Horizon Quantum Computing Pte. (NASDAQ:HQ) Stock Price Down 4.2% – Should You Sell?

Horizon Quantum Computing Pte. Ltd. (NASDAQ:HQ)’s stock price traded down 4.2% during mid-day trading on Wednesday . The company traded as low as $10.56 and last traded at $10.7550. 15,870 shares changed hands during mid-day trading, a decline of 90% from the average session volume of 156,640 shares. The stock had previously closed at $11.23.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings assumed coverage on Horizon Quantum Computing Pte. in a research note on Tuesday, April 21st. They issued a “sell (e-)” rating on the stock. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Horizon Quantum Computing Pte. Stock Down 7.3%

The company has a market capitalization of $536.67 million, a PE ratio of -5.31 and a beta of 0.46.

Horizon Quantum Computing Pte. (NASDAQ:HQ) last issued its earnings results on Tuesday, May 5th. The quantum computing company reported ($0.09) earnings per share 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.