IonQ and Rigetti Computing are two popular pure-play quantum computing stocks.
IONQ IonQ, Inc.
XNYS
31.26
Delayed
Stock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership. Iron condor setups Expected move IV rank history Fibonacci levels Insider trading
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
IONQ
$31.26
—
Key stats
$31.26
After hours
$31.88
+1.99%
- 52-Week Range
- $25.89 – $73.65
- YTD
- -33.16%
- IV Rank (30D)
- 23.48
- Straddle Price
- $5.70
- P/C Vol Ratio
- 0.63
- Market Cap
- $12.5B
- Open
- $30.28
- Day Range
- $30.19 – $32.17
- Volume
- 20,599,747
- Prev Close
- $30.78
Fair Value
MODEL: NEUTRAL
A blended fair-value estimate combining up to six valuation methods. Each method is weighted by how well it fits the company — DCF down-weights for unprofitable names; DDM only fires for steady dividend payers; comparables down-weight when peer multiples disagree.
- DCF (quality-aware) — projects free cash flow with a horizon that scales to business quality. True compounders (quality 6/6) get 10 years explicit + 10 years fade before terminal; cyclical/struggling names (quality 0-1) get a 5-year terminal cliff. Quality is scored from ROE, gross margin, growth, FCF margin, debt load, and FCF consistency — the same factors that drive market premium for compounders.
- Market-Implied Growth (in Model Inputs) — reverse-DCF that answers "what growth rate is the market pricing in?". Lets you sanity-check the deviation: if implied growth is plausible for the business, the model's bearish flag may be wrong; if implausible, the market may be over-extrapolating.
- DDM (Gordon Growth Dividend Model) — values the stream of future dividends. Only used when trailing yield ≥ 2% and dividend payments are stable — below that the dividend is a token payout and Gordon (which values only the dividend stream) systematically underprices growth names, so those route to DCF + comparables + market anchor instead.
- P/E, EV/EBITDA, P/B, P/S — applies the peer-group median multiple to this company's per-share metric. Peers come from the same set as the "Related symbols" card. Earnings/sales metrics are forward-tilted by the company's recent revenue growth (capped at 25%) so they're comparable to peers' growth-embedded multiples — mimics how analysts use NTM rather than TTM. Per-multiple weights are biased by company quality (e.g. P/B down-weighted for asset-light tech).
- Market Anchor (SMA50) — the 50-day moving average, weighted by recent trading-range stability (tighter Bollinger bands → higher weight). Captures information fundamentals miss (forward consensus, sentiment, supply/demand) — but only when recent trading is steady enough that the market has converged on a view. During wild breakouts or breakdowns the anchor's weight collapses.
- Options Expected (B-L 30d) — the risk-neutral expected stock price at 30-day options expiration, derived from the full implied-volatility surface via Breeden-Litzenberger (second derivative of call price wrt strike → implied PDF, then E[S_T]). Forward-looking, captures all options-implied information (smile, skew, term structure) in one number. Weighted by chain liquidity. SP500-only at present (pre-computed daily). Backtest evidence: adds modest alpha across most bucket × holding combos.
- Blended value — weighted average. Confidence reflects how many methods fired and how tight peer dispersion is.
- Deviation pill — green when blended FV ≥ 10% above current price (undervalued); red when ≥ 10% below; grey otherwise.
| 10-yr Treasury (rf) | 5.10% |
| Beta vs SPY | 2.20 |
| Cost of Equity (CAPM) | 17.18% (VRP-adj) |
| WACC | 17.31% |
| Volatility Risk Premium | +29.2pp (IV − HV30), ERP adj +50bps |
| Effective Tax Rate | 21.0% |
| Rev. Growth (YoY, DCF input) | +30.0% |
| DCF Horizon | 10 years explicit + fade |
| Forward Tilt (NTM/TTM) | ×1.10 (applied to P/E, EV/EBITDA, P/S) |
| Free Cash Flow (TTM) | $-0.5B |
| Return on Equity (TTM) | -41.5% |
| Book / Price | 31.4% — banking bias active (P/B is primary) |
| Gross Margin (TTM) | 29.3% |
| FCF Margin (TTM) | -196.3% |
| Debt / Equity | 0.00 |
| Quality Score | 2/6 — normal (10y DCF) |
| SMA 50 | $40.49 (Market Anchor value) |
| SMA 20 / Bollinger Mid | $39.98 |
| Bollinger Width / SMA20 | 121.7% (drives anchor stability) |
| Net Debt | $-1.2B |
| Market Cap | $11B |
Peers used for multiples: BTQ, GOOGL, IBM, INFQ, QBTS, QNT, QUBT, RGTI
60-Day Conviction
14%
20-Day Fair Value
≈ by Nov 18, 2026
$31.27
α +0.0%
rank 87%
conviction
1%
40-Day Fair Value
≈ by Dec 17, 2026
$30.55
α -2.3%
rank 73%
conviction
69%
60-Day Fair Value
≈ by Jan 15, 2027
$31.37
α +0.4%
rank 88%
conviction
14%
| Method | Implied Price | Weight | Detail |
|---|---|---|---|
| DCF | n/a | 0% | |
| DDM (Gordon) | n/a | 0% | |
| Peer P/E | n/a | 0% | |
| Peer EV/EBITDA | n/a | 0% | |
| Peer P/B | $50.70 | 13% | median 5.2× · 6 peers |
| Peer P/S | $90.46 | 13% | median 115.2× · 6 peers |
| Market Anchor (SMA50) | $40.49 | 42% | stability 66% (BB-width) |
| Options Expected (B-L 30d) | $30.57 | 32% | 38 strikes · skew +0.10 |
As of 2026-10-20 · updated
Related
About
- Industry (SIC)
- SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN (7373) · industry map
- Exchange
- XNYS
- Market Cap
- $12.5B
- Employees
- 1,132
- List Date
- 2021-01-04
- CIK
- 0001824920
- Next Earnings
- 2026-11-04 (After-Close)
- EPS Forecast
- ($0.50) (1 est.)
- Headquarters
- College Park, MD
- Homepage
- https://www.ionq.com
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…
Summary
—
composite
—
No summary data available for this symbol yet.
Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | -- | -34.52% | 28.32% | -15.54% | -8.38% | -14.52% | -8.93% |
| Feb | -- | 30.98% | -0.42% | 1.17% | -40.75% | -0.49% | -1.90% |
| Mar | -- | -12.00% | 33.12% | -6.29% | -4.50% | -24.80% | -2.89% |
| Apr | -- | -39.46% | -10.41% | -14.41% | 18.41% | 62.36% | 3.30% |
| May | -- | -26.84% | 96.54% | -6.86% | 47.33% | 56.00% | 33.23% |
| Jun | -- | -17.20% | 26.21% | -9.64% | 5.92% | -23.12% | -3.57% |
| Jul | -- | 23.01% | 42.59% | 19.15% | -0.57% | -30.17% | 10.80% |
| Aug | -- | 13.14% | -13.44% | -1.33% | 12.12% | 1.18% | 2.33% |
| Sep | -- | -12.44% | -15.02% | 25.57% | 43.06% | 16.09% | 11.45% |
| Oct | 63.48% | 11.98% | -34.91% | 83.97% | -1.13% | -28.94%* | 15.74% |
| Nov | 52.11% | -8.02% | 19.67% | 145.79% | -15.58% | -- | 38.79% |
| Dec | -19.52% | -30.44% | -8.96% | 30.29% | -4.78% | -- | -6.68% |
| Total | 100.13% | -75.83% | 181.17% | 401.66% | 21.42% | -27.40% | 100.19% |
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $39.51
SMA 50: $40.26
SMA 200: $42.78
Current: $31.26
EMA 12: $35.29
EMA 26: $37.85
MACD: -2.5554 | Signal: -1.2061
BEARISH
ADX (14): 25.81
TREND
+DI: 12.55
−DI: 31.31
Momentum Oscillators
RSI (14): 32.63
NEUTRAL
Stoch %K: 6.52
Stoch %D: 9.88
Williams %R: -92.00
Volume & Volatility
BB Upper: $49.94
BB Lower: $29.08
NEUTRAL
OBV: 430,673,105
Vol SMA 20: 28,356,629
Vol ROC: 25.25%
ATR: $2.72
True Range: $1.98
HV 20: 77.5%
HV 30: 73.6%
HV 60: 79.6%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-22T00:00:00 – 2026-10-20T00:00:00
AI Analysis
LLM Stock Analysis Report
IONQ
Executive Summary
Overall Assessment: BEARISH (Confidence Level: 6/10)
Key Drivers:
- High volatility, indicating a high-risk stock
- Trend indicators suggest a range-bound market with no clear direction
- Momentum oscillators are neutral, with no strong buy or sell signals
- Options activity shows bullish sentiment, but the IV rank is low, suggesting low volatility
Primary Risks:
- High volatility may lead to significant price swings
- Range-bound market may continue, limiting potential gains
2-3 Sentence Investment Thesis:
IONQ's high volatility and range-bound trend make it a high-risk stock. While options activity shows bullish sentiment, the low IV rank suggests that this enthusiasm may not translate into strong price movements. As such, investors should approach IONQ with caution and consider hedging strategies to manage potential losses.
Recent News Sentiment Impact:
The recent news headlines have been mixed, with some articles highlighting the growing interest in quantum computing stocks (positive sentiment) while others have warned about the risks associated with this high-growth sector (negative sentiment). The neutral overall sentiment may not have a significant impact on the stock's price movement at this time.
Technical Analysis
Trend Direction: Range-bound market with no clear direction
Support/Resistance Levels:
- SMA 20: $42.49
- SMA 50: $43.21
- Upper Bollinger Band: $47.67
- Lower Bollinger Band: $37.31
Momentum Signals:
- RSI (14): 50.37 (neutral)
- MACD: 0.08 / Signal: -0.04 / Histogram: 0.12 (bullish)
Volume Analysis:
- Volume SMA 20: 18947561.99
- On-Balance Volume (OBV): 609513548.74
- Volume Rate of Change: -63.89%
News & Sentiment Analysis
Recent Headlines Summary:
The recent news headlines have been mixed, with some articles highlighting the growing interest in quantum computing stocks while others have warned about the risks associated with this high-growth sector.
Sentiment Assessment:
Aggregate sentiment is neutral, reflecting the mixed tone of the recent news headlines.
Catalyst Identification:
No specific catalysts or events stand out at this time.
Market Narrative:
The market narrative remains uncertain, with no clear direction or trends emerging from the recent news headlines.
Risk & Volatility Assessment
Beta Interpretation: High risk relative to the market (beta > 1.2)
Volatility Regime: High volatility - stock moves more than the market
Options Market Signals:
- IV Rank: 6.9% (Low)
- Current IV: 82.6%
- Expected Move: $7.55 (29 DTE), 7-DTE: $4.08
- Volume Flow: 763 calls vs 387 puts
- Open Interest: 5,833 calls vs 2,610 puts
Downside Protection:
Support levels and risk management considerations are crucial given the high volatility and range-bound market.
Market Context & Positioning
Sector Performance: Neutral to slightly positive performance in the quantum computing sector
Institutional Activity: Moderate institutional interest, as reflected in options activity
Correlation Analysis: IONQ has a moderate correlation with the overall market (R-squared interpretation)
Relative Valuation: The stock is trading within its historical range, suggesting no clear value or momentum signals.
Key Levels & Action Items
Critical Price Levels:
- SMA 20: $42.49
- Upper Bollinger Band: $47.67
- Lower Bollinger Band: $37.31
Breakout/Breakdown Levels:
No specific levels stand out at this time.
Time-Sensitive Catalysts:
No specific catalysts or events stand out at this time.
Risk Management:
Stop-loss levels and position sizing considerations are crucial given the high volatility and range-bound market.
Overall, IONQ's high volatility and range-bound trend make it a high-risk stock. While options activity shows bullish sentiment, the low IV rank suggests that this enthusiasm may not translate into strong price movements. Investors should approach IONQ with caution and consider hedging strategies to manage potential losses.
Generated
News
All IONQ news →
The people who know Wall Street’s pure-play quantum computing companies best are sending all the wrong signals.
Morgan Stanley chose Quantinuum as its top quantum computing stock pick, but don't count IonQ out just yet.
IonQ has several different ways to profit from quantum computing.
IonQ is expanding its reach in the quantum computing industry.
Investors are concerned about increasing dilution as the management makes another acquisition.
The quantum computing pure play has a major product launch coming up.
IonQ is looking to control the entire quantum ecosystem.
Showing 1–10 of 50
Page 1 of 5
Earnings History
16 of 20 under expected move
Avg Expected Move
15.69%
Avg Actual Move
11.30%
| Earnings Date | Timing | Expected Move | Actual Move | Ratio | Outcome |
|---|---|---|---|---|---|
| 2021-11-15 | After-Close | 16.25% | 33.10% | 2.04x | Exceeded |
| 2022-03-28 | After-Close | 21.69% | 5.71% | 0.26x | Within |
| 2022-05-16 | After-Close | 18.93% | 17.49% | 0.92x | Within |
| 2022-08-15 | After-Close | 22.80% | 31.76% | 1.39x | Exceeded |
| 2022-11-14 | After-Close | 20.87% | 5.68% | 0.27x | Within |
| 2023-03-06 | After-Close | 15.21% | 0.20% | 0.01x | Within |
| 2023-05-11 | After-Close | 16.81% | 9.54% | 0.57x | Within |
| 2023-08-10 | After-Close | 15.15% | 10.71% | 0.71x | Within |
| 2023-11-08 | After-Close | 16.30% | 1.58% | 0.10x | Within |
| 2024-02-28 | After-Close | 16.25% | 7.99% | 0.49x | Within |
| 2024-05-08 | After-Close | 11.39% | 4.78% | 0.42x | Within |
| 2024-08-07 | After-Close | 12.21% | 4.56% | 0.37x | Within |
| 2024-11-06 | After-Close | 16.23% | 34.41% | 2.12x | Exceeded |
| 2025-02-26 | After-Close | 17.49% | 16.77% | 0.96x | Within |
| 2025-05-07 | Pre-Market | 13.38% | 0.95% | 0.07x | Within |
| 2025-08-06 | After-Close | 11.28% | 1.79% | 0.16x | Within |
| 2025-11-05 | After-Close | 10.52% | 3.65% | 0.35x | Within |
| 2026-02-25 | After-Close | 10.79% | 21.70% | 2.01x | Exceeded |
| 2026-05-06 | After-Close | 12.43% | 9.30% | 0.75x | Within |
| 2026-08-05 | Pre-Market | 17.80% | 4.29% | 0.24x | Within |
Earnings calendar: this week’s reports with expected vs actual moves →
IONQ Options Activity & IV Rank
IONQ IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 77.4%
7-DTE IV: 73.0%
Expected Move: $5.70
7-DTE Move: $3.10
Days to Exp: 31 (2026-11-20)
Options Flow
Call Volume: 7,084
Put Volume: 4,487
P/C Volume: 0.633
BULLISH
Call OI: 66,997
Put OI: 37,434
P/C OI: 0.559
Total OI: 104,431
ATM Options Pricing
ATM Call: $2.77
ATM Put: $2.92
Call %: 8.9%
Put %: 9.4%
Chain Summary
Chain Volume: 66,284
Chain OI: 715,622
Last Updated: 10/20/2026
Spread Scanner GPU
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score (GPU scanner)
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
Dealer Positioning
LOW γ vs HISTORY
Estimated net dealer gamma is at the 17th percentile of this name's own daily history, near the low end of its range. This describes current positioning; it is not a forecast or a trading signal.
Gamma percentile
17%
vs own history
GEX tilt
-0.24
OI-weighted, today
Vanna tilt
+0.26
δ-sensitivity to IV
Charm tilt
-0.37
δ-decay vs time
Charm tilt -0.37: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.
? What is this?
· 140 ATM contracts, 145k total OI
Net dealer gamma is an estimate of the aggregate gamma held by options market makers across this name's option chain, weighted by open interest. Dealer positions aren't public, so it uses a standard simplifying assumption: dealers are treated as long the calls and short the puts that are open. Actual dealer books can differ.
Gamma percentile ranks today's estimate against this name's own daily history, from 0% (the lowest reading on record) to 100% (the highest). Raw gamma scales with how much open interest a chain carries, so it isn't comparable across names; the percentile is. The badge marks the bottom 20% as low and the top 20% as high.
Tilts run from −1 to +1 and show how lopsided the estimated dealer exposure is. GEX tilt compares call gamma with put gamma. Vanna tilt describes how the hedge would shift if implied volatility changed, and charm tilt how it would shift with the passage of time.
This card describes estimated positioning and where it sits historically. It is not a forecast of price direction or volatility and not a trading signal. Market-wide view: Dealer positioning screener.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
27%
+0.2
pts
EXTREME
ATM 79.9% / Wing 80.1%
30 DTE / 10d
7%
-5.6
pts
EXTREME
ATM 78.2% / Wing 72.6%
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Enter a ticker to render the implied volatility surface.
Volatility Smile
Enter a ticker to render the implied volatility smile.
IV Rank (7 DTE)21.7LowOct 20
IV Rank (30 DTE)23.5LowOct 20
Straddle Price (30 DTE)$5.70Oct 20
Beta Analysis
Risk Metrics
Beta: 3.6190
Alpha: -76.24%
Correlation: 0.4993
R-Squared: 24.9%
Stock Volatility: 92.0%
Market Volatility: 12.7%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
High volatility - stock moves more than market
High volatility - stock moves more than market
Beta & Alpha Over Time
IONQ Institutional Ownership (13F)
Latest filings — 2026-09-30
? 13F Guide
Diluted shares outstanding: 345,135,610 (as of 2026-06-30)
Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
45 filers$1.51B notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Susquehanna International Group, LLP Custodian | $475.59M | 31.50% | 2026-06-30 |
| 2 | Jane Street Group, LLC Custodian | $294.47M | 19.50% | 2026-06-30 |
| 3 | Citadel Advisors LLC Custodian | $252.15M | 16.70% | 2026-06-30 |
| 4 | IMC-Chicago, LLC Custodian | $68.89M | 4.56% | 2026-06-30 |
| 5 | Wolverine Trading, LLC Custodian | $68.12M | 4.51% | 2025-09-30 |
| 6 | GROUP ONE TRADING LLC Custodian | $52.20M | 3.46% | 2026-06-30 |
| 7 | MASTERS CAPITAL MANAGEMENT LLC | $42.61M | 2.82% | 2026-06-30 |
| 8 | Marex Group Ltd | $42.61M | 2.82% | 2026-06-30 |
| 9 | D. E. Shaw & Co., Inc. Custodian | $36.78M | 2.44% | 2026-06-30 |
| 10 | Walleye Trading LLC | $33.64M | 2.23% | 2026-06-30 |
| 11 | Simplex Trading, LLC Custodian | $33.12M | 2.19% | 2026-06-30 |
| 12 | CAPITAL FUND MANAGEMENT S.A. | $10.81M | 0.72% | 2026-06-30 |
| 13 | NOMURA HOLDINGS INC | $8.48M | 0.56% | 2026-06-30 |
| 14 | Point72 Asset Management, L.P. | $8.43M | 0.56% | 2026-06-30 |
| 15 | Parallax Volatility Advisers, L.P. | $8.26M | 0.55% | 2026-06-30 |
| 16 | Walleye Capital LLC | $7.33M | 0.49% | 2026-06-30 |
| 17 | Cubist Systematic Strategies, LLC | $7.32M | 0.49% | 2025-09-30 |
| 18 | CANTOR FITZGERALD, L. P. | $7.19M | 0.48% | 2026-06-30 |
| 19 | PEAK6 LLC | $7.19M | 0.48% | 2026-06-30 |
| 20 | Millennium Management LLC Custodian | $6.08M | 0.40% | 2026-06-30 |
| 21 | Two Sigma Investments, LP Custodian | $5.62M | 0.37% | 2026-06-30 |
| 22 | Vontobel Holding Ltd. | $4.94M | 0.33% | 2026-09-30 |
| 23 | Barclays PLC Custodian | $4.79M | 0.32% | 2026-06-30 |
| 24 | Caption Management, LLC | $4.79M | 0.32% | 2026-06-30 |
| 25 | JPMorgan Chase & Co Custodian | $3.46M | 0.23% | 2026-06-30 |
49 filers$1.40B notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Susquehanna International Group, LLP Custodian | $362.77M | 25.86% | 2026-06-30 |
| 2 | Goldman Sachs Group Inc Custodian | $167.99M | 11.97% | 2026-06-30 |
| 3 | Jane Street Group, LLC Custodian | $132.72M | 9.46% | 2026-06-30 |
| 4 | Citadel Advisors LLC Custodian | $118.99M | 8.48% | 2026-06-30 |
| 5 | IMC-Chicago, LLC Custodian | $99.94M | 7.12% | 2026-06-30 |
| 6 | Balyasny Asset Management L.P. | $72.81M | 5.19% | 2026-06-30 |
| 7 | CANTOR FITZGERALD, L. P. | $55.92M | 3.99% | 2026-06-30 |
| 8 | Simplex Trading, LLC Custodian | $52.41M | 3.74% | 2026-06-30 |
| 9 | Wolverine Trading, LLC Custodian | $41.64M | 2.97% | 2025-09-30 |
| 10 | Parallax Volatility Advisers, L.P. | $36.75M | 2.62% | 2026-06-30 |
| 11 | GROUP ONE TRADING LLC Custodian | $32.59M | 2.32% | 2026-06-30 |
| 12 | Pentwater Capital Management LP | $28.06M | 2.00% | 2026-06-30 |
| 13 | 683 Capital Management, LLC | $25.92M | 1.85% | 2026-06-30 |
| 14 | Walleye Trading LLC | $24.35M | 1.74% | 2026-06-30 |
| 15 | NOMURA HOLDINGS INC | $15.94M | 1.14% | 2026-06-30 |
| 16 | D. E. Shaw & Co., Inc. Custodian | $12.78M | 0.91% | 2026-06-30 |
| 17 | Centiva Capital, LP | $12.78M | 0.91% | 2026-06-30 |
| 18 | Crawford Fund Management, LLC | $11.80M | 0.84% | 2026-06-30 |
| 19 | Millennium Management LLC Custodian | $11.05M | 0.79% | 2026-06-30 |
| 20 | TUDOR INVESTMENT CORP ET AL | $8.32M | 0.59% | 2026-06-30 |
| 21 | Point72 Asset Management, L.P. | $7.82M | 0.56% | 2026-06-30 |
| 22 | Two Sigma Investments, LP Custodian | $6.42M | 0.46% | 2026-06-30 |
| 23 | JPMorgan Chase & Co Custodian | $6.00M | 0.43% | 2026-06-30 |
| 24 | Aristides Capital LLC | $5.33M | 0.38% | 2026-06-30 |
| 25 | UBS Group AG Custodian | $5.33M | 0.38% | 2026-06-30 |
IONQ Insider Trading (Form 4)
Latest: 2026-09-15Form 4 filings — insider beneficial-ownership changes by officers, directors, and 10%+ holders. Filed within 2 business days of transaction.
| Filed | Reporter | Role | Action | Shares | Avg Price | Net $ | Link |
|---|---|---|---|---|---|---|---|
| 2026-09-15 | Paul T Dacier | CAO, CLO and Secretary | Tax (F) | −4,457 | $37.09 | -$165.3K | EDGAR |
| 2026-09-15 | Inder M Singh | CFO & COO | Tax (F) | −6,272 | $37.09 | -$232.6K | EDGAR |
| 2026-09-15 | Niccolo de Masi | President and CEO | Tax (F) | −16,121 | $37.09 | -$598.0K | EDGAR |
| 2026-09-11 | John w Raymond | Director | Sell (S) | −2,407 | $37.21 | -$89.6K | EDGAR |
| 2026-08-26 | Timothy E Baxter | Director | Award (A) | +5,540 | — | EDGAR | |
| 2026-08-26 | Eric R. Ball | Director | Award (A) | +5,540 | — | EDGAR |
Codes: P = open-market purchase · S = open-market sale · A = grant/award · M = option exercise · F = tax withholding at vest · G = bona-fide gift · D = disposition to issuer · J = other (described in filing footnote — typically 401(k), trust, inheritance) · W = will/inheritance. Only P / S codes carry directional signal.
IONQ Insider Holdings
6 insiders · @ $31.26
Officers, directors, and 10%+ owners who have filed a Form 4 in the past two years, ranked by current disclosed exposure (shares × today's price). Shares are direct + indirect (via trusts / LLCs / spouse). Excludes unvested RSU and option grants — those aren't beneficially owned until vest.
| # | Insider | Role | Shares | Disclosed Exposure | Lifetime OM Net | Filings | Last Filed |
|---|---|---|---|---|---|---|---|
| 1 | Niccolo de Masi | President and CEO | 1,123,426 | $35.12M | $0 | 1 | 2026-09-15 |
| 2 | Inder M Singh | CFO & COO | 408,614 | $12.77M | $0 | 1 | 2026-09-15 |
| 3 | Paul T Dacier | CAO, CLO and Secretary | 100,001 | $3.13M | $0 | 1 | 2026-09-15 |
| 4 | John w Raymond | Director | 77,741 | $2.43M | -$89.6K | 1 | 2026-09-11 |
| 5 | Timothy E Baxter | Director | 13,922 | $435.2K | $0 | 1 | 2026-08-26 |
| 6 | Eric R. Ball | Director | 8,540 | $267.0K | $0 | 1 | 2026-08-26 |
Lifetime OM Net = signed sum of open-market buys (P) and sells (S) over their career; excludes grants, tax withholdings, and dispositions to issuer. A large negative number is normal for long-tenured executives — they've sold compensation grants over many years.
IONQ Proposed Insider Sales (Form 144)
Latest: 2026-09-10
? Form 144 Guide
Last 30d:
0 filings
· Last 90d:
4 filings
· $1.4M notice value
· 4 unique filers
What is Form 144? A notice of intent to sell restricted or control stock under Rule 144. Affiliates (officers, directors, 10%+ owners) and holders of restricted shares must file Form 144 when planning to sell more than 5,000 shares or $50,000 in any 3-month rolling window.
How it relates to Form 4: Form 144 is filed before the trade (up to 90 days in advance); Form 4 is filed within 2 business days after the trade executes. Not every Form 144 results in a sale — the filer may cancel or delay. Look for the corresponding Form 4 on the Insider Activity card to confirm a sale actually happened.
10b5-1 plans: Trades made under a pre-scheduled Rule 10b5-1 plan are not discretionary — they execute automatically on dates set months earlier, regardless of news. High 10b5-1 percentages mean less per-filing signal value, though cumulative selling volume still matters.
"Notice value": Aggregate market value the filer wrote into the Form 144 — i.e. the size of the planned sale, not necessarily the executed dollars. An amended notice (Form 144/A) replaces the original it amends, and cancelled notices are dropped, so neither is double-counted above. A filed value that is clearly inconsistent with the share count at the stock's price (a filer typo) shows as a dash and is left out of the totals.
Source & freshness: Sourced from public Form 144 filings. Refreshed daily; new filings typically appear here the morning after they are filed.
Top 90-day filers:
de Masi Niccolo (1, $668K) · Singh Inder M. (1, $260K) · Cardillo Robert T. (1, $254K) · Dacier Paul T. (1, $185K)
| Filed | Filer | Role | Shares | Notice Value | Planned Sale | Broker | Plan | Link |
|---|---|---|---|---|---|---|---|---|
| 2026-09-10 | de Masi Niccolo | Officer, Director | 17,690 | $668.3K | 2026-09-11 | E-Trade Financial Corporation | — | EDGAR |
| 2026-09-10 | Singh Inder M. | Officer | 6,880 | $259.9K | 2026-09-11 | E-Trade Financial Corporation | — | EDGAR |
| 2026-09-10 | Dacier Paul T. | Officer | 4,890 | $184.7K | 2026-09-11 | E-Trade Financial Corporation | — | EDGAR |
| 2026-09-10 | Cardillo Robert T. | Executive Chair, IonQ Federal | 6,710 | $253.5K | 2026-09-11 | E-Trade Financial Corporation | — | EDGAR |
| 2026-06-18 | JOHN W RAYMOND | Director | 6,222 | $340.3K | 2026-06-18 | Morgan Stanley Smith Barney LLC … | 10b5-1 | EDGAR |
| 2026-06-18 | GABRIELLE B TOLEDANO | Director | 2,757 | $150.8K | 2026-06-18 | Morgan Stanley Smith Barney LLC … | 10b5-1 | EDGAR |
| 2026-06-18 | KATHRYN CHOU | Director | 2,757 | $150.8K | 2026-06-18 | Morgan Stanley Smith Barney LLC … | 10b5-1 | EDGAR |
| 2026-06-15 | Singh Inder M. | Officer | 2,840 | $178.4K | 2026-06-16 | E-TRADE Financial Corporation | — | EDGAR |
| 2026-06-15 | Cardillo Robert T. | Director, Executive Chair, IonQ Federal | 2,770 | $174.0K | 2026-06-16 | E-TRADE Financial Corporation | — | EDGAR |
| 2026-06-10 | Singh Inder M. | Officer | 6,880 | $432.1K | 2026-06-11 | E-TRADE Financial Corporation | — | EDGAR |
Notice value is the aggregate market value the filer states they intend to sell — not a confirmed transaction. Compare to Insider Activity (Form 4) to see which planned sales actually executed. Market-wide feed: Planned sales (Form 144).
ETF Holders
121 ETFs hold IONQ
25 shown · $1.89B total exposure · 0.06% AUM-weighted avg weight
| # | ETF | Provider | Weight | $ Exposure | ETF AUM | As Of |
|---|---|---|---|---|---|---|
| 1 | VTI Vanguard Morningstar Total Stock Market ETF | Vanguard | 0.02% | $553.6M | — | 2026-09-30 |
| 2 | VB Vanguard Morningstar Small-Cap ETF | Vanguard | 0.19% | $340.4M | — | 2026-09-30 |
| 3 | VXF Vanguard Extended Market ETF | Vanguard | 0.21% | $200.2M | — | 2026-09-30 |
| 4 | VBK Vanguard Morningstar Small-Cap Growth ETF | Vanguard | 0.43% | $187.9M | — | 2026-09-30 |
| 5 | VGT Vanguard Information Technology ETF | Vanguard | 0.07% | $132.4M | — | 2026-09-30 |
| 6 | SCHM Schwab U.S. Mid-Cap ETF | Nport | 0.47% | $69.0M | — | 2026-05-31 |
| 7 | QTUM Defiance Quantum ETF | Nport | 1.00% | $62.6M | — | 2026-06-30 |
| 8 | XSD State Street® SPDR® S&P® Semiconductor ETF | SPDR (State Street) | 2.23% | $58.9M | $2.6B | 2026-10-16 |
| 9 | IWR iShares Russell Mid-Cap ETF | iShares (BlackRock) | 0.09% | $50.4M | $56.2B | 2026-10-16 |
| 10 | SCHX Schwab U.S. Large-Cap ETF | Nport | 0.04% | $27.4M | — | 2026-05-31 |
| 11 | IWD iShares Russell 1000 Value ETF | iShares (BlackRock) | 0.03% | $26.9M | $83.6B | 2026-10-16 |
| 12 | IWS iShares Russell Mid-Cap Value ETF | iShares (BlackRock) | 0.12% | $18.3M | $15.4B | 2026-10-16 |
| 13 | AIPI REX AI Equity Premium Income ETF | Nport | 3.92% | $17.1M | — | 2026-05-31 |
| 14 | ITOT iShares Core S&P Total U.S. Stock Market ETF | iShares (BlackRock) | 0.02% | $16.6M | $96.3B | 2026-10-16 |
| 15 | FTEC Fidelity MSCI Information Technology Index ETF | Fidelity | 0.08% | $16.2M | $21.1B | 2026-10-16 |
| 16 | WQTM WisdomTree Quantum Computing Fund | Nport | 4.75% | $15.6M | — | 2026-06-30 |
| 17 | SCHB Schwab U.S. Broad Market ETF | Nport | 0.03% | $15.1M | — | 2026-05-31 |
| 18 | IYW iShares U.S. Technology ETF | iShares (BlackRock) | 0.06% | $14.8M | $24.7B | 2026-10-16 |
| 19 | VT Vanguard Total World Stock ETF | Vanguard | 0.01% | $14.7M | — | 2026-09-30 |
| 20 | SCHV Schwab U.S. Large-Cap Value ETF | Nport | 0.08% | $12.9M | — | 2026-05-31 |
| 21 | VONV Vanguard Russell 1000 Value ETF | Vanguard | 0.04% | $9.1M | — | 2026-09-30 |
| 22 | IWB iShares Russell 1000 ETF | iShares (BlackRock) | 0.02% | $8.3M | $48.8B | 2026-10-16 |
| 23 | JHMM John Hancock Multifactor Mid Cap ETF | Nport | 0.14% | $8.1M | — | 2026-06-30 |
| 24 | SMMD iShares Russell 2500 ETF | iShares (BlackRock) | 0.17% | $6.9M | $4.0B | 2026-10-16 |
| 25 | IMCG iShares Morningstar Mid-Cap Growth ETF | iShares (BlackRock) | 0.17% | $6.8M | $4.0B | 2026-10-16 |
Fundamentals
Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.
Metrics
- Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
- Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
- Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
- Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
How to read the bars
- Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
- YoY growth — compare to the same quarter a year earlier to remove seasonality.
- Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
- Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.
TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.
Trailing P/E
—
TTM Diluted EPS
$-4.42
TTM Revenue
$246.47M
TTM Net Income
$-1.38B
TTM Op. Cash Flow
$-452.37M
Quarterly figures (12 quarters)
| Quarter | Period End | Revenue | Net Income | Diluted EPS | Op. Cash Flow |
|---|---|---|---|---|---|
| Q2 '26 | 2026-06-30 | $80.05M | $-1.87B | $-5.08 | $-103.76M |
| Q1 '26 | 2026-03-31 | $64.67M | $786.63M | $2.07 | $-151.02M |
| Q4 '25 | 2025-12-31 | $61.89M | $753.67M | $3.07 | $-74.51M |
| Q3 '25 | 2025-09-30 | $39.87M | $-1.05B | $-3.58 | $-123.08M |
| Q2 '25 | 2025-06-30 | $20.69M | $-176.84M | $-0.70 | $-52.57M |
| Q1 '25 | 2025-03-31 | $7.57M | $-32.25M | $-0.14 | $-33.02M |
| Q4 '24 | 2024-12-31 | $11.71M | $-202.00M | $-0.95 | $-39.43M |
| Q3 '24 | 2024-09-30 | $12.40M | $-52.50M | $-0.24 | $-19.21M |
| Q2 '24 | 2024-06-30 | $11.38M | $-37.56M | $-0.18 | $-26.58M |
| Q1 '24 | 2024-03-31 | $7.58M | $-39.59M | $-0.19 | $-20.46M |
| Q4 '23 | 2023-12-31 | $6.11M | $-41.90M | $-0.21 | $-26.63M |
| Q3 '23 | 2023-09-30 | $6.14M | $-44.81M | $-0.22 | $-22.28M |
Q2 2026 • period ending 2026-06-30 • filed 2026-08-10
Valuation
Ratios derived from TTM financials and the current market price, sampled daily. History chart shows how expensive the stock is today relative to its own recent past.
Price Multiples
- P/E — price / TTM earnings. Rough market rule: 10–15 value, 15–25 market, >30 growth/premium. Negative when earnings are negative.
- P/B — price / book value. Useful for financials and asset-heavy names; meaningless for asset-light software.
- P/S — price / TTM revenue. Useful when earnings are negative or noisy (early-stage growth).
- EV/EBITDA — capital-structure-neutral. <10 cheap, 10–15 reasonable, >20 rich. Good for comparing across leverage profiles.
- EV/Sales — like P/S but accounts for debt + cash. Compare within sector.
Profitability & Yields
- ROE — return on equity. >15% strong, >25% exceptional. Caution: high leverage inflates ROE.
- ROA — return on assets. Leverage-neutral; >5% solid, >10% exceptional.
- Div Yield — annual dividend / price. Compare to 10Y Treasury; sustained yield >6% often signals distress.
- FCF Yield — free cash flow / market cap. >5% is attractive; negative means burning cash.
Balance Sheet
- Debt/Equity — leverage. <1 conservative, >2 aggressive. Sector-dependent (utilities naturally high, tech low).
- Current Ratio — short-term liquidity. >1.5 comfortable, <1 raises short-term solvency flags.
Reading the history chart
- Compare current level to the 3-year band: near the high end = relatively expensive; near the low = relatively cheap.
- Multiples expanding while earnings are flat = sentiment-driven rally.
- Multiples compressing while earnings grow = value coming from fundamentals.
P/E
—
P/B
3.23
P/S
43.77
EV/EBITDA
—
EV/Sales
38.76
ROE
-41.4%
ROA
-20.4%
Div Yield
0.00%
FCF Yield
-4.19%
Debt/Equity
0.00
Current Ratio
—
Market Cap
$10.79B
as of 2026-10-20
Short Interest & Float
Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.
Metric definitions
- Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
- SI % of Float — short interest / free float. The key crowding metric.
- Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
- Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
- Free Float — shares available for public trading (total shares minus insider / restricted).
- Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.
How to read the signals
- SI % of Float < 5% — typical, no particular signal.
- 5–15% — elevated; watch for catalysts (earnings, guidance, macro).
- 15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
- >30% — extreme; borrow is likely expensive and squeeze risk is material.
- Days to Cover > 5 combined with high SI% amplifies squeeze potential.
History chart
- Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
- A sudden drop in SI after a rally may indicate a squeeze in progress.
Short interest is reported mid-month and end-of-month; short volume is daily.
Short Interest
40.64M
SI % of Float
10.74%
Days to Cover
1.41
Short Vol Ratio
63.3%
Free Float
378.22M
Float %
99.3%
Short interest 2026-09-30 • Short volume 2026-10-19 • Float 2026-08-24