Horizon Quantum Computing Pte. Ltd. (NASDAQ:HQ – Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $16.07, but opened at $15.45. Horizon Quantum Computing Pte. shares last traded at $15.4520, with a volume of 8,868 shares trading hands.
Wall Street Analyst Weigh In
Several equities research analysts have issued reports on HQ shares. Wall Street Zen raised Horizon Quantum Computing Pte. from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 22nd. Weiss Ratings raised Horizon Quantum Computing Pte. from a “sell (e)” rating to a “sell (e+)” rating in a report on Wednesday, June 17th. Needham & Company LLC started coverage on Horizon Quantum Computing Pte. in a research report on Wednesday, June 3rd. They issued a “buy” rating and a $20.00 target price for the company. Finally, Craig Hallum began coverage on Horizon Quantum Computing Pte. in a research note on Monday, August 17th. They issued a “buy” rating and a $21.00 target price for the company. Two investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $20.50.
Read Our Latest Stock Report on HQ
Horizon Quantum Computing Pte. Stock Performance
Horizon Quantum Computing Pte. (NASDAQ:HQ – Get Free Report) last issued its earnings results on Tuesday, August 4th. The quantum computing company reported ($0.13) earnings per share (EPS) for the quarter.
About Horizon Quantum Computing Pte.
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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