Horizon Quantum Computing Pte. Ltd. (NASDAQ:HQ – Get Free Report) shares were up 10.9% during mid-day trading on Monday . The stock traded as high as $12.95 and last traded at $13.3910. 41,640 shares were traded during mid-day trading, a decline of 92% from the average session volume of 519,850 shares. The stock had previously closed at $12.08.
Analyst Upgrades and Downgrades
A number of analysts recently issued reports on the stock. Weiss Ratings raised shares of Horizon Quantum Computing Pte. from a “sell (e)” rating to a “sell (e+)” rating in a report on Wednesday, June 17th. 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, June 20th. Finally, Needham & Company LLC started coverage on Horizon Quantum Computing Pte. in a research note on Wednesday, June 3rd. They issued a “buy” rating and a $20.00 price target for the company. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Horizon Quantum Computing Pte. has a consensus rating of “Hold” and a consensus target price of $20.00.
Check Out Our Latest Research Report on Horizon Quantum Computing Pte.
Horizon Quantum Computing Pte. Stock Up 10.6%
Horizon Quantum Computing Pte. (NASDAQ:HQ – Get Free Report) last released its earnings results on Tuesday, August 4th. The quantum computing company reported ($0.13) EPS 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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