Horizon Quantum Computing Pte. (NASDAQ:HQ) Shares Up 26.6% – What’s Next?

Posted by Donald Scott on Jun 17th, 2026

Horizon Quantum Computing Pte. Ltd. (NASDAQ:HQ – Get Free Report) rose 26.6% during mid-day trading on Wednesday . The company traded as high as $23.02 and last traded at $23.6820. Approximately 356,796 shares were traded during trading, an increase of 11% from the average daily volume of 321,650 shares. The stock had previously closed at $18.70.

Wall Street Analyst Weigh In

HQ has been the subject of a number of analyst reports. Weiss Ratings upgraded shares of Horizon Quantum Computing Pte. from a “sell (e-)” rating to a “sell (e)” rating in a report on Monday, June 1st. Needham & Company LLC initiated coverage on shares of Horizon Quantum Computing Pte. in a report on Wednesday, June 3rd. They set a “buy” rating and a $20.00 price objective for the company. Finally, Wall Street Zen cut shares of Horizon Quantum Computing Pte. to a “strong sell” rating in a report on Saturday, May 23rd. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Horizon Quantum Computing Pte. has an average rating of “Hold” and a consensus target price of $20.00.

Get Our Latest Report on HQ

Horizon Quantum Computing Pte. Trading Up 31.6%

The company has a market cap of $1.27 billion, a P/E ratio of -12.54 and a beta of 0.65. The company’s fifty day moving average is $11.76.

Horizon Quantum Computing Pte. (NASDAQ:HQ – Get Free Report) last released its quarterly earnings results on Tuesday, May 5th. The quantum computing company reported ($0.09) earnings per share for the quarter.

Horizon Quantum Computing Pte. Company Profile

(Get Free Report)

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.