Horizon Quantum Computing Pte. Ltd. (NASDAQ:HQ – Get Free Report) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $18.05 and last traded at $17.82, with a volume of 6234895 shares trading hands. The stock had previously closed at $10.91.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on HQ shares. Wall Street Zen cut shares of Horizon Quantum Computing Pte. to a “strong sell” rating in a report on Saturday, May 23rd. Needham & Company LLC started coverage on shares of Horizon Quantum Computing Pte. in a report on Wednesday, June 3rd. They issued a “buy” rating and a $20.00 target price for the company. Finally, Weiss Ratings raised shares of Horizon Quantum Computing Pte. from a “sell (e-)” rating to a “sell (e)” rating in a report on Monday, June 1st. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $20.00.
Horizon Quantum Computing Pte. Stock Performance
Horizon Quantum Computing Pte. (NASDAQ:HQ – Get Free Report) last posted its earnings results on Tuesday, May 5th. The quantum computing company reported ($0.09) 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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