Pasqal (NASDAQ:PSQL) Shares Gap Up – What’s Next?

Shares of Pasqal Holding SA (NASDAQ:PSQL) gapped up prior to trading on Monday. The stock had previously closed at $5.23, but opened at $5.65. Pasqal shares last traded at $5.5840, with a volume of 107,612 shares changing hands.

Analyst Ratings Changes

PSQL has been the subject of a number of recent research reports. Williams Trading set a $16.00 price target on shares of Pasqal in a research note on Wednesday, September 30th. Wall Street Zen raised Pasqal to a “sell” rating in a research note on Saturday. Canaccord Genuity Group reissued a “buy” rating and set a $16.00 price objective on shares of Pasqal in a report on Monday, September 28th. Zacks Research upgraded shares of Pasqal to a “hold” rating in a research report on Thursday, September 24th. Finally, Roth Capital initiated coverage on Pasqal in a research note on Wednesday, September 9th. They set a “buy” rating and a $20.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $16.00.

Pasqal Trading Up 5.4%

The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.04 and a current ratio of 2.22.

Pasqal Company Profile

Pasqal is a quantum computing company headquartered in France that develops neutral-atom quantum processors and related software. Its systems use individually controlled atoms as qubits, with the aim of addressing complex computational problems that are difficult to solve with conventional computers.

The company provides access to its quantum computing technology through cloud-based platforms and works with customers and research organizations on applications including optimization, molecular and materials simulation, energy, logistics, finance, and machine learning.