Zapata Computing Holdings Inc. (NASDAQ:ZPTA – Get Free Report)’s share price dropped 9.4% during mid-day trading on Monday . The company traded as low as $0.71 and last traded at $0.77. Approximately 141,076 shares changed hands during mid-day trading, a decline of 50% from the average daily volume of 283,118 shares. The stock had previously closed at $0.85.
Zapata Computing Price Performance
The stock has a market cap of $125.19 million, a price-to-earnings ratio of -25.67 and a beta of 23.71. The firm’s 50-day moving average is $0.86 and its 200 day moving average is $0.34.
About Zapata Computing
Zapata Computing is a quantum software company headquartered in Boston, Massachusetts. Founded in 2017 as a spin-out from Harvard University, the firm focuses on developing quantum algorithms and workflows designed to address complex computational challenges. By leveraging advances in quantum information science, Zapata aims to provide enterprises with tools to explore new approaches in optimization, chemistry simulation, machine learning and materials research.
The company’s flagship platform, Orquestra™, offers a modular environment for designing, running and managing end-to-end quantum workflows.
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