Shares of Horizon Quantum Computing Pte. Ltd. (NASDAQ:HQ – Get Free Report) fell 7.7% on Monday. The stock traded as low as $14.40 and last traded at $14.3850. Approximately 57,785 shares were traded during trading, a decline of 88% from the average daily volume of 486,367 shares. The stock had previously closed at $15.59.
Analysts Set New Price Targets
A number of research analysts have issued reports on HQ shares. Craig Hallum assumed coverage on Horizon Quantum Computing Pte. in a research report on Monday, August 17th. They issued a “buy” rating and a $21.00 target price on the stock. Needham & Company LLC initiated coverage on shares of Horizon Quantum Computing Pte. in a report on Wednesday, June 3rd. They issued a “buy” rating and a $20.00 target price for the company. Wall Street Zen upgraded shares of Horizon Quantum Computing Pte. from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 22nd. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Horizon Quantum Computing Pte. in a research note on Monday, September 14th. Two analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $20.50.
Get Our Latest Analysis on Horizon Quantum Computing Pte.
Horizon Quantum Computing Pte. Price Performance
Horizon Quantum Computing Pte. (NASDAQ:HQ – Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The quantum computing company reported ($0.13) 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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