Horizon Quantum Computing Pte. (NASDAQ:HQ) Trading Up 5.4% – Here’s Why

Posted by Anthony Miller on Jul 17th, 2026

Horizon Quantum Computing Pte. Ltd. (NASDAQ:HQ – Get Free Report)’s stock price traded up 5.4% on Friday . The company traded as high as $23.00 and last traded at $22.0550. 58,684 shares were traded during trading, a decline of 89% from the average session volume of 544,835 shares. The stock had previously closed at $20.93.

Analysts Set New Price Targets

A number of analysts have issued reports on HQ shares. Weiss Ratings raised Horizon Quantum Computing Pte. from a “sell (e)” rating to a “sell (e+)” rating in a research report on Wednesday, June 17th. Wall Street Zen upgraded Horizon Quantum Computing Pte. from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 20th. Finally, Needham & Company LLC began coverage on Horizon Quantum Computing Pte. in a research note on Wednesday, June 3rd. They issued a “buy” rating and a $20.00 price objective for the company. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $20.00.

Get Our Latest Research Report on HQ

Horizon Quantum Computing Pte. Trading Up 8.7%

The company’s 50 day moving average is $18.25. The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of -11.60 and a beta of 0.11.

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

About Horizon Quantum Computing Pte.

(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.