Horizon Quantum Computing Pte. (NASDAQ:HQ) Trading Down 5.5% – What’s Next?

Posted by Trevor Kearing on Jun 9th, 2026

Horizon Quantum Computing Pte. Ltd. (NASDAQ:HQ – Get Free Report)’s share price fell 5.5% on Tuesday . The stock traded as low as $10.65 and last traded at $10.5980. 34,033 shares changed hands during mid-day trading, a decline of 83% from the average session volume of 201,628 shares. The stock had previously closed at $11.22.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on HQ shares. Weiss Ratings raised Horizon Quantum Computing Pte. from a “sell (e-)” rating to a “sell (e)” rating in a research note on Monday, June 1st. Wall Street Zen downgraded shares of Horizon Quantum Computing Pte. to a “strong sell” rating in a report on Saturday, May 23rd. Finally, Needham & Company LLC started coverage on shares of Horizon Quantum Computing Pte. in a research report on Wednesday, June 3rd. They set a “buy” rating and a $20.00 target price for the company. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Horizon Quantum Computing Pte. has an average rating of “Hold” and a consensus target price of $20.00.

View Our Latest Stock Analysis on HQ

Horizon Quantum Computing Pte. Stock Down 4.4%

The firm has a market capitalization of $553.14 million, a PE ratio of -5.47 and a beta of 0.64.

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