Pasqal (NASDAQ:PSQL) Shares Gap Up – Here’s Why

Pasqal Holding SA (NASDAQ:PSQL)’s stock price gapped up before the market opened on Monday. The stock had previously closed at $5.23, but opened at $5.65. Pasqal shares last traded at $5.5840, with a volume of 107,612 shares changing hands.

Analyst Ratings Changes

PSQL has been the subject of a number of recent research reports. Cantor Fitzgerald assumed coverage on Pasqal in a research report on Friday, October 30th. They set an “overweight” rating and a $12.00 price objective for the company. Roth Capital assumed coverage on Pasqal in a research note on Wednesday, September 9th. They set a “buy” rating and a $20.00 price objective for the company. Zacks Research raised shares of Pasqal to a “hold” rating in a report on Thursday, September 24th. Benchmark upgraded Pasqal to a “strong-buy” rating in a report on Tuesday, October 6th. Finally, Williams Trading set a $16.00 price objective on shares of Pasqal in a research note on Wednesday, September 30th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $16.00.

Pasqal Stock Up 1.3%

The company has a debt-to-equity ratio of 0.13, a current ratio of 2.22 and a quick ratio of 2.04. The business’s fifty day moving average is $6.62.

Pasqal Company Profile

Pasqal is a France-based quantum computing company that develops quantum processors, software and application solutions based on neutral-atom technology. Its systems use individually controlled atoms to perform quantum computations and are designed to address complex problems that can be difficult to solve with conventional computing.

The company provides quantum computing hardware and access to its technology through cloud-based platforms, along with software tools that enable customers and researchers to develop, test and run quantum algorithms.