Pasqal (NASDAQ:PSQL) Reaches New 1-Year Low – Time to Sell?

Pasqal Holding SA (NASDAQ:PSQL)’s share price reached a new 52-week low during trading on Wednesday. The stock traded as low as $5.82 and last traded at $5.82, with a volume of 748,623 shares traded. The stock had previously closed at $6.27.

Wall Street Analyst Weigh In

PSQL has been the topic of several research analyst reports. Zacks Research upgraded shares of Pasqal to a “hold” rating in a research report on Thursday, September 24th. Benchmark raised Pasqal to a “strong-buy” rating in a report on Tuesday, October 6th. Williams Trading set a $16.00 target price on Pasqal in a research note on Wednesday, September 30th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $16.00 price target on shares of Pasqal in a report on Monday, September 28th. Finally, UBS Group set a $16.00 price target on Pasqal in a report on Tuesday, September 22nd. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Pasqal has an average rating of “Buy” and a consensus price target of $16.80.

Pasqal Price Performance

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

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.