Shares of Zapata Computing Holdings Inc. (NASDAQ:ZPTA – Get Free Report) dropped 18.1% on Thursday . The stock traded as low as $0.76 and last traded at $0.7701. Approximately 310,268 shares changed hands during mid-day trading, an increase of 103% from the average daily volume of 152,497 shares. The stock had previously closed at $0.94.
Zapata Computing Stock Down 25.8%
The firm has a market cap of $25.50 million, a P/E ratio of -22.00 and a beta of 24.61. The business has a fifty day simple moving average of $0.21 and a 200-day simple moving average of $0.09.
Zapata Computing Company Profile
Zapata Computing is a quantum software company headquartered in Boston, Massachusetts. Founded in 2017 as a spin-out from Harvard University, the firm focuses on developing quantum algorithms and workflows designed to address complex computational challenges. By leveraging advances in quantum information science, Zapata aims to provide enterprises with tools to explore new approaches in optimization, chemistry simulation, machine learning and materials research.
The company’s flagship platform, Orquestra™, offers a modular environment for designing, running and managing end-to-end quantum workflows.
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