Chardan Capital Begins Coverage on Zapata Quantum (OTCMKTS:ZPTA)

Research analysts at Chardan Capital assumed coverage on shares of Zapata Quantum (OTCMKTS:ZPTA) in a report released on Tuesday, Benzinga reports. The firm set a “buy” rating and a $1.00 price target on the quantum software company’s stock. Chardan Capital’s target price would indicate a potential upside of 75.44% from the company’s previous close.

Other equities research analysts also recently issued research reports about the company. Zacks Research raised Zapata Quantum to a “hold” rating in a research report on Monday, October 5th. Craig Hallum upgraded Zapata Quantum to a “strong-buy” rating in a research note on Tuesday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $1.00.

Zapata Quantum Stock Up 1.8%

Shares of ZPTA opened at $0.57 on Tuesday. Zapata Quantum has a 12 month low of $0.04 and a 12 month high of $2.35. The firm’s 50 day moving average is $0.76 and its 200-day moving average is $0.84. The stock has a market capitalization of $106.78 million, a PE ratio of -28.50 and a beta of 20.94. The company has a current ratio of 2.26, a quick ratio of 2.26 and a debt-to-equity ratio of 1.48.

Zapata Quantum (OTCMKTS:ZPTA) last released its quarterly earnings results on Friday, August 14th. The quantum software company reported ($0.01) earnings per share for the quarter. Equities research analysts forecast that Zapata Quantum will post -0.03 EPS for the current year.

About Zapata Quantum

Zapata Computing Holdings Inc operates as an industrial generative artificial intelligence (AI) software company in the United States. The company offers subscription-based solutions that combine software and services to develop generative AI applications, as well as accompanying services to solve complex industrial problems. It also provides Zapata AI Sense, a suite of algorithms and complex mathematical models to enhance analytics and other data-driven applications; Zapata AI Prose, a set of generative AI solutions based on large language models for generic chatbot applications; and Orquestra, an industrial generative AI application development platform, which provides sense and prose.