IONQ
IONQ (NYSE: IONQ) surged about 20% on Tuesday after announcing a DARPA contract for a high-speed...
Article Summary
HOLD- IONQ (NYSE: IONQ) surged about 20% on Tuesday after announcing a DARPA contract for a high-speed interconnect program focused on linking different types of quantum systems.
- IonQ will work under DARPA's Heterogeneous Architectures for Quantum program, which aims to integrate trapped ions, neutral atoms, and superconducting qubits into a single high-performance framework.
- IonQ expects advances in photonic integration to support reliable communication across these different qubit species.
- The HARQ program may have applications for both national security and broader commercial use, with IonQ noting that the effort aims to network distinct qubit technologies including trapped ions and neutral atoms into one unified framework.
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Growth Stock Scoring Breakdown
| METRIC | VALUE | WEIGHT | ANALYSIS |
|---|---|---|---|
| Sales Growth TTM ? | 201.9% | 25% | 100.0 ptsExceptional (201.9%) - Hypergrowth |
| EPS Growth Next 5Y ? | 5.3% | 25% | 20.0 ptsWeak (5.3%) - Low expectations |
| Target Price Upside ? | 93.0% | 20% | 100.0 ptsMassive Upside (93.0%) - Target: $65.42 vs Current: $33.90 |
| Gross Margin % ? | -22.7% | 15% | 10.0 ptsRazor-Thin (-22.7%) - Weak pricing power |
| Drawdown from 52-Wk High ? | -59.9% | 15% | 100.0 ptsDeep Discount (-59.9%) - Best entry opportunity |
Disclaimer: This rating is for informational purposes only and is not financial advice.
All data sourced from Finviz.
Always conduct your own research and consult with a financial advisor before making investment decisions.
Past performance does not guarantee future results.
About IONQ
- IonQ, Inc. develops quantum computing systems in the United States, Switzerland, and Internationally.
- It sells access to quantum computers of various qubit capacities.
- The company also makes access to its quantum computers through cloud platforms, such as Amazon Web Services (AWS), Braket, Microsoft's Azure Quantum, and Google's Cloud Marketplace, as well as through its cloud service.
- The company engages in quantum-safe communications and quantum detection systems.
- It provides contracts associated with the design, development, construction, and sale of specialized quantum computing hardware systems; maintenance and support services; and consulting services related to co-developing algorithms on quantum computing systems.
- The company has a collaboration agreement with University of Chicago.
- The company was founded in 2015 and is headquartered in College Park, Maryland.