Horizon Quantum Computing Pte. Ltd. (NASDAQ:HQ – Get Free Report)’s share price shot up 11% during mid-day trading on Monday . The stock traded as high as $11.58 and last traded at $11.6650. 108,090 shares changed hands during trading, a decline of 47% from the average session volume of 203,236 shares. The stock had previously closed at $10.51.
Analysts Set New Price Targets
Several brokerages recently issued reports on HQ. Wall Street Zen lowered shares of Horizon Quantum Computing Pte. to a “strong sell” rating in a report on Saturday, May 23rd. Needham & Company LLC began coverage on shares of Horizon Quantum Computing Pte. in a report on Wednesday, June 3rd. They set a “buy” rating and a $20.00 price target on the stock. Finally, Weiss Ratings raised shares of Horizon Quantum Computing Pte. from a “sell (e-)” rating to a “sell (e)” rating in a report on Monday, June 1st. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $20.00.
Check Out Our Latest Report on Horizon Quantum Computing Pte.
Horizon Quantum Computing Pte. Stock Performance
Horizon Quantum Computing Pte. (NASDAQ:HQ – Get Free Report) last posted its quarterly earnings data on Tuesday, May 5th. The quantum computing company reported ($0.09) EPS 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.
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