Horizon Quantum Computing Pte. (NASDAQ:HQ) Stock Rating Upgraded by Wall Street Zen

Horizon Quantum Computing Pte. (NASDAQ:HQ) was upgraded by stock analysts at Wall Street Zen from a “strong sell” rating to a “sell” rating in a report issued on Saturday.

A number of other research analysts also recently issued reports on HQ. Needham & Company LLC started coverage on Horizon Quantum Computing Pte. in a research note on Wednesday, June 3rd. They set a “buy” rating and a $20.00 price objective for the company. Weiss Ratings upgraded shares of Horizon Quantum Computing Pte. from a “sell (e)” rating to a “sell (e+)” rating in a research note on Wednesday, June 17th. Finally, Craig Hallum initiated coverage on shares of Horizon Quantum Computing Pte. in a report on Monday, August 17th. They set a “buy” rating and a $21.00 price target on the stock. Two research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Horizon Quantum Computing Pte. currently has an average rating of “Hold” and an average price target of $20.50.

Horizon Quantum Computing Pte. Price Performance

NASDAQ:HQ opened at $19.93 on Friday. The firm’s 50-day moving average is $19.93. The company has a market capitalization of $1.03 billion, a price-to-earnings ratio of -43.33 and a beta of 0.31. Horizon Quantum Computing Pte. has a 52-week low of $8.29 and a 52-week high of $45.00.

Horizon Quantum Computing Pte. (NASDAQ:HQ) last posted its quarterly earnings data on Tuesday, August 4th. The quantum computing company reported ($0.13) EPS 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.