Horizon Quantum Computing Pte. Ltd. (NASDAQ:HQ – Get Free Report) shares were up 10.1% during trading on Friday. The company traded as high as $11.44 and last traded at $11.5640. Approximately 36,218 shares were traded during mid-day trading, a decline of 91% from the average daily volume of 417,970 shares. The stock had previously closed at $10.50.
Analysts Set New Price Targets
Several analysts recently commented on the company. Craig Hallum assumed coverage on Horizon Quantum Computing Pte. in a research note on Monday, August 17th. They set a “buy” rating and a $21.00 price objective on the stock. Wall Street Zen upgraded Horizon Quantum Computing Pte. from a “strong sell” rating to a “sell” rating in a report on Saturday, August 22nd. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Horizon Quantum Computing Pte. in a research note on Monday, September 14th. Two analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $20.50.
Check Out Our Latest Report on HQ
Horizon Quantum Computing Pte. Stock Performance
The company has a 50-day moving average of $14.73 and a 200-day moving average of $15.44. The firm has a market capitalization of $575.07 million, a price-to-earnings ratio of -24.18 and a beta of 0.37.
Horizon Quantum Computing Pte. (NASDAQ:HQ – Get Free Report) last announced its earnings results on Tuesday, August 4th. The quantum computing company reported ($0.13) EPS for the quarter.
About Horizon Quantum Computing Pte.
Horizon Quantum Holdings Ltd. is a quantum software infrastructure company focused on tools and systems that help developers build and deploy quantum applications. The company emphasizes software, algorithms, and workflow infrastructure intended to support practical quantum and hybrid quantum-classical use cases.
Horizon Quantum became a public company through its business combination with dMY Squared Technology Group, Inc (DMYY), which was formed to take a private company public through a business combination.
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