IONS Stock Summary and Trading Ideas (Ionis Pharmaceuticals | NASDAQ:IONS)

Ionis Pharmaceuticals is the leading developer of antisense technology to discover and develop novel drugs. Its broad clinical and preclinical pipeline targets a wide variety of diseases, with an emphasis on cardiovascular, metabolic, neurological, and rare diseases. Ionis and Biogen brought Spinraza to market in 2016 as a treatment for spinal muscular atrophy, and Biogen launched ALS drug Qalsody in 2023. Ionis brought two additional drugs to market via its cardiovascular-focused subsidiary Akcea, including ATTR amyloidosis drug Tegsedi (2018) and cardiology drug Waylivra (Europe, 2019). Ionis and AstraZeneca launched polyneuropathy drug Wainua in 2024. Ionis marked its first two independent launches in 2025 for Tryngolza (for FCS) and Dawnzera (for HAE).

Ionis Pharmaceuticals trades on the NASDAQ stock market under the symbol IONS.

As of September 1, 2026, IONS stock price declined to $59.88 with 1,496,901 million shares trading.

IONS has a beta of 0.35, meaning it tends to be less sensitive to market movements. IONS has a correlation of 0.01 to the broad based SPY ETF.

IONS has a market cap of $9.95 billion. This is considered a Mid Cap stock.

Last quarter Ionis Pharmaceuticals reported $268 million in Revenue and -$.42 earnings per share. This beat revenue expectation by $78 million and exceeded earnings estimates by $.53.

In the last 3 years, IONS traded as high as $86.74 and as low as $23.95.

The top ETF exchange traded funds that IONS belongs to (by Net Assets): VTI, VB, VBK, VXF, XBI.

IONS has outperformed the market in the last year with a price return of +40.4% while the SPY ETF gained +19.3%. However, in the short term, IONS had mixed performance relative to the market. It has underperformed in the last 3 months, returning -21.7% vs +1.0% return in SPY. But in the last 2 weeks, IONS shares have fared better than the market returning +2.1% compared to SPY -1.4%.

IONS support price is $59.06 and resistance is $61.67 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that IONS shares will trade within this expected range on the day.