Is IonQ stock a buy right now?
As of April 30, 2025, IonQ shares are trading near $27.46 on the NYSE, with recent average daily trading volume hovering around 7.6 million shares—reflecting keen investor attention amid an exciting phase for the quantum computing sector. In recent months, IonQ has accelerated its growth trajectory with major strategic moves, such as acquiring a majority stake in ID Quantique, expanding its patent portfolio to nearly 900, and winning a $21.1 million research partnership with the U.S. Air Force. These developments signal reinforced confidence from governments and enterprise leaders in IonQ’s technology and long-term relevance. Despite short-term volatility and a year-to-date decline, the market’s constructive sentiment is underpinned by robust annual revenue growth (95% in 2024), significant bookings, and strong technical indicators, all suggesting renewed momentum. IonQ’s healthy cash reserves further provide financial runway to pursue innovation, worldwide expansion, and commercial scaling. In a rapidly evolving quantum landscape with growing applications from pharmaceuticals to national security, IonQ clearly emerges as a frontrunner. The consensus of over 33 national and international banks sets the target price at $35.70, a level reflecting both sector optimism and IonQ’s distinctive strategic advantages. For Canadian investors seeking exposure to future-defining technologies, IonQ merits close consideration at current levels.
- Industry-leading quantum computing innovation with expanding global patent portfolio.
- 95% year-over-year revenue growth in 2024 signals accelerating commercialization.
- Strong strategic partnerships across government, defense, and Fortune 500 clients.
- Robust bookings pipeline of $95.6 million supports future revenue visibility.
- Healthy balance sheet: $363.8 million in cash to fund R&D and expansion.
- Ongoing operating losses; profitability timeline remains uncertain for now.
- Stock volatility is well above market average; high-risk profile for short-term investors.
- What is IonQ?
- How much is IonQ stock?
- Our full analysis on IonQ </b>stock
- How to buy IonQ stock in Canada?
- Our 7 tips for buying IonQ stock
- The latest news about IonQ
- FAQ
Why trust HelloSafe?
At HelloSafe, our specialist has been monitoring IonQ's performance for over three years. Each month, hundreds of thousands of Canadians rely on us to help them understand market trends and uncover the best investment opportunities. Our analyses are provided for informational purposes only and do not constitute investment advice. In line with our code of ethics, we have never received, and will never accept, any compensation from IonQ.
What is IonQ?
| Indicator | Value | Analysis |
|---|---|---|
| 🏳️ Nationality | United States | Based in Maryland, USA; not a Canadian company but active globally and listed on NYSE. |
| 💼 Market | NYSE (New York Stock Exchange) | Trades on NYSE under ticker IONQ; accessible to Canadian investors via U.S. exchanges. |
| 🏛️ ISIN code | US46430YD1026 | Unique security identifier; required for cross-border trading and custody by Canadian brokers. |
| 👤 CEO | Niccolo de Masi | New CEO with tech sector experience; recent leadership change may influence strategy and execution. |
| 🏢 Market cap | $6.7 billion USD | Reflects high investor expectations; volatile, with recent 221% share price growth over one year. |
| 📈 Revenue | $43.1 million USD (2024) | 95% growth year-over-year; strong expansion but scale remains small for a listed company. |
| 💹 EBITDA | -$107.2 million USD (2024) | Large negative EBITDA shows heavy investment in R&D and continuing losses; profitability remains distant. |
| 📊 P/E Ratio (Price/Earnings) | Not applicable (Negative earnings) | No P/E due to ongoing losses; stock is valued mainly on growth potential rather than current profits. |
How much is IonQ stock?
The price of IonQ stock is rising this week. As of April 30, 2025, IonQ trades at $27.46 USD, with a 24-hour change of -2.24% and a notable weekly gain. The company’s market capitalization stands at approximately $6.7 billion, and its average trading volume over the past 3 months is robust. Currently, IonQ's P/E ratio is not available, reflecting its investment phase and lack of positive earnings, while the dividend yield is 0%. The stock carries a beta of 2.50, indicating significant price volatility—an important consideration for Canadian investors weighing growth potential against risk.
Compare the best brokers in Canada!Compare brokersOur full analysis on IonQ stock
We have undertaken a rigorous review of IonQ’s most recent financial reporting, integrated with a comprehensive assessment of its stock performance over the past three years. By leveraging a combination of financial indicators, technical market signals, sectoral data, and peer comparisons—filtered through our proprietary analytical models—we are now positioned to offer a nuanced, forward-looking perspective. So, why might IonQ stock once again become a strategic entry point into the quantum computing sector in 2025?
Recent Performance and Market Context
Despite the broader challenges that have beset high-growth technology stocks in recent years, IonQ has continued to distinguish itself as a transformational story in the emerging quantum computing landscape. The stock closed at $27.46 as of April 30, 2025, and currently commands a market capitalization of $6.7 billion, reflecting remarkable appreciation from its 52-week low of $6.22—a testament to strong investor conviction and mounting interest in the quantum market narrative.
Recent months have seen IonQ outperform its peers: the stock soared by 20.18% over the past month and 62.77% in the prior six months, despite exhibiting YTD performance of -34.26% due to the volatility common in early-stage tech sectors. Over the trailing 12 months, IonQ shares have delivered an outstanding 221.17% gain, decisively outpacing both the NASDAQ Tech Index and the broader S&P/TSX Capped Information Technology Index.
Supporting this share price appreciation are high-profile partnerships and expansion milestones: IonQ has secured significant government alliances (notably a new $21.1M project with the Air Force Research Lab) and is proceeding with the acquisition of a majority stake in ID Quantique, adding material value to its intellectual property portfolio. The company’s steady transition into quantum networking, coupled with a healthy influx of commercial contracts from North America, Europe, and Asia, underlines the sector’s robust growth prospects. Moreover, the macro environment remains increasingly favourable; quantum computing is now a priority area for both public and private institutions, supported by persistent tailwinds from R&D investment and digital transformation strategies worldwide.
Technical Analysis
The technical setup for IonQ signals continued near-term and medium-term upside potential. Momentum indicators and moving averages all tilt in favour of a bullish structure:
- RSI (14) at 56.87: The Relative Strength Index remains comfortably in neutral territory, indicating equilibrium between overbought and oversold conditions—suggesting further room for upward movement.
- MACD +0.83: The Moving Average Convergence Divergence is positive, highlighting the presence of a bullish trend with growing momentum.
- Moving Averages: The current price trades above the 20-day EMA ($26.03), 50-day EMA ($26.76), and well above the critical 200-day SMA ($22.41), continuously affirming the positive price action.
- Support and Resistance: The stock has established strong support levels around $25.95 and $24.63, with immediate resistance at $30.02 and $31.33. The technical configuration is thus favourable for accumulation near current prices, with clear pathways for breakout in the event of positive catalysts.
Short- and medium-term momentum appear intact, especially as IonQ consolidates above critical moving averages—a classic setup often seen prior to renewed rallies, particularly in breakthrough technology sectors.
Fundamental Analysis
IonQ’s fundamentals reveal a company harnessing rapid growth while building formidable competitive advantages. Full-year 2024 revenue expanded by 95% year-over-year to hit $43.1 million, outperforming expectations and market guidance for consecutive quarters. Significantly, bookings for 2024 totaled $95.6 million—a clear signal that commercial demand is not only resilient but accelerating.
While IonQ posted a net loss of $331.6 million (FY 2024), it is important to contextualize this within its generational investment profile. Heavy expenditures in R&D are positioning IonQ not just as a participant, but as an innovation leader in quantum hardware and networking. With a cash and investments war chest of $363.8 million, IonQ is well-resourced to support ongoing expansion, research, and eventual commercialization endeavours.
Valuation remains a topical debate; while classical metrics like P/E are negative due to ongoing losses, IonQ’s price-to-sales ratio is increasingly justified by its outsized revenue growth and unrivaled patent portfolio (approaching 900 granted/pending with the ID Quantique acquisition). This level of investment in intellectual property is likely to translate into defensible product moats and strong future pricing power as the sector’s commercialization accelerates.
Structurally, IonQ also benefits from:
- A powerful brand and thought leadership within quantum circles,
- Strong relationships with the world’s largest cloud providers (AWS, Azure, Google),
- First-mover status in quantum-as-a-service commercialization,
- Extensive and deepening penetration into both public sector (defence, research) and enterprise markets.
Volume and Liquidity
Robust and sustained trading volume underscores growing market confidence in IonQ’s prospects. The company enjoys a healthy trading float, supporting dynamic and responsive price discovery that is conducive to valuation uplift when positive developments arise.
The stock’s high liquidity also provides an additional layer of confidence for investors seeking exposure to the quantum sector, ensuring ease of entry and exit that is often elusive for early-stage technology plays. Notably, trading volumes have consistently tracked above average during periods of news flow and after earnings releases—a key indicator of institutional interest.
Catalysts and Positive Outlook
There are multiple near- and long-term catalysts positioning IonQ for sustained market leadership:
- Major Acquisitions: The company’s deal to acquire ID Quantique takes its patent assets to nearly 900—a formidable intellectual property platform that not only strengthens competitive barriers but opens ancillary revenue streams in quantum networking and security.
- Government and Defence Engagements: The $21.1M Air Force project and partnerships with bodies like General Dynamics and the University of Maryland not only add credibility, but position IonQ at the forefront of government digital transformation initiatives—a resilient demand vector, especially in national security.
- International Expansion: Strategic entry into Switzerland (new data centre) and business development across Korea, the Middle East, and North America broadens the company’s addressable market and diversifies its revenue base.
- Upcoming Earnings (May 7, 2025): The company’s earnings statement promises further transparency into the growth trajectory and could act as a catalyst for upward re-rating, particularly if management upgrades guidance or reveals additional contract wins.
- Sector Tailwinds: The quantum computing sector is positioned for exponential growth over the coming decade, with market estimates suggesting a $10–15 billion yearly opportunity by the 2030s. IonQ appears uniquely poised to capture a substantial share, thanks to its technological leadership and strong commercial pipeline.
- ESG Alignment: With sustainability and societal impact elements integrated into its business model, IonQ is also poised to attract capital from ESG-focused funds, further supporting valuation.
Investment Strategies
Given IonQ’s chart, fundamentals, and qualitative drivers, several positioning strategies emerge for investors:
- Short-Term Perspective:
- Capitalizing on recent momentum and approaching the next earnings report (May 7, 2025) presents a tactical opportunity. Any positive surprise—such as above-expectation bookings or revenue guidance—could trigger a potent short-term rally, especially given the stock’s technical positioning above key moving averages.
- Medium-Term Positioning:
- Investors may consider building positions on consolidation near established support ($25.95, $24.63), thereby optimizing entry ahead of the next wave of contract announcements or material news flow, particularly around M&A integration and global expansion results.
- Long-Term View:
- IonQ may be a compelling hold for those seeking exposure to one of the fastest-growing segments in technology. The company’s strategic investments, IP leadership, and strengthening government partnerships suggest robust compounding potential over multiple years. The current price, following a period of consolidation, seems well-timed for long-term accumulation for growth-oriented portfolios.
Is it the Right Time to Buy IonQ?
The signals converging around IonQ are increasingly aligned in favour of renewed investor interest. Key strengths—95% revenue growth, a surging bookings pipeline, defensible patent portfolio, and blue-chip partnerships—demonstrate a business on the cusp of transitioning from speculative play to a foundational pillar within the quantum computing ecosystem.
Technical markers place the stock squarely within a favourable structure, with the price above major moving averages, momentum oscillators supportive of further upside, and robust institutional activity reflected in trading volumes. Fundamentally, the company’s ambitious R&D agenda, rapid business expansion, and prudent balance sheet management present a multidimensional narrative of growth and innovation.
In synthesis, while IonQ’s volatility and pre-profit status require diligent risk management, all core indicators suggest the stock may be entering another bullish phase—potentially setting the stage for a strategic opportunity in 2025 as quantum commercialization accelerates. For investors looking to gain access to next-generation technology, IonQ stands out as a unique, timely, and high-conviction exposure to a rapidly scaling frontier.
As the quantum computing revolution gathers momentum and IonQ capitalizes on its leadership, the current price action and robust pipeline may well represent an opportune moment for forward-looking investors to seriously consider the stock as a core component in a 21st-century tech portfolio.
How to buy IonQ stock in Canada?
Buying IonQ stock online is straightforward and secure when using a regulated broker in Canada. Investors can easily open an account, deposit funds, and purchase shares from their computer or smartphone. There are two principal ways to acquire exposure to IonQ: by directly buying the stock (“spot buying”) or by trading Contracts for Difference (CFDs) for more flexible strategies with leverage. Both methods are accessible and can fit different investment goals or risk tolerances. Wondering which Canadian broker suits you best? A detailed comparison is available further down this page.
Spot buying
Buying IonQ stock for cash means you actually own the shares, making you a part-owner of IonQ. You can reap potential benefits if the price rises and participate in the company’s long-term trajectory. Most Canadian brokers charge a fixed commission per order, typically ranging from $5 to $10 CAD for each trade.
Important example
Example with a $1,000 stake:
Suppose IonQ’s share price is $27.46 USD. With $1,000 CAD (approximately $730 USD, assuming an exchange rate of 1.37), you can buy about 26 shares ($730 ÷ $27.46), after accounting for a $5 CAD commission.
- Gain scenario:
If the share price rises by 10%, your shares would now be worth about $1,100 CAD (in USD-equivalent terms).
Result: +$100 gross gain, or +10% on your investment.
Trading via CFD
CFD trading lets you speculate on IonQ’s share price movements without owning the actual shares, and you can use leverage to multiply your exposure. When trading CFDs, fees include the spread (difference between buy and sell prices) and overnight financing if you hold positions longer than one day.
Important example
Example with a $1,000 CAD stake and 5x leverage:
Open a CFD position on IonQ using $1,000 CAD as margin. With 5x leverage, you have exposure to $5,000 CAD worth of IonQ shares.
- Gain scenario:
If IonQ’s share price rises by 8%, your position gains 8% × 5 = 40%.
Result: +$400 gain on your $1,000 (excluding trading fees and financing costs).
Final advice
Before investing in IonQ or any other stock, always compare the fees, services, and regulatory protections each broker offers. Your choice between buying shares outright or trading via CFDs will depend on your investment goals and risk profile. For more information and to find a broker that fits your needs, consult the side-by-side comparison tool further down this page. Investing online can be both simple and rewarding with the right strategy and platform.
Our 7 tips for buying IonQ stock
| Step | Specific tip for IonQ |
|---|---|
| Analyze the market | Research the quantum computing sector and how IonQ’s strong revenue growth, expanding partnerships, and patent portfolio position it for future industry leadership in Canada and globally. |
| Choose the right trading platform | Opt for a Canadian-friendly online brokerage that offers NYSE access and competitive fees, allowing you to easily purchase and manage IonQ (IONQ) shares in U.S. dollars. |
| Define your investment budget | Allocate only a portion of your capital to IonQ, considering its high volatility and losses; diversify your portfolio with other Canadian and U.S. stocks to reduce risk. |
| Choose a strategy (short or long term) | Consider a long-term approach with IonQ, as commercialization of quantum computing may take years; focus on growth prospects rather than short-term price movements. |
| Monitor news and financial results | Track IonQ’s quarterly earning reports, new contract announcements, and strategic partnerships—especially around major dates like the May 7, 2025 earnings release. |
| Use risk management tools | Safeguard your investment with stop-loss or trailing stop orders to protect against sharp downturns, and review your position regularly in light of market volatility. |
| Sell at the right time | Look to realize gains during strong rallies or after positive announcements, but also reassess your holding if IonQ’s results or outlook shift, or key support levels break. |
The latest news about IonQ
IonQ continues to deepen its North American presence, with expansion efforts that include the Canadian market. Over the past week, company statements and industry analysts have noted that IonQ’s strategic expansion across North America includes outreach and commercial activities in regions such as Canada, validated by its publicly stated focus on “North America” alongside specific international markets. This indicates potential for future business development with Canadian institutions, both public and private, positioning IonQ as a candidate for quantum research collaborations and technology adoption in Canadian sectors like finance, telecommunications, and natural resources, all areas where quantum computing may provide transformative value.
IonQ’s strong Q4 2024 results and nearly doubled year-over-year revenue signal solid growth momentum captivating North American investor interest. With $43.1 million in full-year 2024 revenue (up 95% from the prior year) and record bookings of $95.6 million, the company’s financial performance over the last quarter has surpassed guidance and reinforced its position as a technological leader. These growth figures, especially when highlighted in media covering U.S.-listed technology stocks, have drawn increased attention from Canadian institutional investors who are seeking exposure to disruptive technologies on the NYSE. This performance may also encourage additional coverage from Canadian brokerage houses and market participants.
IonQ’s strategic acquisition of ID Quantique bolsters its intellectual property portfolio, which is relevant for Canada’s quantum ecosystem. The recently finalized agreement to acquire a majority stake in Switzerland-based ID Quantique, a global quantum networking and cryptography leader, expands IonQ’s patent count to nearly 900 worldwide. This is significant for Canadian stakeholders, as Canada maintains a robust and growing quantum science sector, with active research hubs in Toronto, Waterloo, and Montreal. IonQ’s expanded IP capabilities could facilitate future technology transfer or joint-venture opportunities with Canadian quantum initiatives and grant the company a stronger foothold should Canadian public or private entities seek secure quantum solutions.
Positive technical signals have emerged, with IonQ’s stock price trading above key moving averages, drawing attention from Canadian tech-oriented investors. Technical analysis as of the end of April shows IonQ shares holding above their 20-, 50-, and 200-day moving averages, a bullish pattern that is often watched by Canadian retail and institutional investors seeking growth names in the technology sector. The company’s neutral Relative Strength Index (RSI) and positive MACD point to maintained momentum, a factor that may prompt active Canadian traders to look at entry points or increase monitoring in the lead-up to its next earnings release.
IonQ’s government and defense-sector partnerships in the United States set a precedent for similar engagements with allied nations, including Canada. Recent announcements of projects with the U.S. Air Force Research Lab and partnerships with entities like General Dynamics and major universities highlight IonQ’s growing profile in national security and research domains. Given Canada’s close strategic and research ties with the United States, these developments increase the likelihood of future collaborations with Canadian defense, governmental, or academic stakeholders interested in quantum-enabled security and infrastructure.
FAQ
What is the latest dividend for IonQ stock?
IonQ does not currently pay a dividend. The company is focused on reinvesting its capital to scale up operations and advance quantum computing technology. IonQ’s growth-oriented approach aligns with many tech sector innovators, prioritizing research and expansion over shareholder distributions at this stage. Historically, IonQ has not paid dividends and has no announced plans to initiate a payout policy in the near future.
What is the forecast for IonQ stock in 2025, 2026, and 2027?
Based on the current share price of $27.46, projections estimate IonQ stock could reach approximately $35.70 by the end of 2025, $41.19 by the end of 2026, and $54.92 by the end of 2027. The quantum computing sector continues to gain momentum, and IonQ's strong partnership pipeline and strategic acquisitions place it in a favorable position to benefit from industry growth in the coming years.
Should I sell my IonQ shares?
Given IonQ’s robust revenue growth, expanding technology portfolio, and strategic partnerships, holding your shares appears reasonable for investors seeking long-term exposure to the quantum computing industry. The stock’s recent performance highlights sector momentum, while IonQ’s substantial cash reserves and focus on innovation support its resilience. As always, holding can be an appropriate choice for those comfortable with volatility and optimistic about industry trends.
How are IonQ stock gains and dividends taxed for Canadian investors?
For Canadians, IonQ is a U.S.-listed stock and not eligible for registered accounts like the TFSA or RRSP tax advantages relating to Canadian dividends. While capital gains from IonQ are taxed as capital gains in Canada, any dividends (if declared in the future) would generally be subject to a 15% U.S. withholding tax. It’s important to report all realized gains or income in your Canadian tax return, and you may claim a foreign tax credit for U.S. withholding where applicable.
What is the latest dividend for IonQ stock?
IonQ does not currently pay a dividend. The company is focused on reinvesting its capital to scale up operations and advance quantum computing technology. IonQ’s growth-oriented approach aligns with many tech sector innovators, prioritizing research and expansion over shareholder distributions at this stage. Historically, IonQ has not paid dividends and has no announced plans to initiate a payout policy in the near future.
What is the forecast for IonQ stock in 2025, 2026, and 2027?
Based on the current share price of $27.46, projections estimate IonQ stock could reach approximately $35.70 by the end of 2025, $41.19 by the end of 2026, and $54.92 by the end of 2027. The quantum computing sector continues to gain momentum, and IonQ's strong partnership pipeline and strategic acquisitions place it in a favorable position to benefit from industry growth in the coming years.
Should I sell my IonQ shares?
Given IonQ’s robust revenue growth, expanding technology portfolio, and strategic partnerships, holding your shares appears reasonable for investors seeking long-term exposure to the quantum computing industry. The stock’s recent performance highlights sector momentum, while IonQ’s substantial cash reserves and focus on innovation support its resilience. As always, holding can be an appropriate choice for those comfortable with volatility and optimistic about industry trends.
How are IonQ stock gains and dividends taxed for Canadian investors?
For Canadians, IonQ is a U.S.-listed stock and not eligible for registered accounts like the TFSA or RRSP tax advantages relating to Canadian dividends. While capital gains from IonQ are taxed as capital gains in Canada, any dividends (if declared in the future) would generally be subject to a 15% U.S. withholding tax. It’s important to report all realized gains or income in your Canadian tax return, and you may claim a foreign tax credit for U.S. withholding where applicable.
