Horizon Quantum Computing Pte. Ltd. (NASDAQ:HQ – Get Free Report)’s stock price rose 11% during trading on Monday . The company traded as high as $11.58 and last traded at $11.6650. Approximately 108,090 shares changed hands during trading, a decline of 47% from the average daily volume of 203,236 shares. The stock had previously closed at $10.51.
Wall Street Analysts Forecast Growth
HQ has been the topic of a number of recent research reports. Needham & Company LLC initiated coverage on shares of Horizon Quantum Computing Pte. in a research report on Wednesday, June 3rd. They set a “buy” rating and a $20.00 price target on the stock. Wall Street Zen lowered shares of Horizon Quantum Computing Pte. to a “strong sell” rating in a report on Saturday, May 23rd. Finally, Weiss Ratings raised shares of Horizon Quantum Computing Pte. from a “sell (e-)” rating to a “sell (e)” rating in a report on Monday, June 1st. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, Horizon Quantum Computing Pte. currently has a consensus rating of “Hold” and a consensus price target of $20.00.
Horizon Quantum Computing Pte. Trading Up 9.1%
Horizon Quantum Computing Pte. (NASDAQ:HQ – Get Free Report) last issued its quarterly earnings results on Tuesday, May 5th. The quantum computing company reported ($0.09) earnings per share for the quarter.
Horizon Quantum Computing Pte. Company Profile
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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