Horizon Quantum Computing Pte. Ltd. (NASDAQ:HQ - Get Free Report) traded up 10.8% during trading on Wednesday . The company traded as high as $10.95 and last traded at $10.74. 32,014 shares traded hands during mid-day trading, a decline of 78% from the average session volume of 148,233 shares. The stock had previously closed at $9.69.
Analyst Ratings Changes
Separately, Weiss Ratings assumed coverage on shares of Horizon Quantum Computing Pte. in a research note on Tuesday, April 21st. They issued a "sell (e-)" rating on the stock. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of "Sell".
Get Our Latest Stock Report on Horizon Quantum Computing Pte.
Horizon Quantum Computing Pte. Stock Performance
The company has a market cap of $536.43 million, a P/E ratio of -3.30 and a beta of 0.46.
Horizon Quantum Computing Pte. (NASDAQ:HQ - Get Free Report) last issued its earnings results on Tuesday, May 5th. The quantum computing company reported ($0.09) earnings per share for the quarter.
Horizon Quantum Computing Pte. Company Profile
(
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Horizon Quantum Computing Pte., you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Horizon Quantum Computing Pte. wasn't on the list.
While Horizon Quantum Computing Pte. currently has a Sell rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Click the link to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
