Horizon Quantum Computing Pte. (NASDAQ:HQ) Stock Rating Lowered by Wall Street Zen

Horizon Quantum Computing Pte. (NASDAQ:HQ) was downgraded by research analysts at Wall Street Zen from a “sell” rating to a “strong sell” rating in a research note issued to investors on Saturday.

A number of other brokerages have also commented on HQ. Needham & Company LLC began coverage on Horizon Quantum Computing Pte. in a research note on Wednesday, June 3rd. They set a “buy” rating and a $20.00 price target for the company. Weiss Ratings raised Horizon Quantum Computing Pte. from a “sell (e)” rating to a “sell (e+)” rating in a research note on Wednesday, June 17th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Horizon Quantum Computing Pte. has an average rating of “Hold” and an average price target of $20.00.

Horizon Quantum Computing Pte. Stock Performance

Shares of HQ stock opened at $14.13 on Friday. The business has a fifty day moving average of $19.00. Horizon Quantum Computing Pte. has a 52 week low of $8.29 and a 52 week high of $45.00. The stock has a market cap of $728.83 million, a PE ratio of -7.21 and a beta of 0.31.

Horizon Quantum Computing Pte. (NASDAQ:HQ) last issued its quarterly earnings data on Tuesday, August 4th. The quantum computing company reported ($0.13) earnings per share for the quarter.

Horizon Quantum Computing Pte. Company Profile

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.