Pasqal Holding SA (NASDAQ:PSQL – Get Free Report)’s stock price hit a new 52-week low during trading on Monday. The company traded as low as $5.45 and last traded at $5.62, with a volume of 122,295 shares changing hands. The stock had previously closed at $5.56.
Wall Street Analyst Weigh In
Several research firms have issued reports on PSQL. Canaccord Genuity Group reiterated a “buy” rating and set a $16.00 target price on shares of Pasqal in a research report on Monday, September 28th. Williams Trading set a $16.00 target price on Pasqal in a research note on Wednesday, September 30th. Benchmark raised Pasqal to a “strong-buy” rating in a report on Tuesday, October 6th. Zacks Research upgraded Pasqal to a “hold” rating in a research note on Thursday, September 24th. Finally, UBS Group set a $16.00 price objective on Pasqal in a report on Tuesday, September 22nd. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Pasqal presently has a consensus rating of “Buy” and a consensus target price of $16.80.
Check Out Our Latest Analysis on PSQL
Pasqal Trading Up 5.6%
Pasqal Company Profile
Pasqal is a quantum computing company headquartered in France that develops neutral-atom quantum processors and related software. Its systems use individually controlled atoms as qubits, with the aim of addressing complex computational problems that are difficult to solve with conventional computers.
The company provides access to its quantum computing technology through cloud-based platforms and works with customers and research organizations on applications including optimization, molecular and materials simulation, energy, logistics, finance, and machine learning.
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