Pasqal Holding SA (NASDAQ:PSQL – Get Free Report) hit a new 52-week low on Wednesday. The company traded as low as $5.82 and last traded at $5.82, with a volume of 748,623 shares changing hands. The stock had previously closed at $6.27.
Analysts Set New Price Targets
Several brokerages recently issued reports on PSQL. Canaccord Genuity Group restated a “buy” rating and set a $16.00 price objective on shares of Pasqal in a research note on Monday, September 28th. Needham & Company LLC started coverage on shares of Pasqal in a report on Wednesday, September 30th. They set a “buy” rating and a $16.00 target price on the stock. Benchmark upgraded shares of Pasqal to a “strong-buy” rating in a research report on Tuesday, October 6th. Williams Trading set a $16.00 price target on shares of Pasqal in a report on Wednesday, September 30th. Finally, Roth Capital assumed coverage on shares of Pasqal in a research report on Wednesday, September 9th. They set a “buy” rating and a $20.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $16.80.
Read Our Latest Stock Analysis on PSQL
Pasqal Trading Down 7.2%
The company has a current ratio of 2.22, a quick ratio of 2.04 and a debt-to-equity ratio of 0.13.
About Pasqal
Pasqal is a quantum computing company focused on developing neutral-atom quantum technology. The company designs quantum processors that use individually controlled atoms as qubits, along with the hardware, control systems and software needed to operate quantum computers.
Its offerings include access to quantum computing systems through cloud-based platforms, as well as software tools and services intended to help organizations develop and run quantum algorithms. Pasqal targets applications such as optimization, simulation, machine learning, drug discovery, energy and financial modeling.
Founded in France in 2019 by Georges-Olivier Reymond, Pasqal serves research institutions, corporations and public-sector organizations.
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