Horizon Quantum Computing Pte. (NASDAQ:HQ) Now Covered by Analysts at Craig Hallum

Craig Hallum assumed coverage on shares of Horizon Quantum Computing Pte. (NASDAQ:HQ) in a report released on Monday. The firm set a “buy” rating and a $21.00 price target on the quantum computing company’s stock. Craig Hallum’s price target indicates a potential upside of 23.60% from the stock’s previous close.

HQ has been the subject of several other reports. Wall Street Zen downgraded Horizon Quantum Computing Pte. from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 8th. Weiss Ratings raised Horizon Quantum Computing Pte. from a “sell (e)” rating to a “sell (e+)” rating in a research note on Wednesday, June 17th. Finally, Needham & Company LLC assumed coverage on Horizon Quantum Computing Pte. in a report on Wednesday, June 3rd. They issued a “buy” rating and a $20.00 price target on the stock. Two research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Horizon Quantum Computing Pte. has an average rating of “Hold” and an average price target of $20.50.

Horizon Quantum Computing Pte. Stock Performance

Shares of NASDAQ HQ opened at $16.99 on Monday. The company has a market capitalization of $876.31 million, a price-to-earnings ratio of -36.93 and a beta of 0.30. The business’s fifty day moving average is $19.24. Horizon Quantum Computing Pte. has a 12-month low of $8.29 and a 12-month high of $45.00.

Horizon Quantum Computing Pte. (NASDAQ:HQ) last posted its quarterly earnings results on Tuesday, August 4th. The quantum computing company reported ($0.13) earnings per share for the quarter.

Horizon Quantum Computing Pte. Company Profile

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.