Pasqal Holding SA (NASDAQ:PSQL – Get Free Report)’s stock price hit a new 52-week low on Wednesday. The company traded as low as $5.82 and last traded at $5.82, with a volume of 748,623 shares traded. The stock had previously closed at $6.27.
Analyst Ratings Changes
A number of research analysts recently commented on the stock. Needham & Company LLC started coverage on shares of Pasqal in a research note on Wednesday, September 30th. They set a “buy” rating and a $16.00 price objective on the stock. Roth Capital started coverage on Pasqal in a report on Wednesday, September 9th. They set a “buy” rating and a $20.00 target price on the stock. Zacks Research upgraded Pasqal to a “hold” rating in a research report on Thursday, September 24th. Williams Trading set a $16.00 price target on Pasqal in a research report on Wednesday, September 30th. Finally, UBS Group set a $16.00 price objective on Pasqal in a research note on Tuesday, September 22nd. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Pasqal presently has a consensus rating of “Buy” and a consensus target price of $16.80.
Get Our Latest Stock Analysis on Pasqal
Pasqal Price Performance
Pasqal Company Profile
Pasqal is a quantum computing company focused on developing neutral-atom quantum technology. The company designs quantum processors that use individually controlled atoms as qubits, along with the hardware, control systems and software needed to operate quantum computers.
Its offerings include access to quantum computing systems through cloud-based platforms, as well as software tools and services intended to help organizations develop and run quantum algorithms. Pasqal targets applications such as optimization, simulation, machine learning, drug discovery, energy and financial modeling.
Founded in France in 2019 by Georges-Olivier Reymond, Pasqal serves research institutions, corporations and public-sector organizations.
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