Horizon Quantum Computing Pte. Ltd. (NASDAQ:HQ – Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $32.00, but opened at $36.20. Horizon Quantum Computing Pte. shares last traded at $34.9060, with a volume of 359,173 shares.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on the stock. Weiss Ratings raised shares of Horizon Quantum Computing Pte. from a “sell (e)” rating to a “sell (e+)” rating in a report on Wednesday, June 17th. Needham & Company LLC began coverage on Horizon Quantum Computing Pte. in a research report on Wednesday, June 3rd. They set a “buy” rating and a $20.00 price target for the company. Finally, Wall Street Zen upgraded Horizon Quantum Computing Pte. from a “strong sell” rating to a “sell” rating in a research note on Saturday. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $20.00.
Check Out Our Latest Report on HQ
Horizon Quantum Computing Pte. Trading Down 13.0%
Horizon Quantum Computing Pte. (NASDAQ:HQ – Get Free Report) last posted its earnings results on Tuesday, May 5th. The quantum computing company reported ($0.09) EPS 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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