Zapata Quantum (OTCMKTS:ZPTA) Stock Price Down 5.8% – Time to Sell?

Zapata Quantum (OTCMKTS:ZPTA)’s share price fell 5.8% during trading on Thursday . The company traded as low as $0.70 and last traded at $0.7375. Approximately 225,907 shares were traded during mid-day trading, an increase of 48% from the average daily volume of 152,774 shares. The stock had previously closed at $0.7825.

Analysts Set New Price Targets

Separately, Craig Hallum raised Zapata Quantum to a “strong-buy” rating in a research report on Tuesday, August 18th. One research analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the company currently has an average rating of “Strong Buy”.

Zapata Quantum Stock Performance

The firm has a market capitalization of $140.50 million, a P/E ratio of -37.50 and a beta of 20.69. The firm has a 50-day moving average price of $0.88 and a two-hundred day moving average price of $0.86. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.26 and a quick ratio of 2.26.

Zapata Quantum (OTCMKTS:ZPTA) last posted its quarterly earnings results on Friday, August 14th. The quantum software company reported ($0.01) EPS for the quarter.

About Zapata Quantum

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.