Pasqal (NASDAQ:PSQL) Raised to Sell at Wall Street Zen

Pasqal (NASDAQ:PSQL) was upgraded by investment analysts at Wall Street Zen to a “sell” rating in a research note issued on Saturday, Wall Street Zen reports.

PSQL has been the subject of a number of other reports. UBS Group set a $16.00 price objective on shares of Pasqal in a research report on Tuesday, September 22nd. Benchmark raised shares of Pasqal to a “strong-buy” rating in a report on Tuesday, October 6th. Zacks Research upgraded Pasqal to a “hold” rating in a research report on Thursday, September 24th. Canaccord Genuity Group restated a “buy” rating and issued a $16.00 target price on shares of Pasqal in a research note on Monday, September 28th. Finally, Cantor Fitzgerald began coverage on Pasqal in a research report on Friday. They issued an “overweight” rating and a $12.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Pasqal presently has an average rating of “Buy” and a consensus price target of $16.00.

Pasqal Price Performance

NASDAQ PSQL opened at $5.23 on Friday. Pasqal has a fifty-two week low of $5.04 and a fifty-two week high of $24.69. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.22 and a quick ratio of 2.04.

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.