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

Zapata Quantum (OTCMKTS:ZPTA) released 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

Shares of OTCMKTS:ZPTA traded down $0.00 on Monday, hitting $0.73. The company had a trading volume of 18,197 shares, compared to its average volume of 149,538. The company has a current ratio of 2.26, a quick ratio of 2.26 and a debt-to-equity ratio of 1.48. The company has a market cap of $136.75 million, a PE ratio of -36.50 and a beta of 21.20. Zapata Quantum has a 52-week low of $0.04 and a 52-week high of $2.35. The business has a 50 day moving average of $0.72 and a 200 day moving average of $0.84.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Chardan Capital assumed coverage on shares of Zapata Quantum in a research note on Tuesday, October 13th. They issued a “buy” rating and a $1.00 price objective on the stock. Craig Hallum upgraded shares of Zapata Quantum to a “strong-buy” rating in a research report on Tuesday, August 18th. Finally, Zacks Research raised shares of Zapata Quantum to a “hold” rating in a report on Monday, October 5th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Zapata Quantum presently has a consensus rating of “Buy” and a consensus price target of $1.00.

Zapata Quantum Company Profile

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.