Horizon Quantum Computing Pte. (NASDAQ:HQ) Stock Price Down 4.2% – Should You Sell?

Horizon Quantum Computing Pte. Ltd. (NASDAQ:HQ – Get Free Report) shares dropped 4.2% during trading on Wednesday . The stock traded as low as $10.56 and last traded at $10.7550. Approximately 15,870 shares changed hands during mid-day trading, a decline of 90% from the average daily volume of 156,640 shares. The stock had previously closed at $11.23.

Analysts Set New Price Targets

Separately, Weiss Ratings assumed coverage on Horizon Quantum Computing Pte. in a report on Tuesday, April 21st. They issued a “sell (e-)” rating for the company. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Horizon Quantum Computing Pte. has an average rating of “Sell”.

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Check Out Our Latest Stock Analysis on Horizon Quantum Computing Pte.

Horizon Quantum Computing Pte. Stock Down 7.3%

The stock has a market capitalization of $536.67 million, a price-to-earnings ratio of -5.31 and a beta of 0.46.

Horizon Quantum Computing Pte. (NASDAQ:HQ – Get Free Report) last released its quarterly earnings results on Tuesday, May 5th. The quantum computing company reported ($0.09) earnings per share for the quarter.

Horizon Quantum Computing Pte. Company Profile

(Get Free Report)

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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