Horizon Quantum Computing Pte. Ltd. (NASDAQ:HQ – Get Free Report)’s share price rose 7.1% during mid-day trading on Tuesday. The company traded as high as $17.24 and last traded at $17.1640. Approximately 132,906 shares changed hands during trading, a decline of 72% from the average session volume of 471,015 shares. The stock had previously closed at $16.03.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on the company. Craig Hallum started coverage on Horizon Quantum Computing Pte. in a research report on Monday, August 17th. They set a “buy” rating and a $21.00 price objective 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 report on Saturday, August 22nd. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Horizon Quantum Computing Pte. in a research note on Monday, September 14th. Two research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, Horizon Quantum Computing Pte. currently has a consensus rating of “Hold” and an average target price of $20.50.
Check Out Our Latest Analysis on HQ
Horizon Quantum Computing Pte. Stock Down 2.7%
Horizon Quantum Computing Pte. (NASDAQ:HQ – Get Free Report) last posted its earnings results on Tuesday, August 4th. The quantum computing company reported ($0.13) earnings per share 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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