Horizon Quantum Computing Pte. (NASDAQ:HQ) Upgraded at Wall Street Zen

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

Several other research analysts have also recently weighed in on HQ. Weiss Ratings upgraded Horizon Quantum Computing Pte. from a “sell (e)” rating to a “sell (e+)” rating in a research report on Wednesday. Needham & Company LLC initiated coverage on Horizon Quantum Computing Pte. in a research report on Wednesday, June 3rd. They issued a “buy” rating and a $20.00 price objective on the stock. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $20.00.

Horizon Quantum Computing Pte. Stock Performance

NASDAQ HQ opened at $32.00 on Friday. Horizon Quantum Computing Pte. has a 12-month low of $8.29 and a 12-month high of $39.25. The business has a fifty day moving average of $12.82. The stock has a market capitalization of $1.65 billion, a PE ratio of -16.33 and a beta of 0.65.

Horizon Quantum Computing Pte. (NASDAQ:HQ) last released its earnings results on Tuesday, May 5th. The quantum computing company reported ($0.09) 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.