"Depending on the circumstances, investing in quantum computer developer IonQ ( NYSE:IONQ) can be thrilling or gut-wrenching. One thing's for sure: you won't get bored with the price action of IonQ stock. Not long ago, IONQ stock was in rally mode and it felt like there was more explosive growth ahead. Now, however, the IonQ share price has practically been cut in half and sentiment is in the gutter."
"The party was in full effect for IONQ stockholders in October, when the share price hit a peak of $84.64. Those were fun times, but they weren't destined to last long."
"Before the end of 2025, IonQ pulled back to around $40; more recently, it hovered near $45. It's a painful hangover, no doubt, for anyone who bought shares near the top. Maybe this was a necessary price correction since IONQ stock had more than doubled in less than a year. So, is the stock now a prime bargain in its hangover phase?"
IonQ (IONQ) experienced a rapid rally that peaked at $84.64 before the share price retreated to roughly $40–$45, erasing about half of its value. The sharp pullback followed a period when the stock more than doubled in less than a year. The correction left sentiment weak while potentially creating an entry point for long-term investors targeting quantum computing exposure. Traditional valuation metrics are limited because IonQ lacks positive earnings and therefore no P/E ratio. Early-stage quantum computing businesses may remain unprofitable for years, requiring investors to assess recent financials and long-term commercialization prospects before buying.
Read at 24/7 Wall St.
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