Horizon Quantum Computing Pte. Ltd. (NASDAQ:HQ – Get Free Report)’s share price was up 8.8% on Wednesday . The stock traded as high as $13.68 and last traded at $13.5950. 38,301 shares changed hands during mid-day trading, a decline of 92% from the average session volume of 499,453 shares. The stock had previously closed at $12.49.
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on HQ. Wall Street Zen cut Horizon Quantum Computing Pte. from a “sell” rating to a “strong sell” rating in a research note on Saturday. Weiss Ratings raised Horizon Quantum Computing Pte. from a “sell (e)” rating to a “sell (e+)” rating in a research note on Wednesday, June 17th. Finally, Needham & Company LLC initiated coverage on Horizon Quantum Computing Pte. in a report on Wednesday, June 3rd. They set a “buy” rating and a $20.00 price target for the company. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $20.00.
Get Our Latest Stock Analysis on HQ
Horizon Quantum Computing Pte. Trading Up 11.9%
Horizon Quantum Computing Pte. (NASDAQ:HQ – Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The quantum computing company reported ($0.13) 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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