Horizon Quantum Computing Pte. Ltd. (NASDAQ:HQ – Get Free Report) shares were down 5.2% during mid-day trading on Tuesday . The company traded as low as $20.32 and last traded at $20.2650. Approximately 99,314 shares traded hands during mid-day trading, a decline of 82% from the average daily volume of 551,863 shares. The stock had previously closed at $21.38.
Analyst Ratings Changes
HQ has been the subject of a number of recent analyst reports. Needham & Company LLC initiated 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. Wall Street Zen upgraded Horizon Quantum Computing Pte. from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 20th. Finally, Weiss Ratings raised Horizon Quantum Computing Pte. from a “sell (e)” rating to a “sell (e+)” rating in a research report on Wednesday, June 17th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $20.00.
View Our Latest Stock Report on HQ
Horizon Quantum Computing Pte. Stock Up 3.4%
Horizon Quantum Computing Pte. (NASDAQ:HQ – Get Free Report) last announced its earnings results on Tuesday, May 5th. The quantum computing company reported ($0.09) earnings per share (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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