Pasqal (NASDAQ:PSQL) Shares Down 4.3% – Should You Sell?

Pasqal Holding SA (NASDAQ:PSQL)’s share price was down 4.3% on Friday. The company traded as low as $6.84 and last traded at $6.87. 132,558 shares were traded during trading, a decline of 87% from the average daily volume of 1,016,659 shares. The stock had previously closed at $7.18.

Analyst Ratings Changes

A number of equities research analysts have weighed in on PSQL shares. Benchmark upgraded shares of Pasqal to a “strong-buy” rating in a research note on Tuesday. Roth Capital assumed coverage on Pasqal in a research report on Wednesday, September 9th. They set a “buy” rating and a $20.00 price objective for the company. Zacks Research raised Pasqal to a “hold” rating in a research report on Thursday, September 24th. Needham & Company LLC started coverage on shares of Pasqal in a research note on Wednesday, September 30th. They issued a “buy” rating and a $16.00 price objective on the stock. Finally, Williams Trading set a $16.00 price target on shares of Pasqal in a research report on Wednesday, September 30th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Pasqal has an average rating of “Buy” and a consensus target price of $16.80.

Pasqal Trading Down 5.1%

About Pasqal

Pasqal is a quantum computing company focused on developing neutral-atom quantum technology. The company designs quantum processors that use individually controlled atoms as qubits, along with the hardware, control systems and software needed to operate quantum computers.

Its offerings include access to quantum computing systems through cloud-based platforms, as well as software tools and services intended to help organizations develop and run quantum algorithms. Pasqal targets applications such as optimization, simulation, machine learning, drug discovery, energy and financial modeling.

Founded in France in 2019 by Georges-Olivier Reymond, Pasqal serves research institutions, corporations and public-sector organizations.