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# IonQ: This Quantum Computing Stock Has Stronger Fundamentals But Is Priced Dearly (Archive)
- URL: https://www.huntingalphas.com/ionq-this-quantum-computing-stock-has-stronger-fundamentals-but-is-priced-dearly-archive/
- Published: 2024-12-26T11:46:00.000Z
- Updated: 2026-02-28T08:01:16.000Z
- Description: IonQ’s commercial-first strategy delivers rapid growth but leaves shares trading at demanding valuations.
- Author: Vish (Hunting Alphas)
- Tags: 5-Minute Pitches, #noindex, Archive, #sa-origin, Tech, IONQ

*This 5-Minute Pitch was originally published on Seeking Alpha before the launch of the Hunting Alphas website. It is shared here to showcase my previous work and track record. New 5-Minute Pitches published on this site will not be disseminated anywhere else.*

## Elevator Pitch

- IonQ has various competitive advantages that reduce risks for investors; a commercial-first philosophy, a marquee customer list and broad ecosystem support; fast progress in meeting R&D milestones.
- Revenue growth is healthy, growing at 100% YoY. Deal wins are even stronger as it is winning more than $50 million deals already.
- Valuations are at an 88% premium to historical median levels on a 1-yr fwd P/Revenues basis and at a discount vs other quantum computing stocks, that are arguably overvalued.
- IONQ vs SPX500 technicals are bullish but is at a potential resistance level, increasing the chances of a correction.
- Weak revenue guidance for Q4 FY24 was surprising. It is a risk monitorable that may indicate softer bookings and billings in the Dec'24 quarter.

Read the full article [here](https://seekingalpha.com/article/4746494-this-quantum-computing-stock-has-stronger-fundamentals-but-is-priced-dearly?ref=huntingalphas.com).

#### Disclosures and Disclaimers

**Past performance ≠ future results. Not investment advice. See* [**full Disclaimer*](https://www.huntingalphas.com/disclaimer/)**.*