Horizon Quantum Computing Pte. Ltd. (NASDAQ:HQ – Get Free Report)’s stock price traded down 11.2% on Monday . The stock traded as low as $17.50 and last traded at $17.7050. 71,116 shares traded hands during mid-day trading, a decline of 85% from the average daily volume of 489,731 shares. The stock had previously closed at $19.93.
Analyst Ratings Changes
HQ has been the topic of a number of research reports. Weiss Ratings upgraded shares of Horizon Quantum Computing Pte. from a “sell (e)” rating to a “sell (e+)” rating in a research report on Wednesday, June 17th. Needham & Company LLC began coverage on shares of Horizon Quantum Computing Pte. in a research note on Wednesday, June 3rd. They issued a “buy” rating and a $20.00 price target for the company. Wall Street Zen upgraded shares of Horizon Quantum Computing Pte. from a “strong sell” rating to a “sell” rating in a report on Saturday. Finally, Craig Hallum started coverage on shares of Horizon Quantum Computing Pte. in a report on Monday, August 17th. They set a “buy” rating and a $21.00 price objective on the stock. Two investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $20.50.
Get Our Latest Report on Horizon Quantum Computing Pte.
Horizon Quantum Computing Pte. Trading Down 7.3%
Horizon Quantum Computing Pte. (NASDAQ:HQ – Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The quantum computing company reported ($0.13) 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.
See Also
- Five stocks we like better than Horizon Quantum Computing Pte.
- MongoDB Is Surging—And the Next Catalyst Is Almost Here
- If Boeing Ramps Up Production, These Suppliers May Win Big
- Marvell Takes a Shot a Broadcom’s Throne With Google Deal
- 5 of the Most-Upgraded Stocks Over the Last Quarter Are All Software Names—Here’s Why
Receive News & Ratings for Horizon Quantum Computing Pte. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Horizon Quantum Computing Pte. and related companies with MarketBeat.com's FREE daily email newsletter.
