Horizon Quantum Computing Pte. (NASDAQ:HQ) Upgraded by Wall Street Zen to “Sell” Rating

Wall Street Zen upgraded shares of Horizon Quantum Computing Pte. (NASDAQ:HQ) from a strong sell rating to a sell rating in a report issued on Saturday morning.

Several other equities analysts have also recently weighed in on HQ. Weiss Ratings raised shares of Horizon Quantum Computing Pte. from a “sell (e)” rating to a “sell (e+)” rating in a research note on Wednesday, June 17th. Craig Hallum began coverage on shares of Horizon Quantum Computing Pte. in a research report on Monday, August 17th. They issued a “buy” rating and a $21.00 price objective on the stock. Finally, Needham & Company LLC initiated coverage on shares of Horizon Quantum Computing Pte. in a report on Wednesday, June 3rd. They set a “buy” rating and a $20.00 target price for the company. Two equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $20.50.

Horizon Quantum Computing Pte. Stock Up 14.5%

HQ stock opened at $19.93 on Friday. The firm has a market capitalization of $1.03 billion, a PE ratio of -43.33 and a beta of 0.30. Horizon Quantum Computing Pte. has a fifty-two week low of $8.29 and a fifty-two week high of $45.00. The stock’s 50-day moving average price is $19.93.

Horizon Quantum Computing Pte. (NASDAQ:HQ) last announced its earnings results on Tuesday, August 4th. The quantum computing company reported ($0.13) earnings per share (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.