Horizon Quantum Computing Pte. (NASDAQ:HQ) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Horizon Quantum Computing Pte. (NASDAQ:HQ) from a strong sell rating to a sell rating in a research note released on Saturday.

Several other research firms have also recently issued reports on HQ. Craig Hallum started coverage on Horizon Quantum Computing Pte. in a report on Monday, August 17th. They issued a “buy” rating and a $21.00 price target on the stock. Weiss Ratings raised Horizon Quantum Computing Pte. from a “sell (e)” rating to a “sell (e+)” rating in a research note on Wednesday, June 17th. Finally, Needham & Company LLC began coverage on Horizon Quantum Computing Pte. in a report on Wednesday, June 3rd. They issued a “buy” rating and a $20.00 target price on the stock. Two research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Horizon Quantum Computing Pte. presently has a consensus rating of “Hold” and an average price target of $20.50.

Horizon Quantum Computing Pte. Stock Performance

NASDAQ:HQ opened at $19.44 on Friday. The firm’s 50-day simple moving average is $19.96. The company has a market cap of $1.00 billion, a price-to-earnings ratio of -42.26 and a beta of 0.31. Horizon Quantum Computing Pte. has a twelve month low of $8.29 and a twelve month high of $45.00.

Horizon Quantum Computing Pte. (NASDAQ:HQ) last released its earnings results on Tuesday, August 4th. The quantum computing company reported ($0.13) 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.