Zapata Quantum (OTCMKTS:ZPTA) Announces Earnings Results, Misses Estimates By $0.01 EPS

Zapata Quantum (OTCMKTS:ZPTA) announced its quarterly earnings results on Monday. The quantum software company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.01), Zacks reports.

Zapata Quantum Price Performance

ZPTA opened at $0.73 on Wednesday. Zapata Quantum has a 12-month low of $0.04 and a 12-month high of $2.35. The business has a 50 day moving average of $0.71 and a 200-day moving average of $0.84. The company has a quick ratio of 2.26, a current ratio of 2.26 and a debt-to-equity ratio of 1.48.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on ZPTA shares. Chardan Capital started coverage on Zapata Quantum in a report on Tuesday, October 13th. They set a “buy” rating and a $1.00 price objective on the stock. Zacks Research raised shares of Zapata Quantum to a “hold” rating in a research note on Monday, October 5th. Finally, Craig Hallum upgraded shares of Zapata Quantum to a “strong-buy” rating in a report on Tuesday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $1.00.

About Zapata Quantum

Zapata Computing Holdings Inc. operates as an industrial generative artificial intelligence (AI) software company in the United States. The company offers subscription-based solutions that combine software and services to develop generative AI applications, as well as accompanying services to solve complex industrial problems. It also provides Zapata AI Sense, a suite of algorithms and complex mathematical models to enhance analytics and other data-driven applications; Zapata AI Prose, a set of generative AI solutions based on large language models for generic chatbot applications; and Orquestra, an industrial generative AI application development platform, which provides sense and prose.