Horizon Quantum Computing Pte. (NASDAQ:HQ) Reaches New 52-Week High – Still a Buy?

Posted by ABMN Staff on Jun 16th, 2026

Horizon Quantum Computing Pte. Ltd. (NASDAQ:HQ – Get Free Report)’s share price hit a new 52-week high on Tuesday . The stock traded as high as $18.05 and last traded at $17.82, with a volume of 6234895 shares. The stock had previously closed at $10.91.

Analyst Upgrades and Downgrades

HQ has been the subject of several analyst reports. Needham & Company LLC initiated coverage on shares of Horizon Quantum Computing Pte. in a research note on Wednesday, June 3rd. They issued a “buy” rating and a $20.00 price objective for the company. Weiss Ratings upgraded shares of Horizon Quantum Computing Pte. from a “sell (e-)” rating to a “sell (e)” rating in a research note on Monday, June 1st. Finally, Wall Street Zen cut shares of Horizon Quantum Computing Pte. to a “strong sell” rating in a research note on Saturday, May 23rd. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $20.00.

View Our Latest Report on Horizon Quantum Computing Pte.

Horizon Quantum Computing Pte. Trading Up 63.3%

The stock has a 50-day moving average price of $11.60. The stock has a market capitalization of $919.16 million, a price-to-earnings ratio of -9.09 and a beta of 0.64.

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) earnings per share for the quarter.

Horizon Quantum Computing Pte. Company Profile

(Get Free Report)

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.