Horizon Quantum Computing Pte. (NASDAQ:HQ) Sees Large Volume Increase – Time to Buy?

Shares of Horizon Quantum Computing Pte. Ltd. (NASDAQ:HQ) saw an uptick in trading volume on Friday . 183,699 shares changed hands during trading, an increase of 16% from the previous session’s volume of 158,798 shares.The stock last traded at $12.64 and had previously closed at $11.99.

Analyst Ratings Changes

Separately, Weiss Ratings began coverage on Horizon Quantum Computing Pte. in a research note on Tuesday, April 21st. They set a “sell (e-)” rating on the stock. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

Horizon Quantum Computing Pte. Price Performance

The company has a market capitalization of $670.95 million, a price-to-earnings ratio of -6.60 and a beta of 0.46.

Horizon Quantum Computing Pte. (NASDAQ:HQ) last issued its quarterly earnings data 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.