Zapata Quantum (OTCMKTS:ZPTA) Posts Earnings Results

Zapata Quantum (OTCMKTS:ZPTA) posted its quarterly earnings data 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 Trading Down 0.1%

ZPTA stock traded down $0.00 on Monday, hitting $0.73. 18,197 shares of the company were exchanged, compared to its average volume of 149,538. Zapata Quantum has a twelve month low of $0.04 and a twelve month high of $2.35. The company has a debt-to-equity ratio of 1.48, a current ratio of 2.26 and a quick ratio of 2.26. The business’s fifty day moving average is $0.72 and its two-hundred day moving average is $0.84. The stock has a market capitalization of $136.75 million, a price-to-earnings ratio of -36.50 and a beta of 21.20.

Wall Street Analysts Forecast Growth

ZPTA has been the subject of several analyst reports. Zacks Research upgraded Zapata Quantum to a “hold” rating in a research note on Monday, October 5th. Chardan Capital began coverage on Zapata Quantum in a research note on Tuesday, October 13th. They issued a “buy” rating and a $1.00 price target on the stock. Finally, Craig Hallum upgraded Zapata Quantum to a “strong-buy” rating in a report on Tuesday, August 18th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Zapata Quantum presently has a consensus rating of “Buy” and a consensus target price of $1.00.

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.