Shares of Horizon Quantum Computing Pte. Ltd. (NASDAQ:HQ – Get Free Report) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $45.00 and last traded at $38.39, with a volume of 2336208 shares changing hands. The stock had previously closed at $32.00.
Analyst Upgrades and Downgrades
Several analysts have weighed in on the stock. Wall Street Zen upgraded shares of Horizon Quantum Computing Pte. from a “strong sell” rating to a “sell” rating in a research note on Saturday. Needham & Company LLC assumed coverage on shares of Horizon Quantum Computing Pte. in a research report on Wednesday, June 3rd. They issued a “buy” rating and a $20.00 price target on the stock. Finally, Weiss Ratings raised shares of Horizon Quantum Computing Pte. from a “sell (e)” rating to a “sell (e+)” rating in a research report on Wednesday, June 17th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $20.00.
Check Out Our Latest Stock Report on HQ
Horizon Quantum Computing Pte. Trading Up 20.0%
Horizon Quantum Computing Pte. (NASDAQ:HQ – Get Free Report) last issued its quarterly earnings data on Tuesday, May 5th. The quantum computing company reported ($0.09) earnings per share 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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