Pasqal (NASDAQ:PSQL) Hits New 52-Week Low – Here’s What Happened

Pasqal Holding SA (NASDAQ:PSQL) shares reached a new 52-week low during trading on Monday. The company traded as low as $5.45 and last traded at $5.62, with a volume of 122,295 shares trading hands. The stock had previously closed at $5.56.

Wall Street Analysts Forecast Growth

A number of analysts have commented on PSQL shares. Williams Trading set a $16.00 price target on shares of Pasqal in a research note on Wednesday, September 30th. Benchmark raised shares of Pasqal to a “strong-buy” rating in a report on Tuesday, October 6th. UBS Group set a $16.00 price objective on shares of Pasqal in a research note on Tuesday, September 22nd. Roth Capital began coverage on Pasqal in a research report on Wednesday, September 9th. They issued a “buy” rating and a $20.00 price target on the stock. Finally, Zacks Research upgraded Pasqal to a “hold” rating in a research note on Thursday, September 24th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $16.80.

Pasqal Price Performance

The company has a quick ratio of 2.04, a current ratio of 2.22 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.