a proven track record of innovation and deployment. IonQ’s current generation quantum computer, IonQ Forte, is the latest in a line of cutting-edge systems, including IonQ Aria, a system that boasts industry-leading 25 algorithmic qubits. Along with record performance, IonQ has defined what it believes is the best path forward to scale.

IonQ is the only company with its quantum systems available through the cloud on Amazon Braket, Microsoft Azure, and Google Cloud, as well as through direct API access. IonQ was founded in 2015 by Christopher Monroe and Jungsang Kim based on 25 years of pioneering research

Ionq is a software company focused on developing quantum computers that can produce longer, more sophisticated calculations with a smaller number of errors for commercial and industrial applications. The Company is based in College Park, Maryland.United States.

IonQ Announces Rima Alameddine as New Chief Revenue Officer, Appoints Wendy Thomas, President, and CEO of Secureworks, to Board of Directors.

What is IonQ

 IonQ was founded in 2015 by Chris Monroe and Jungsang Kim with $2 million in seed funding from New Enterprise Associates, a license to core technology from the University of Maryland and Duke University, and the goal of taking trapped ion quantum computing out of the lab and into the market. In the following three years, we raised an additional $20 million from GV, Amazon Web Services, and NEA, and built two of the world’s most accurate quantum computers.

In 2019, ionq raised another $55 million in a round led by Samsung and Mubadala, and announced partnerships with Microsoft and Amazon Web Services to make our quantum computers available via the cloud.

In 2020 and 2021, the company built additional generations of high-performance quantum hardware, added Google Cloud Marketplace to our cloud partner roster, and announced a series of collaborations and business partnerships with leading academic and commercial institutions.

On October 1st, 2021, IonQ began trading as IONQ on the New York Stock Exchange, making it the world’s first public pure-play quantum computing company. We remain hard at work realizing the world-changing potential of quantum computing.

ionq stock image source (NYSE – Nasdaq)

IonQ Board of Directors

 Wendy Thomas, President, and CEO of Secureworks have joined the Board of Directors of ionq

Thomas brings more than 25 years of experience in leadership roles at innovative technology companies–specifically in strategic planning, finance, M&A, and software product strategy.

Thomas started her career as an economist, a role she parlayed into corporate financial leadership roles at companies including FirstData, BellSouth, and Internap Network Services, Inc. She joined Secureworks in 2008 leading Financial Planning & Analysis (FP&A), where she helped to execute strategic acquisitions that scaled the business and Secureworks’ IPO in 2016.

we will get to know in the coming years how this addition to the company shapes out but one thing is for sure an experienced person like her can do great wonders for the company as she quoted in her statement

“IonQ’s single-minded dedication is what it takes to advance the field in the right direction. This is a unique technology to fulfill the promise of quantum. I joined because of the strength of the leadership team, including [CEO] Peter Chapman, and because of the opportunity to really change the world.”

Wendy Thomas, President, and CEO of Secureworks

Key Data-ionq stock

ionq stock
ionq stock source (yahoo finance)

ionq stock price

With all ups and down there have been wavey movements in the ionq stock price. The previous close was at 3.100 whereas open at 3.1200 with the volume price data was 1,971,922 gatherings an average volume of 2,856,995. The Market cap for the ionq stock is 624.232 million with the EPS (-0.6570) having a year target of EST (9.40)

ionq stock forecast

image 5
ionq stock forecast: img credits (CNN)

The best 4 analysts after analyzing the ionq stock forecast, offering year price forecast for IONQ Inc have an approx target of $9.00, with a high estimate of $12.00 and a low estimate of $5.99. The median estimate represents a +192.68% increase from the last price of $3.08.

ionq stock forecast 2025

The ionq stock forecast 2025 according to Money Mystica estimate IonQ, stock execution utilizing brain networks in light of authentic information on IonQ, stocks. Likewise, while gauging, specialized investigation apparatuses are utilized, and world international and news factors are considered. The IonQ, stock expectation results are displayed underneath and introduced as a diagram, table, and text data.

buy or sell

Due to a consensus rating of Buy. The company’s average rating score is 2.67 and is based on 2 buy ratings, 1 hold rating, and no sell ratings.

Why Choose IonQ

  • Economy-Spanning Opportunity– Quantum computing is expected to change all industries, from farming to banking to logistics. Quantum computing has vast potential, with experts predicting a total addressable market of ~$65 billion by 2030
  • Industry-Leading Platforms and Partnerships – Quantum solutions using IonQ systems will be delivered directly and through strategic partnerships. ionq systems are currently the only quantum hardware available on all of the leading cloud platforms, making the power of quantum accessible to all developers across industries and sectors.
  • Large and Growing Technological Advantage – ionq believes that its technology offers substantial advantages compared to other competing quantum computing systems and that its technology is protected by a robust intellectual property portfolio. IonQ holds a wide array of patents for fundamental technologies core to quantum computing and holds exclusive licenses to patents issued to the co-founders’ academic labs.
  • Rapid Development – Since its inception in 2015, IonQ has produced six generations of quantum computers. ionq believes systems have a clear path to scalability and expect to demonstrate modular quantum computers small enough to be networked together in a data center in just a few years.

World-Class Leadership Team

The executive leadership team of ionQ
The executive leadership team of ionQ

The executive leadership team of ionQ has deep expertise in quantum technology and includes two of the pioneers of quantum engineering and complex optics. Our commercial team is led by executives with decades of experience scaling and commercializing new technologies.

    IonQ Third Quarter 2022 Earnings

    • Third Quarter Results of $2.8M in Revenue and $16.4M in Bookings, On Track for 2022 Targets
    • Signs Groundbreaking $13.4M Contract with the U.S. Air Force Research Lab
    • Achieves 2022 Technical Milestone of 25 Algorithmic Qubits, Increases Power of IonQ Aria by 4x
    • Net loss was $24.0 million and Adjusted EBITDA was ($13.4) million.* Excluded from Adjusted EBITDA is, among other adjustments, a non-cash loss of $1.2 million related to the change in the fair value of IonQ’s warrant liabilities.

    ionQ 2022 Financial Outlook

    1. For the fourth quarter of 2022, IonQ is expecting revenue of between $2.9 and $3.4 million.
    2. For the full year 2022, IonQ is reiterating the previously stated revenue outlook range of $10.2 million to $10.7 million.
    3. IonQ is maintaining its previously stated bookings range of $23 million to $27 million for the full year 2022.
    4. IonQ notes that United States government investment in quantum information science R&D nearly doubled from 2019 to 2022, going from a reported $449 million to a requested $877 million.
    5. In September, the United States Air Force Research Lab (AFRL) announced a multi-part, $13.4 million contract with IonQ. IonQ will supply cloud access to compute on its cutting-edge trapped ion systems and certain hardware components to further research in quantum networking.
    6. IonQ announced a project with the Oak Ridge National Laboratory, part of the U.S. Department of Energy, to research benchmark circuits for the discovery of new quantum chemistry applications.
    7. IonQ announced a new partnership with Dell Technologies to offer joint customers a world-class hybrid computing solution, allowing for the seamless transitioning of workloads between the world’s leading quantum and classical computing hardware systems.


    Who is the CEO of IonQ?

    Peter Chapman is the President and CEO of IonQ and a Member of the Board. Prior to joining IonQ, Mr. Chapman was Director of Engineering for Amazon Prime, where he led the team responsible for Prime’s 2-Day delivery.

    why is the ionq stock dropping?

    Due to a consensus rating of Buy. The company’s average rating score is 2.67 and is based on 2 buy ratings, 1 hold rating, and no sell ratings.

    how to buy ionq stock?

    Sign up for a brokerage account to buy or sell IonQ stock and options commission-free.

    what is ionq stock?

    In 2019, ionq raised another $55 million in a round led by Samsung and Mubadala, and announced partnerships with Microsoft and Amazon Web Services to make our quantum computers available via the cloud.

    who owns ionq?

    (NYSE: IONQ) is owned by 45.76% institutional shareholders, 72.84% Ionq insiders, and 0.00% retail investors

    How useful was this post?

    Click on a star to rate it!

    Average rating / 5. Vote count:

    No votes so far! Be the first to rate this post.

    As you found this post useful...

    Follow us on social media!

    Leave a Comment