Horizon Quantum Computing Pte. (NASDAQ:HQ) Sees Large Volume Increase – Here’s Why

Posted by Patrick Bannon on Jun 15th, 2026

Shares of Horizon Quantum Computing Pte. Ltd. (NASDAQ:HQ – Get Free Report) saw an uptick in trading volume on Monday . 850,193 shares traded hands during mid-day trading, an increase of 326% from the previous session’s volume of 199,373 shares.The stock last traded at $14.0010 and had previously closed at $10.91.

Analysts Set New Price Targets

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

View Our Latest Report on Horizon Quantum Computing Pte.

Horizon Quantum Computing Pte. Price Performance

The company has a market capitalization of $807.90 million, a price-to-earnings ratio of -7.82 and a beta of 0.64. The stock’s 50-day simple moving average is $11.46.

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.

About Horizon Quantum Computing Pte.

(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.