Horizon Quantum Computing Pte. (NASDAQ:HQ) Research Coverage Started at Craig Hallum

Craig Hallum started coverage on shares of Horizon Quantum Computing Pte. (NASDAQ:HQ) in a research note released on Monday morning, MarketBeat Ratings reports. The firm issued a buy rating and a $21.00 price objective on the quantum computing company’s stock.

A number of other brokerages also recently commented on HQ. Needham & Company LLC assumed coverage on Horizon Quantum Computing Pte. in a research report on Wednesday, June 3rd. They issued a “buy” rating and a $20.00 price objective for the company. Weiss Ratings upgraded Horizon Quantum Computing Pte. from a “sell (e)” rating to a “sell (e+)” rating in a research report on Wednesday, June 17th. Finally, Wall Street Zen lowered Horizon Quantum Computing Pte. from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 8th. Two investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, Horizon Quantum Computing Pte. presently has a consensus rating of “Hold” and a consensus price target of $20.50.

Horizon Quantum Computing Pte. Trading Up 0.3%

NASDAQ:HQ opened at $16.82 on Monday. The firm has a market capitalization of $867.58 million, a price-to-earnings ratio of -36.57 and a beta of 0.30. The firm has a 50 day moving average price of $19.61. Horizon Quantum Computing Pte. has a 1-year low of $8.29 and a 1-year high of $45.00.

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