Zapata Quantum (OTCMKTS:ZPTA) Now Covered by Analysts at Chardan Capital

Research analysts at Chardan Capital started coverage on shares of Zapata Quantum (OTCMKTS:ZPTA) in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm set a “buy” rating and a $1.00 price target on the quantum software company’s stock. Chardan Capital’s price objective would indicate a potential upside of 75.44% from the stock’s current price.

Other equities analysts also recently issued research reports about the company. Zacks Research raised Zapata Quantum to a “hold” rating in a research report on Monday, October 5th. Craig Hallum upgraded Zapata Quantum to a “strong-buy” rating in a research note on Tuesday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Zapata Quantum currently has a consensus rating of “Buy” and a consensus target price of $1.00.

Zapata Quantum Stock Performance

Shares of ZPTA stock opened at $0.57 on Tuesday. Zapata Quantum has a 52 week low of $0.04 and a 52 week high of $2.35. The company has a market capitalization of $106.78 million, a price-to-earnings ratio of -28.50 and a beta of 20.94. The company has a 50-day simple moving average of $0.76 and a 200 day simple moving average of $0.84. The company has a debt-to-equity ratio of 1.48, a quick ratio of 2.26 and a current ratio of 2.26.

Zapata Quantum (OTCMKTS:ZPTA) last released its quarterly earnings results on Friday, August 14th. The quantum software company reported ($0.01) earnings per share for the quarter. On average, sell-side analysts predict that Zapata Quantum will post -0.03 earnings per share for the current year.

Zapata Quantum Company Profile

Zapata Computing Holdings Inc operates as an industrial generative artificial intelligence (AI) software company in the United States. The company offers subscription-based solutions that combine software and services to develop generative AI applications, as well as accompanying services to solve complex industrial problems. It also provides Zapata AI Sense, a suite of algorithms and complex mathematical models to enhance analytics and other data-driven applications; Zapata AI Prose, a set of generative AI solutions based on large language models for generic chatbot applications; and Orquestra, an industrial generative AI application development platform, which provides sense and prose.