Horizon Quantum Computing Pte. (NASDAQ:HQ) Trading 10.8% Higher – Time to Buy?

Horizon Quantum Computing Pte. Ltd. (NASDAQ:HQ)’s stock price traded up 10.8% on Wednesday . The stock traded as high as $10.95 and last traded at $10.74. 32,014 shares changed hands during mid-day trading, a decline of 78% from the average session volume of 148,233 shares. The stock had previously closed at $9.69.

Analyst Upgrades and Downgrades

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

Horizon Quantum Computing Pte. Trading Up 7.3%

The firm has a market capitalization of $536.43 million, a P/E ratio of -3.30 and a beta of 0.46.

Horizon Quantum Computing Pte. (NASDAQ:HQ) last released its quarterly earnings data on Tuesday, May 5th. The quantum computing company reported ($0.09) 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.